CHICAGO, Jan 17, 2023 /PRNewswire/ — CME Group, the world’s main derivatives market, right this moment introduced it would increase its suite of weekly choices expire for its Micro e mini Nasdaq-100 and S&P 500 futures with the launch of Monday, Tuesday, Wednesday, and Thursday Weekly choices on February 13, pending regulatory evaluation. These new weekly choices contracts will complement the prevailing Friday Weeklies, Finish-of-Month and Quarterly choices on Micro e mini Nasdaq-100 and S&P 500 futures.
“Micro E-mini Fairness Index futures and choices have change into among the many most actively traded fairness index merchandise at CME Group, attaining a mixed file quantity improve in 2022 of greater than 50% year-over-year,” mentioned paul woolman, Government Director of Fairness Merchandise at CME Group. “As demand for added short-dated fairness choices continues to develop, we’re constructing on our longstanding partnership with Nasdaq and S&P Dow Jones Indices to permit our purchasers to benefit from our deeply liquid underlying futures markets to hedge or commerce with enhanced flexibility and precision.”
Curiosity and buying and selling exercise round Micro E-mini Nasdaq-100 and S&P 500 choices continues to develop, with greater than 6.6 million mixed contracts traded so far. Moreover, the enlargement of those weekly choices builds on the deep liquidity established in Micro E-mini Nasdaq-100 and S&P 500 futures, which each had file common day by day quantity (ADV) years in 2022:
- Document Micro E-Mini Nasdaq-100 futures ADV of 1,453,985 contracts
- Document Micro E-Mini S&P 500 futures ADV of 1,370,415 contracts
“Nasdaq is happy to boost our partnership with CME Group and supply entry to the world’s most revolutionary firms through the Nasdaq-100,” mentioned cameron lilja, Vice President and World Head of Index Product and Operations at Nasdaq. “The Nasdaq-100 represents one of many world’s preeminent large-cap progress indexes, and the enlargement of our suite of choices helps the funding group with extra versatile instruments as traders look to handle threat and meet funding targets.”
“S&P Dow Jones Indices is dedicated to strengthening market transparency via the utilization and liquid ecosystem of its unbiased and rules-based indices such because the S&P 500,” mentioned Tim Brennan, Head of Capital Markets at S&P Dow Jones Indices. “By CME Group providing further expirations primarily based on this iconic and historic benchmark, market contributors could have extra index-related insights on dangers, returns and alternatives within the US fairness markets.”
For extra data on Micro E-mini choices, please go to: www.cmegroup.com/microeminis.
Because the world’s main derivatives market, CME Group (www.cmegroup.com) permits purchasers to commerce futures, choices, money and OTC markets, optimize portfolios, and analyze knowledge – empowering market contributors worldwide to effectively handle threat and seize alternatives. CME Group exchanges provide the widest vary of worldwide benchmark merchandise throughout all main asset lessons primarily based on rates of interest, fairness indexes, overseas alternate, vitality, agricultural merchandise and metals. The corporate affords futures and choices on futures buying and selling via the CME Globex® platform, mounted revenue buying and selling through BrokerTec and overseas alternate buying and selling on the EBS platform. As well as, it operates one of many world’s main central counterparty clearing suppliers, CME Clearing.
CME Group, the Globe brand, CME, Chicago Mercantile Trade, Globex, and, E-mini are logos of Chicago Mercantile Trade Inc. CBOT and Chicago Board of Commerce are logos of Board of Commerce of the Metropolis of Chicago, Inc. NYMEX, New York Mercantile Trade and ClearPort are logos of New York Mercantile Trade, Inc. COMEX is a trademark of Commodity Trade, Inc. BrokerTec and EBS are logos of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The five hundred are logos of Customary & Poor’s Monetary Companies LLC; Dow Jones®, DJIA® and Dow Jones Industrial Common are service and/or logos of Dow Jones Trademark Holdings LLC These logos have been licensed to be used by Chicago Mercantile Trade Inc. Futures contracts primarily based on the S&P 500 Index should not sponsored, endorsed, marketed or promoted by S&P DJI, and S&P DJI makes no illustration concerning the advisability of investing in such merchandise. All different logos are the property of their respective house owners.
SOURCE CME Group