CME Group Announces the Launch of New European Union Allowance (EUA) and Certified...

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Tue Jun 16, 2009 5:37pm EDT

CME Group Announces the Launch of New European Union Allowance (EUA) and
Certified Emission Reduction (CER) Futures and Options

CHICAGO, June 16 /PRNewswire-FirstCall/ -- CME Group, the world's largest and
most diverse derivatives exchange, today announced the launch of four new In
Delivery Month European Union Allowance (EUA) and Certified Emission Reduction
(CER) futures and options contracts that will be available through CME
ClearPort(R) and the New York trading floor. Clearing services will be
available through CME ClearPort, a set of flexible clearing services open to
over the counter (OTC) market participants to substantially mitigate
counterparty risk and provide capital efficiencies across asset classes.  The
futures contracts will be available beginning on June 21 for trade date June
22 and the options contracts on June 22 for trade date June 23. These
contracts are listed for trading by NYMEX through CME ClearPort, and are
subject to NYMEX rules and regulations.  

"These new green products reflect the needs of the customers who trade in this
dynamic and evolving space," said CME Group Managing Director of Products and
Services Rick Redding.  "We have been working with the industry to develop
products that will mitigate risk, while providing opportunities to trade in
their venue of choice, utilizing both our electronic and open outcry
platforms."

The EUA and CER contracts will be 1,000 units in size with a minimum price
fluctuation of euro 0.01 per EUA. The futures contracts will expire on the
last Monday of the delivery month.  The European style options contracts will
expire three business days prior to the expiration of the underlying futures
contracts. The new contracts and their commodity codes will be: in delivery
month EUA futures (6T); in delivery month EUA options (6U); in delivery month
CER futures (6S); in delivery month CER options (6P). The termination and
delivery dates differentiate these contracts from the existing EUA and CER
futures and options contracts, which will continue to be available for
trading.  

It is intended that these products will be listed for trading as part of the
Green Exchange venture once that venture has sought and achieved appropriate
regulatory status. Green Exchange venture will be working with U.S. and
European regulators and intends to seek recognition in the U.S. as a
designated contract market and approval from the FSA in the U.K.  CME Group is
one of the founding members of Green Exchange Holdings LLC. 

For more information, please visit www.cmegroup.com. 

CME Group (www.cmegroup.com) is the world's largest and most diverse
derivatives exchange.  Building on the heritage of CME, CBOT and NYMEX, CME
Group serves the risk management needs of customers around the globe.  As an
international marketplace, CME Group brings buyers and sellers together on the
CME Globex electronic trading platform and on trading floors in Chicago and
New York.  By acting as the buyer to every seller and the seller to every
buyer, CME Clearing virtually eliminates counterparty credit risk.  CME
Clearing also offers financial safeguards to help mitigate systemic risk,
providing the security and confidence market participants need to operate,
invest and grow.  CME Group offers the widest range of benchmark products
available across all major asset classes, including futures and options based
on interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, and alternative investment products such as weather and
real estate.  CME Group is listed on NASDAQ under the symbol "CME."

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini
and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc.  CBOT and
Chicago Board of Trade are trademarks of the Board of Trade of the City of
Chicago.  NYMEX and New York Mercantile Exchange are trademarks of New York
Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. 
All other trademarks are the property of their respective owners.  Further
information about CME Group and its products can be found at www.cmegroup.com.
 

CME-G


SOURCE  CME Group

Media, Anu Ahluwalia, +1-212-299-2439, or Allan Schoenberg, +1-312-930-8189,
news@cmegroup.com, or Investors, John Peschier, +1-312-930-8491, all of CME
Group
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