CME Group launches ethylene futures clearing services
The commodity code for the new physically settled contract will be 1F. It will be listed for up to 24 consecutive months beginning with the July 2009 contract and will be settled against prices provided by PetroChem Wire (PCW).
The services will be provided through CME ClearPort, which is open to over-the-counter (OTC) market participants. Contracts will be listed for trading by Nymex through CME ClearPort, subject to Nymex rules and regulations.
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