New York-CME Group announced October 30 it will launch two new US Gulf Coast sour crude oil contracts, following a decision earlier in the week by Saudi Aramco to price its crude exports to the US against the Argus Sour Crude Index (ASCI). New York Mercantile Exchange parent company CME said it will launch trading and clearing for cash-settled swap futures from November 23 on the ASCI. Under a licensing agreement with Argus Media, CME Group can develop futures, options and over-the-counter offerings on a broad range of Argus products, CME said.
展开▼
