CME Group Announces First Trades of Physically-Delivered Ethanol Futures & Options
CME Group has launched new physically-delivered Ethanol futures and options, with the first five futures contracts traded on February 7, 2025. The contracts are sized at 42,000 gallons, aligning with CME's benchmark RBOB Gasoline futures and NY ULSD Heating Oil futures.
The new contracts feature enhanced specifications and complement CME's existing renewable fuel products portfolio. They are designed to help gasoline blenders and commercial users hedge price exposure and manage differentials between refined products more effectively.
The Denatured Ethanol futures and options are listed by and subject to NYMEX rules, offering market participants flexibility in delivery options. This launch strengthens CME Group's position as the world's leading derivatives marketplace, adding to its comprehensive range of global benchmark products across major asset classes.
CME Group ha lanciato nuovi contratti a termine e opzioni su etanolo fisicamente consegnato, con i primi cinque contratti a termine negoziati il 7 febbraio 2025. I contratti hanno una dimensione di 42.000 galloni, in linea con i contratti a termine di riferimento RBOB Gasoline e NY ULSD Heating Oil di CME.
Questi nuovi contratti presentano specifiche migliorate e completano il portafoglio di prodotti di combustibili rinnovabili esistente di CME. Sono progettati per aiutare i miscelatori di benzina e gli utenti commerciali a coprire l'esposizione ai prezzi e gestire in modo più efficace i differenziali tra i prodotti raffinati.
I contratti a termine e le opzioni su etanolo denaturato sono quotati e soggetti alle regole di NYMEX, offrendo ai partecipanti di mercato flessibilità nelle opzioni di consegna. Questo lancio rafforza la posizione di CME Group come il principale marketplace di derivati a livello mondiale, aggiungendo alla sua gamma completa di prodotti di riferimento globali attraverso le principali classi di attività.
CME Group ha lanzado nuevos contratos de futuros y opciones de etanol entregado físicamente, con los primeros cinco contratos de futuros negociados el 7 de febrero de 2025. Los contratos tienen un tamaño de 42,000 galones, alineándose con los contratos de futuros de referencia de RBOB Gasoline y NY ULSD Heating Oil de CME.
Los nuevos contratos presentan especificaciones mejoradas y complementan el portafolio existente de productos de combustibles renovables de CME. Están diseñados para ayudar a los mezcladores de gasolina y a los usuarios comerciales a cubrir la exposición a precios y gestionar de manera más efectiva los diferenciales entre los productos refinados.
Los futuros y opciones de etanol desnaturalizado están listados y sujetos a las reglas de NYMEX, ofreciendo a los participantes del mercado flexibilidad en las opciones de entrega. Este lanzamiento refuerza la posición de CME Group como el principal mercado de derivados en el mundo, añadiendo a su gama integral de productos de referencia globales en las principales clases de activos.
CME 그룹은 물리적으로 인도된 에탄올 선물 및 옵션을 새롭게 출시했으며, 첫 번째 다섯 개의 선물 계약은 2025년 2월 7일에 거래될 예정입니다. 계약의 크기는 42,000 갤론으로, CME의 기준 RBOB 가솔린 선물 및 NY ULSD 난방유 선물과 일치합니다.
새로운 계약은 향상된 사양을 특징으로 하며 CME의 기존 재생 연료 제품 포트폴리오를 보완합니다. 이들은 가솔린 혼합기 및 상업적 사용자가 가격 노출을 헷징하고 정제된 제품 간의 차이를 보다 효과적으로 관리하도록 설계되었습니다.
탈지 에탄올 선물 및 옵션은 NYMEX 규칙에 따라 상장되며, 시장 참여자에게 배송 옵션의 유연성을 제공합니다. 이번 출시는 CME 그룹이 세계 최고의 파생상품 시장으로 자리매김할 수 있도록 강화하며, 주요 자산 클래스 전반에 걸친 포괄적인 글로벌 기준 제품 범위를 추가합니다.
CME Group a lancé de nouveaux contrats à terme et options sur éthanol livré physiquement, avec les cinq premiers contrats à terme échangés le 7 février 2025. Les contrats sont dimensionnés à 42 000 gallons, en accord avec les contrats à terme de référence RBOB Gasoline et NY ULSD Heating Oil de CME.
Les nouveaux contrats présentent des spécifications améliorées et complètent le portefeuille existant de produits de combustibles renouvelables de CME. Ils sont conçus pour aider les mélangeurs de gazole et les utilisateurs commerciaux à se couvrir contre l'exposition aux prix et à gérer plus efficacement les différentiels entre les produits raffinés.
Les futurs et options d'éthanol dénaturé sont cotés par et soumis aux règles de NYMEX, offrant ainsi aux participants du marché une flexibilité dans les options de livraison. Ce lancement renforce la position de CME Group en tant que principal marché mondial des dérivés, ajoutant à sa gamme complète de produits de référence mondiaux à travers les principales classes d'actifs.
CME Group hat neue physisch ausgegebene Ethanol-Futures und -Optionen eingeführt, wobei die ersten fünf Futures-Kontrakte am 7. Februar 2025 gehandelt werden. Die Kontrakte haben eine Größe von 42.000 Gallonen, was den Referenzkontrakten von CME für RBOB Benzin und NY ULSD Heizöl-Futures entspricht.
Die neuen Kontrakte bieten verbesserte Spezifikationen und ergänzen das bestehende Portfolio von CME für erneuerbare Brennstoffe. Sie sind darauf ausgelegt, Benzinmischern und gewerblichen Nutzern zu helfen, Preisaussetzungen abzusichern und die Differenzen zwischen raffinierten Produkten effektiver zu verwalten.
Die denaturierten Ethanol-Futures und -Optionen sind an der NYMEX gelistet und unterliegen den Regeln von NYMEX, was den Marktteilnehmern Flexibilität bei den Lieferoptionen bietet. Diese Einführung stärkt die Position der CME Group als weltweit führender Derivatemarkt und erweitert das umfassende Angebot an globalen Benchmark-Produkten über die wichtigsten Anlageklassen hinweg.
- Launch of new physically-delivered Ethanol futures and options expanding product portfolio
- First trading activity recorded with 5 futures contracts
- Strategic alignment with existing RBOB Gasoline and NY ULSD Heating Oil futures (42,000 gallons)
- None.
Insights
The launch of physically-delivered ethanol futures and options by CME Group marks a strategic evolution in energy derivatives trading. The contract specifications of 42,000 gallons create perfect alignment with CME's benchmark fuel contracts, enabling seamless spread trading and arbitrage opportunities across the energy complex.
This product introduction is particularly timely given the growing importance of ethanol in the global fuel mix and increasing volatility in renewable fuel markets. For commercial users, especially gasoline blenders, these contracts provide a important tool for managing basis risk - the price differential between ethanol and other refined products. The physical delivery feature adds credibility to the price discovery process and makes the contracts more attractive to commercial hedgers who need reliable convergence between futures and physical markets.
From a business perspective, this launch strengthens CME's competitive moat in energy derivatives. By offering a comprehensive suite of both traditional and renewable fuel products, CME is positioning itself at the forefront of the energy transition. The successful execution of initial trades suggests strong industry backing, which is important for building the liquidity necessary for contract success.
The implications extend beyond just trading opportunities. These contracts will likely become key price benchmarks for the ethanol industry, potentially influencing physical market pricing mechanisms and improving market efficiency. For investors in CME Group, this represents another potential revenue stream and demonstrates the company's ability to innovate and adapt to evolving market needs.
"We are pleased to see industry support for our latest Ethanol contracts, which have enhanced specifications and are complementary to our existing suite of renewable fuel products," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "Ethanol is an increasingly important component of the transportation fuel mix, and the physically-delivered futures will allow gasoline blenders and other commercial users to hedge their price exposure and more effectively manage the differential between other refined products."
Ethanol futures are sized at 42,000 gallons, which is in line with CME Group's benchmark RBOB Gasoline futures and NY ULSD Heating Oil futures. Ethanol futures offer flexibility to market participants by providing options for delivery.
Denatured Ethanol futures and options are listed by and subject to the rules of NYMEX. For more information, please visit here.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and
CME-G
View original content:https://www.prnewswire.com/news-releases/cme-group-announces-first-trades-of-physically-delivered-ethanol-futures--options-302372420.html
SOURCE CME Group
FAQ
When did CME Group launch its physically-delivered Ethanol futures trading?
What is the contract size for CME's new Ethanol futures?
How do CME's new Ethanol futures benefit market participants?
Which exchange lists CME's new Denatured Ethanol futures and options?
What makes CME's new Ethanol futures different from existing products?
