CBOT launches OTC ethanol contracts
The contracts will be the first OTC products to be cleared at CBOT, and are scheduled for launch on December 4, 2006.
The new products represent a first in the rapidly evolving ethanol industry and will include contracts for both forward and previous month calendar swaps. The Board also confirmed that they will be based on the price of CBOT ethanol futures contracts.
With negotiations being made “off exchange,” completed transactions will then be submitted to the exchange’s clearing services
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