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

New for traders: Commodities

Tokyo Grain Exchange (TGE) launched rice futures on August 8. The rice futures contract began trading with November 2011, December 2011 and January 2012 contract months, and a total of 19 rice brands used as the underlying.

Eurex announced it will be offering futures and options on two commodity ETPs (exchange traded products) launched by ETF Securities: Physical gold and crude oil.

The New York Mercantile Exchange, Inc. expanded the listing of contract months for its New York Harbor Heating Oil futures (HO) and New York Harbor Ultra-Low Sulfur Diesel (ULSD) futures (LH) contracts listed on CME Globex, NY trading floor and CME ClearPort.

IntercontinentalExchange (ICE) announced the successful launch of BRIX, a Brazilian marketplace for electric power.

CME Group listed Micro Crude Oil futures (MCL) and Micro Brent Crude Oil futures (MBZ) for trading on NYMEX and submission for trading through CME Clearport.

ICE will close Chicago Climate Futures Exchange, its money-losing US emissions derivatives platform. ICE also aims to start listing derivatives related to emissions reductions in New Jersey, Massachusetts, Connecticut and California, together with a sulfur-based contract.

ICE announced the launch of 21 new OTC North American emissions contracts.

The Singapore Mercantile Exchange (SMX) launched the world’s first iron ore futures contract on August 12. The contract is settled based on the Metal Bulletin Iron Ore (MBIO) Index, which is a good reflection of the seaborne merchant market for sinter fines delivered to China, which makes up approximately more than $100b of the $200b a year iron ore market.

ICE announced the launch of ICE Low Sulphur Gasoil Futures and Options contracts on ICE Futures Europe.

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