Platts to launch Chicago ethanol swaps

Platts will launch Chicago ethanol swap assessments for the first two calendar months.

The Chicago ethanol swap is settled on the calendar month average of the Platts spot Chicago ethanol terminal assessments.

The Chicago ethanol swap trades in lots of 1,000 barrels.

These swaps will be published on PGA pages 597 and 427, PCA page 875, and in US Marketscan, Platts Oilgram Price Report (OPR) and Refiner.

Launch date is scheduled for October 3, 2011.