From the August 01, 2011 issue of Futures Magazine • Subscribe!

New For Traders: Commodities

CME Group announced the launch of short-term options contracts for gold, crude oil and natural gas that began trading July 16.

Prudential Financial, Inc. announced the completion of the sale of its global commodities business to Jefferies Group, Inc. for $419.5 million.

ICE announced the launch of 18 new cleared OTC energy contracts for North American power, natural gas liquids (NGLs), natural gas and global oil and refined petroleum products.

CME Clearing Europe announced that it will begin clearing a new alternative fuel product, German Specification T2 Ethanol Swaps, and a new vegetable oil product, US dollar-denominated Rapeseed Oil Swaps.

NYSE Euronext announced the extension of its range of indices into the commodity asset class with the launch of four single commodity indices based on its NYSE Liffe Milling Wheat Futures Contract and Cocoa Futures Contract respectively.

CME will launch a coking coal swap futures contract on July 25 in a bid to tap on the increased interest in steep derivatives.

CME plans to expand its daily price limits on CBOT’s corn contracts by 33% to 40 cents/bushel from 30 cents/bushel, after grain markets surged and volatility rose.

Kenya’s Capital Markets Authority (CMA) said that the country’s futures market will likely be ready within two years.

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