CHICAGO, March 17,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that Micro E-mini Equity
Index futures surpassed 2 billion contracts traded across all four
indices on March 14.
Micro E-mini Equity Index futures became available for trading
across four U.S. indices – S&P 500, Nasdaq-100, Russell 2000
and Dow Jones Industrial Average – in May of 2019.
"At just over three years old, Micro E-mini Equity Index futures
have quickly established themselves as some of the most actively
traded and deeply liquid equity index products at CME Group," said
Tim McCourt, Global Head of Equity
and FX Products at CME Group. "At one-tenth the size of our
benchmark E-mini equity index contracts, these micro-sized futures
allow market participants to hedge or trade with enhanced
flexibility around major market-moving events by executing trading
strategies more nimbly and scaling index exposure up or down."
"For generations, the S&P 500 has been widely regarded as
the best single gauge of the U.S. equity market. The first
index-linked products such as exchange-traded funds, futures, and
options in the U.S. were based on S&P Dow Jones Indices, and
the index remains a leader by index-linked assets to this day,"
said Tim Brennan, Head of Capital
Markets at S&P Dow Jones Indices. "We congratulate CME Group
for reaching another significant market milestone which reinforces
the ongoing strength of the S&P 500 and its highly liquid
ecosystem and demonstrates the indispensable role independent and
transparent benchmarks play in the capital markets."
"Nasdaq congratulates CME Group on reaching the 2 billion
contracts trading milestone," said Sean
Wasserman, Vice President and Global Head of Index &
Advisor Solutions at Nasdaq. "Our partnership with CME Group is
founded on developing innovative products to help investors manage
risk and meet investment objectives based on the Nasdaq-100,
representing the world's most innovative companies playing an
important role in our society and economy."
"FTSE Russell congratulates CME Group on reaching this
significant milestone of 2 billion contracts traded across its
Micro E-mini derivatives complex," said Shawn Creighton, Director of Index Derivatives
Solutions for FTSE Russell. "As our valued, long-term partner, we
are proud to have supported CME Group in such an achievement and
look forward to continuing our collaborative work on growing the
Russell 2000 product suite. Since its introduction in 1984, the
Russell 2000 Index has been widely viewed as the leading benchmark
for small cap performance, serving as the basis of investable
products. The Micro E-Mini Russell 2000 futures and options suite
provides investors access to highly liquid and efficient U.S. small
cap equity risk management tools."
At their launch, Micro E-mini Equity Index futures contracts
became one of the most successful new product launches in CME
Group's nearly 180-year history. Since then, due to the ongoing,
strong support of clients, index partners, and the broker and
intermediary communities, these contracts continue their tremendous
growth trajectory. Additional highlights include:
- 2.73 million contracts in average daily volume in
2023-to-date
- 20% of volume occurs outside of U.S. trading hours
- More than 324 firms and 172,000 unique accounts have traded
these contracts in the last year
For more information on Micro E-mini Equity Index products,
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