CME Group launch of 6 new WTI Houston Crude Oil.
By Sums on Wednesday,
CME Group Inc., the world’s leading and most diverse derivatives marketplace, recently announced the introduction of six new West Texas Intermediate (WTI) Houston (Argus) crude oil futures. CME Group launch of 6 new WTI Houston Crude Oil.
These new futures contracts with cash settlement are admitted to trading on Globex CME submission for clearing through CME ClearPort from February 8, 2016, to all relevant regulatory review periods available. This contract and subject to the rules and regulations of NYMEX are. These contracts are more than three consecutive years listed every year. They are designed to complement the North American benchmark crude contracts existing degree of CME Group and allow to more accurately manage the market participants their risk with increasing volume of transactions WTI in Houston.
“The recent lifting of the ban on exports of crude oil to the United States, the increase in mawill be recordedrket volatility and changes in the infrastructure have increased demand for the products of the Gulf Coast undermined,” said Peter Keavey, CEO of CME Group Energy products. “The launch of six new contracts for WTI Houston provides our customers with greater ability in the rapidly changing market WTI part and meet their business needs and overall risk management.” The contract size is 1,000 barrels with minimal change in the value of $ 0.01 per barrel.