NYMEX to List European-Style Crude Oil, Natural Gas Options on CME Globex

The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc. announced that it will list European-style crude oil and natural gas options contracts, with full user-defined spread functionality, on the CME Globex electronic trading platform beginning on January 20, for trade date January 22. These contracts are currently available for clearing on NYMEX ClearPort.

Additionally, on January 22, the European-style crude oil options contracts will be available for trading on the NYMEX trading floor during normal open outcry hours. European-style natural gas options contracts are currently available for trading on the NYMEX trading floor.

The commodity codes on CME Globex will be LCE for European-style crude oil options and LNE for European-style natural gas options contracts. The commodity codes on NYMEX are LC and LN, respectively.

In order to ensure orderly exercise procedures, no expiring options will be accepted for trading on CME Globex after the close of open outcry trading for these contracts on the NYMEX floor on the day of expiration.

The contract months available for trading on CME Globex will match the current CME Globex listings for the American-style crude oil and natural gas options contracts. For crude oil, the balance of the current year and the next consecutive year; two years of June and December months; and five additional years of December months will be listed. For natural gas, 24 consecutive months will be listed.

All existing strikes for the listed months at the beginning of each trade date will be available for trading on CME Globex.

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Brent Crude Oil : $52.42/BBL 2.12%
Light Crude Oil : $49.51/BBL 2.35%
Natural Gas : $3.17/MMBtu 2.25%
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