CHICAGO, Oct. 2, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced plans to launch options on six E-mini
Select Sector futures, as well as on Dow Jones U.S. Real Estate
Index futures, on October 28, pending
regulatory review.
"These new options on our liquid sector futures are designed to
help clients manage volatility in individual equity sectors,
particularly amid significant dispersion across sectors this year,"
said Paul Woolman, Global Head of
Equity Index Products at CME Group. "In addition to our existing
suite of sector products, these options will provide added
flexibility and capital efficiencies that market participants rely
on to increase or decrease exposure to various segments of the
broader equity market. In today's market, not only does index
choice matter, but sector choice matters as well."
Options will be available on the following futures
contracts:
- E-mini S&P Select Sector Stock Energy Index futures
- E-mini S&P Select Sector Stock Financial Index futures
- E-mini S&P Select Sector Stock Health Care Index
futures
- E-mini S&P Select Sector Stock Industrial Index
futures
- E-mini S&P Select Sector Stock Technology Index
futures
- E-mini S&P Select Sector Stock Utilities Index futures
- Dow Jones U.S. Real Estate Index futures
"Through its longstanding collaboration with CME Group, S&P
Dow Jones Indices is expanding the utilization of its indices in
global financial markets, serving as essential building blocks to
support a healthy and liquid ecosystem of products that are
tracking its trusted benchmarks," said Tim
Brennan, Global Head of Capital Markets at S&P Dow Jones
Indices. "The S&P Select Sector indices, along with the Dow
Jones U.S. Real Estate Index, enables traders, investors, and other
market participants to focus on more targeted market segments as
they look to mitigate risks, navigate volatility, and express their
views on specific sectors against the broader market."
CME Group's existing Sector futures product suite, which
includes the E-mini Select Sectors Index futures, E-mini Dow Jones
Real Estate Index futures and E-mini Nasdaq Biotech Index futures,
have been growing significantly over the last few years, with
2024-to date average daily volume at a record 21,000 contracts and
open interest at a record 267,000 contracts.
For more information on these products, please visit
www.cmegroup.com/sectoroptions.
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
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SOURCE CME Group