- For the first time, traders will be able to express a view
on where E-mini S&P 500 and E-mini Nasdaq-100 futures will
settle at the end of every quarter and year
CHICAGO, Jan. 9, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will launch event contracts with
quarter- and year-end expiries for E-mini S&P 500 and E-mini
Nasdaq-100 futures on January 29,
pending regulatory review. The new longer-horizon contracts will
provide market users with another unique opportunity to express
their views on the direction of these equity indices.
"Event contracts on E-mini S&P 500 and E-mini Nasdaq-100
futures are among the most highly traded of our event product
suite, representing 33% and 20% of the volume, respectively," said
Tim McCourt, Global Head of
Financial & OTC Products at CME Group. "These new contracts
featuring longer expiries at quarter- and year-end will give
traders a way to express their views on market direction at key
economic-cycle intervals – with the added benefit of more
opportunities to trade in and out of a position leading up to
expiry. We're pleased that our expanded suite of event contracts
will continue to provide innovative, lower-cost tools for
participating in CME Group's futures markets."
"We are excited to see the growth of the CME Group's event
contracts offering," said Ryan
Duckworth, CEO of Akuna Capital – U.S. "The quarterly and
annual contracts will give investors the opportunity to choose the
best time frame for their strategies without worrying about opening
a new position daily. We are honored to be a part of CME Group's
success as a liquidity provider in event contracts."
"We are pleased to support CME Group's launch of longer-dated
event contracts on E-mini S&P 500 and E-mini Nasdaq-100
futures," said Steve Sanders, EVP of
Marketing and Product Development at Interactive Brokers. "Event
contracts give investors a simple way to access key futures
markets, and our active trader clients seeking to trade event
contracts on these popular equity indices will benefit from the
greater flexibility offered by the new quarter- and year-end
expiries."
"NinjaTrader is excited to continue its support for CME Group's
evolving event contract product suite," said Martin Franchi, CEO of NinjaTrader. "We are
confident in the market appeal of these products, which offer both
a cost-effective and straightforward way for retail traders to
access dynamic financial markets. This evolution of the product
suite will continue to broaden the appeal of these new and
innovative products."
CME Group event contracts enable individuals to take a position
on up or down price moves in some of the world's most widely quoted
benchmark futures markets with the certainty of knowing their
maximum potential profit or loss when placing a trade. Also
effective January 29, the maximum
payout for event contracts will be $100.
CME Group event contracts are listed with and subject to the
rules of CME. For more information on this product, please see:
www.cmegroup.com/ecfaq.
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 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
View original
content:https://www.prnewswire.com/news-releases/cme-group-to-launch-longer-dated-event-contracts-on-january-29-302029781.html
SOURCE CME Group