CHICAGO, Jan. 11, 2016 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the first Aluminum Japan Premium (Platts) futures
contracts were traded on Friday, January 8,
2016. A total of 622 futures contracts were traded.
"We are pleased to see some early support for our Aluminum Japan
Premium futures contract," said Young-Jin
Chang, Senior Director of Metals Products, CME Group. "This
new futures contract complements our U.S. and European aluminum
premium futures contracts along with our North American physical
aluminum contract, and we now have a global suite of aluminum
products to better address our customers' risk management
needs."
"We're excited to have traded this new Japanese premium futures
contract," said Andre Marshall,
Founder, Crunch Risk, LLC. "We've seen real industry appetite for
all of these new aluminum premium contracts and we're optimistic
that this latest futures contract can follow the success of the
Midwest and European contracts as participants become more familiar
with using them to manage price risk in their business."
The Aluminum Japan Premium (Platts) futures contract is 25
metric tonnes in size and is cash-settled referencing the Platts
CIF Japan Spot Premium for Aluminum which is published daily in
real-time service Platts Metals Alert and in Platts Metals Daily.
The contract is listed with and subject to the rules and
regulations of COMEX.
For more information on CME Group's metals products, please
visit www.cmegroup.com/metals.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
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Chicago, and through its
London-based CME Europe
derivatives exchange. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions. These
products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
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CME-G
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SOURCE CME Group