CME Group To Launch Electronic Trading Platform For American Crude

摘要

Reuters reported that international exchange operator CME Group has teamed up with Enterprise Products Partners to launch an electronic trading platform specifically focused on spot contracts for American crude oil for export. Scheduled to go live in March,the platform will offer trading in light sweet crude from Midland,Texas,home of the Permian shale play that significantly helped U.S. producers boost their output to all-time highs,turning the country into the largest oil producer in the world.