Rim Intelligence "DES Japan Futures" listed on NYMEX
Feb 22, 2016
Rim Intelligence Co (Head office: Tokyo, President: Hisako Mori, hereunder "Rim"), is pleased to announce that "DES Japan" published in the Rim LNG report is listed on Feb 22 as "LNG DES Japan (Rim) Futures" on the New York Mercantile Exchange (NYMEX) operated by CME Group. The new contract is available for trading with clearing services provided by CME ClearPort, part of the CME Group. Rim signed a license agreement with CME Group in September 2015. Under the agreement, a license is granted to CME Group to use "DES Japan" prices published in the Rim LNG report. CME Group is currently providing clearing services for petroleum products prices in the Japan domestic waterborne market published by Rim, the first time that it is involved in yen-based energy trading.
"We hope that the launch of the LNG DES Japan (Rim) Futures will provide players involved in the LNG business with a wider range of trading options, including risk hedging opportunities," said Hisako Mori, President of Rim. "As Japan is the largest LNG importer in the world, DES Japan as a price index could well play an essential role in LNG trading going forward."
About CME Group
CME Group is the largest futures and options exchange in the world with exchanges including the Chicago Mercantile Exchange and the New York Mercantile Exchange under its umbrella. With its head office in Chicago, it handles a wide range of commodities including energy-related products such as WTI and Brent crude, natural gas, heating oil, and non-energy products such as grains, metals and properties.
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Email: info@rim-intelligence.co.jp