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Article: CME Group Announces the Launch of S&P GSCI Crude Oil and Gold Excess Return Index Swaps and Excess Return Forwards.
- Article from:
- PR Newswire
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Oct. 15 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced the launch of cleared over-the-counter (OTC) swaps on the S&P GSCIA' Crude Oil Excess Return and the S&P GSCI Gold Excess Return Indices, as well as Forward contracts for the S&P GSCI Excess Return Index, all scheduled to begin trading November 2.
Clearing will be available through CME ClearPortA', a set of flexible clearing services open to (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. These contracts are listed by CME for clearing only through CME ...