CHICAGO, June 25,
2024 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that its new U.S.
Credit futures have traded 415 contracts since their launch on
June 17.
"In just one week since launch, our credit futures are
generating strong trading activity as clients turn to more capital
efficient ways to manage their duration risk and U.S. credit
exposure," said Agha Mirza, CME
Group Global Head of Rates and OTC Products. "These products have
already provided bid-offer spreads lower than 0.1% of index points,
as well as offered access to an anonymous, centralized marketplace
with significant potential margin offsets."
"We welcome the new credit index futures at CME Group," said
Matthew Angelucci, Portfolio Manager
at PGIM Fixed Income. "The opportunity to isolate credit or
duration risk while benefiting from margin offsets with CME Group's
deeply liquid futures markets enables us to hedge our portfolios
and provide greater liquidity to a greater number of clients."
CME Group credit futures are the first futures contracts to help
market participants manage duration risk through an intercommodity
spread with U.S. Treasury futures. In addition, for the first time
ever, investors can gain exposure to and manage credit component
risk through futures on Bloomberg's duration-hedged index. Clients
can benefit from automatic margin offsets against CME Group's
Interest Rate and Equity Index futures.
For more information, please visit www.cmegroup.com/credit.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index and
the S&P 500 Dividend Points Index (Annual) are products of
S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P
500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of
Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and
Dow Jones Industrial Average are service and/or trademarks of Dow
Jones Trademark Holdings LLC. These indices and trademarks have
been licensed for use by Chicago Mercantile Exchange Inc. Futures
contracts based on the Indices are not sponsored, endorsed,
marketed, or promoted by S&P DJI, and S&P DJI makes no
representation regarding the advisability of investing in such
products. All other trademarks are the property of their respective
owners.
CME-G
View original
content:https://www.prnewswire.com/news-releases/cme-group-us-credit-futures-exceed-400-contracts-in-first-week-of-trading-302181726.html
SOURCE CME Group