From the February 01, 2012 issue of Futures Magazine • Subscribe!
New for traders: Commodities
- The London Metal Exchange (LME) today launched LMEswaps for all of its non-ferrous metals. The financially settled contracts based on the average monthly price are the first of their type to be traded on-exchange in the world and are designed for participants of the physical industry who need to hedge the monthly average price.
- CME Group announced it has expanded its centrally cleared, over-the-counter (OTC) agricultural swap offering through the introduction of eight new grain and oilseed swaps. The new swaps will be available for clearing on February 13, pending regulatory review.