CME Group has launched clearing services for six new physically delivered natural gas liquids (NGL) futures contracts, CME Group reports. Clearing services will be available through CME ClearPort, starting July 19 for trade date July 20.

Clearing services for these NGL contracts aim to help domestic producers, end-users, and retailers meet their hedging needs. The first listed month for these contracts will be August 2009. The physical LDH propane and non-LDH propane futures contracts will be listed for 48 consecutive months, while the other contracts will be listed for 36 consecutive months.

For the complete story, click here.