CHICAGO, Sept. 15, 2021 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced it will launch E-mini Russell 2000
Monday and Wednesday Weekly options on October 4, pending regulatory review. These
new options contracts will complement the existing Friday Weekly,
End-of-Month and Quarterly options on Russell 2000 futures.
"As the demand for more short-dated options continues to grow,
we are expanding our product suite to allow our clients to hedge or
trade with enhanced flexibility around major market-moving events,"
said Tim McCourt, CME Group Global
Head of Equity Index and Alternative Investment Products. "Weekly
options on our deep, liquid underlying futures contracts also
provide market participants with a more cost-effective and
efficient toolset to manage risk in the small-cap segment."
"With around $10.6 trillion in AUM
benchmarked against the Russell US indexes, FTSE Russell, in
collaboration with CME Group, are committed to continuing to
develop the underlying risk management markets in the Russell
indexes," said Ricardo Manrique,
FTSE Russell's Head of Derivatives Strategy. "The E-mini Russell
2000 options provide a highly efficient and cost-effective way to
gain market exposure to U.S. small caps, and this latest
expansion of the Russell index derivatives complex on CME reflects
both the strength of the FTSE Russell index franchise and the
ability of CME Group to meet client needs with innovative
solutions."
Similar to their counterparts, these new weekly options will be
European-style, with a 4 p.m. ET
expiry on Mondays and Wednesdays. These contracts are E-mini sized
option contracts with a $50
multiplier.
For more information on E-mini Russell 2000 Weekly options,
please see www.cmegroup.com/Russellweeklyoptions.
As the world's leading and most diverse 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. Dow Jones, Dow
Jones Industrial Average, S&P 500 and S&P are service
and/or trademarks of Dow Jones Trademark Holdings LLC, Standard
& Poor's Financial Services LLC and S&P/Dow Jones Indices
LLC, as the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group