Green Fuels Boom Spurs CME to Consider New Futures to Rival ICE

CME Group Inc., looking for ways to profit from the US green fuels boom, is considering new futures contracts that would put it in more direct competition with Intercontinental Exchange Inc., according to people familiar with the matter.

The US’s largest derivatives exchange is in talks with traders about potential contracts for biofuel credits and a type of soyoil that’s used in renewable diesel, said the people, who asked not to be named citing private discussions. The bourse is also considering restarting its physically delivered ethanol contract, the people said.

The market for renewable fuels is hot in ...