New York Mercantile Exchange has introduced two additional natural gas basis swap futures contracts for trading its ClearPort platform. One is based on the differential between gas in Waha, Texas, and the Exchange's benchmark Henry Hub natural gas futures contract; the other is based on the differential between the Colorado Interstate Gas Company (CIG) Rocky Mountains price and the Henry Hub futures contracts.
Chicago Board Options Exchange (CBOE) announced it has entered into a license agreement giving Boston-based Rampart Investment Management, the right to use the CBOE BuyWrite Monthly Index (BXM) as the strategic basis for a new options investment vehicle. Introduced by CBOE in April 2002, the BXM is a benchmark index that measures the performance of a theoretical portfolio of long Standard & Poor's 500 Index stocks, and short S&P 500 Index call options (SPX) against the portfolio. Dividends received are included in the performance.
Chicago...