CHICAGO, Aug. 18,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced it plans to launch
options on Ether futures on September
12, pending regulatory review.
These new contracts deliver one ether futures, sized at 50 ether
per contract, and based on the CME CF Ether-Dollar Reference Rate,
which serves as a once-a-day reference rate of the U.S. dollar
price of Ether. These new contracts will also expand CME Group's
existing suite of Cryptocurrency options contracts, which include
Bitcoin options, as well as micro-sized Bitcoin and Ether
"The launch of these new options contracts builds on the
significant growth and deep liquidity we have seen in our existing
Ether futures, which have traded more than 1.8 million contracts to
date," said Tim McCourt, Global Head
of Equity and FX Products, CME Group. "As we approach the highly
anticipated Ethereum Merge next month, we continue to see market
participants turn to CME Group to manage ether price risk. Our new
Ether options will offer a wide array of clients greater
flexibility and added precision to manage their ether exposure
ahead of market moving events."
"TP ICAP Digital Assets is excited to support CME Group in the
roll out of its full-sized Ether options contract. This
larger-sized Ether option, in tandem with the already popular Micro
Ether option, has been eagerly awaited by TP ICAP's customers, said
Sam Newman, Digital Assets Head of
Brokering at TP ICAP. "With the upcoming Ethereum protocol merge,
we expect this new contract to see significant interest from
both our traditional customers as well as crypto native clients. As
part of the world's largest IDB, TP ICAP Digital Assets has
supported CME Group's Cryptocurrency suite since our launch in 2019
and will continue to do so as we move into the next phase of
"Akuna is excited to support the launch of Ether options from
CME Group," said Ryan Duckworth,
Akuna Capital Head of Trading – U.S. "As the demand for crypto
derivatives increases, we look forward to providing liquidity to
allow customers to hedge risk and manage exposure to ether."
CME Group's standard- and micro-sized Ether futures contracts
have experienced tremendous growth and continue to provide
consistent liquidity, volume, and open interest for clients.
Ether futures trading highlights include:
- July average daily volume (ADV) of 7.9K contracts, and open interest (OI) of
3.9K contracts. July OI represented
an increase of more than 7% over June.
- Record Q2 ADV of 6.7K contracts
and OI of 3.5K contracts. Q2 ADV
represented an increase of more than 27% over Q1.
Micro Ether futures trading highlights include:
- July ADV of 25.7K contracts, up
more than 41% from June, and OI of 47K contracts, a 43% increase over June.
- Record Q2 ADV of 21.3K contracts,
up 12% versus Q1.
- Record OI of 47.8K contracts,
representing a more than 34% increase in OI over Q1.
For more information on this product, please visit
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
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SOURCE CME Group