The New York Mercantile Exchange, Inc.(NYMEX) announced Wednesday that it will launch its new alternative energy equity index futures contract on Chicago Mercantile Exchange Globex and NYMEX ClearPort.
This contract is scheduled to launch on Sept. 30 for trade date Oct. 1.
The contract will be based on the Ardour Global XL Index, which is comprised of 30 well-capitalized, liquid and publicly traded companies, and seeks to provide exposure to a range of businesses that contribute to the growth and development of the alternative energy industry.
The contract will be cash-settled, and the commodity code will be AX. Four initial months will be listed on a March, June, September and December cycle beginning with December 2007.
Source: Xinhua
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