CME to launch new gasoil, natural gas liquids and plastics contracts

CME Group has announced the launch of new gasoil options and plastics futures contracts, as well new natural gas liquid swaps.

European-style options on the European gasoil bullet swaps futures contract will be available for 36 months starting with the November 2008 contract. Average price options on the European gasoil calendar swaps futures contract will be listed for the balance of the current year, plus each calendar month for the following two years.

The contracts will be available from 2 November for a trade date of 3 November on Clearport and the New York trading floor and the bullet swap contract expires one day

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