Friday, November 24, 2006 2:26:44 AM
November 21st & 22nd NYMEX announced contract specs for RBOB Gasoline (Reformulated Blendstock for Oxygenate Blending) options and swap futures that will begin trading Nov 26th. Included on the list of contracts are those useful for pretty granular hedging around refining assets and possible arbitrage opportunities to play EIA petroleum inventory reports (see this for an example: http://www.cattlenetwork.com/content.asp?contentid=32346). See the Nymex website for 2006 News Releases for info if interested.
What I forsee is the constant development of a depth of commodity-related products, useful for a variety of participants, designed to fuel NYMEX's revenue growth.
Long & strong.
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