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OSE aims to launch CME Group petroleum Index Futures in 3rd quarter of 2021

Updated: Dec 8, 2020

Osaka Exchange, a subsidiary of Japan Exchange Group Inc., is now preparing to launch a "CME Group Petroleum Index Futures" contract targeting the 3rd quarter of 2021. OSE has been in a public comment procedure since late September, OSE aims to start trading on the go-live date of J-Gate 3.0, OSE's newest trading system, scheduled for launch in the same period. CME Petroleum Index is an index calculated and distributed by CME Group, and it is comprised of three of its products currently trading on NYMEX: WTI Crude Oil futures, NY Harbor RBOB Gasoline futures, and NY Harbor ULSD futures. The weighting of each component within the Petroleum Index is set as follows: NYMEX WTI Crude Oil 72%, NYMEX RBOB Gasoline 13%, and NYMEX NY Harbor ULSD 15%. The weightings will be reviewed annually. OSE expects that the Petroleum Index Futures will enable individual investors to diversify their portfolios managed in Japanese yen and provide opportunities for WTI-linked ETF investors to hedge their positions.

Please see the following documents for more information.

OSE Outline of CME Group Petroleum Index
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