CME Group to offer ethanol futures options

By | November 13, 2007
CME Group, the parent company of the world's largest futures exchange, will make its ethanol futures options available for electronic trading on the CME Globex platform in January, in addition to its denatured fuel ethanol options. In October, it began clearing over-the-counter, cash-settled options on denatured ethanol forward-month calendar swaps. The ethanol futures prices will be used in the settlement of ethanol futures options and cash-settled options. Forward-month ethanol swaps, launched in December 2006, will serve as the underlying value for those options.