CHICAGO, Jan. 17,
2023 /PRNewswire/ -- CME Group, the
world's leading derivatives marketplace, today announced it will
expand its suite of weekly options expiries for its
Micro E-mini Nasdaq-100 and S&P 500
futures with the launch of Monday, Tuesday, Wednesday, and Thursday
Weekly options on February 13,
pending regulatory review. These new weekly options contracts will
complement the existing Friday Weeklies, End-of-Month and Quarterly
options on Micro E-mini Nasdaq-100 and S&P
500 futures.
"Micro E-mini Equity Index futures and options have become among
the most actively traded equity index products at CME Group,
achieving a combined record volume increase in 2022 of more than
50% year-over-year," said Paul
Woolman, Executive Director of Equity Products at CME Group.
"As demand for additional short-dated equity options continues to
grow, we are building on our longstanding partnership with Nasdaq
and S&P Dow Jones Indices to allow our clients to take
advantage of our deeply liquid underlying futures markets to hedge
or trade with enhanced flexibility and precision."
Interest and trading activity around Micro E-mini Nasdaq-100 and
S&P 500 options continues to grow, with more than 6.6 million
combined contracts traded to date. Additionally, the expansion of
these weekly options builds on the deep liquidity established in
Micro E-mini Nasdaq-100 and S&P 500 futures, which both had
record average daily volume (ADV) years in 2022:
- Record Micro E-Mini Nasdaq-100 futures ADV of 1,453,985
contracts
- Record Micro E-Mini S&P 500 futures ADV of 1,370,415
contracts
"Nasdaq is excited to enhance our partnership with CME Group and
provide access to the world's most innovative companies via the
Nasdaq-100," said Cameron Lilja,
Vice President and Global Head of Index Product and Operations at
Nasdaq. "The Nasdaq-100 represents one of the world's preeminent
large-cap growth indexes, and the expansion of our suite of options
supports the investment community with more versatile tools as
investors look to manage risk and meet investment objectives."
"S&P Dow Jones Indices is committed to strengthening market
transparency through the utilization and liquid ecosystem of its
independent and rules-based indices such as the S&P 500," said
Tim Brennan, Head of Capital Markets
at S&P Dow Jones Indices. "By CME Group offering additional
expirations based on this iconic and historic benchmark, market
participants will have more index-related insights on risks,
returns and opportunities in the U.S. equity markets."
For more information on Micro E-mini options, please visit:
www.cmegroup.com/microeminis.
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 and EBS are
trademarks 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 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 trademarks have been licensed
for use by Chicago Mercantile Exchange Inc. Futures contracts
based on the S&P 500 Index 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
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SOURCE CME Group