Parity Energy is pleased to announce the launch of Short Term Options (STO) in WTI, Natural Gas, and Gold on the Parity Energy Platform (PEP). By expiring every business day except on standard option expiration and being listed 5 business days forward at a time, STOs allow market participants to manage short-term event risk, such as weekly storage numbers, weather events, natural disasters and macroeconomic incidents. STOs clear through CME ClearPort. See the following linksfor product specifications and related information:
Short Term Crude Oil WTI Options
Short Term Natural Gas Options
Short Term Gold Options
“Parity Energy is the leading marketplace for same-day options in crude oil and natural gas,” says Lou Pellathy, VP Brokerage at Parity Energy. “We are excited to expand our offering to include short-term options, which we see as a cost-effective way for our customers to manage their short-term risk”.
To begin trading STOs on PEP, please:
- Contact your clearing agent to get enabled for STOs.
- Ensure your back-office and trade capture system accepts STOs. For reference, symbols are U01-U31 (NG); C01-C31 (WTI); L01-L31 (Gold).
- Call CME ClearPort at +1-800-438-8616 to ensure Parity Energy is set up as a broker.
- If you are are not already set up for PEP, please contact Parity Energy at +1-212-227-2272 or info@parityenergy.com.
For more information about Parity Energy and to see sample STO settlement calendars, please view slides from the CME Group-Parity Energy STO presentation.