CME lists first biodiesel futures swap on NYMEX
November 25, 2011
| admin
In Houston, CME Group has listed the first-ever US biodiesel swap future, based on Houston biodiesel prices published by international energy price reporting agency Argus.
The new swap future is available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort as of 21 November.
The new swap future is the first US-based biodiesel derivatives market instrument to launch in the US. The swap future reflects the value of Houston barge and rail volumes of soy methyl ester with 100 percent purity, and follows the successful launch of the Argus Rotterdam biodiesel swap future.
Category: Fuels
