CHICAGO, Jan. 30,
2025 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced it will launch a suite of
micro grain and oilseed futures contracts on February 24, 2025, pending regulatory review.
These contracts will be cash-settled and one-tenth the size of the
company's Corn, Wheat, Soybean, Soybean Oil and Soybean Meal
futures.
"Our benchmark grain and oilseed futures products are the most
liquid and highly-utilized markets in global agriculture today,"
said John Ricci, Managing Director
and Global Head of Agriculture at CME Group. "These smaller-sized
contracts will provide additional flexibility for market
participants to manage their agricultural portfolios with greater
precision."
"We look forward to the success of CME Group's micro-sized
agricultural futures products," said Steve
Sanders, EVP of Marketing and Product Development at
Interactive Brokers. "CME Group's broad range of micro futures
contracts offer a cost-effective and transparent way for our active
trader and institutional clients to gain exposure to futures
markets. The lower capital requirements of micro futures make it
easier for more participants to trade futures alongside the wide
range of global products available through Interactive
Brokers."
"At Saxo, we are excited to support CME Group's launch of micro
agriculture futures, which will be added to the existing suite of
micro products on our platform," said Samuel Klein, Product Owner, Futures and Options
at Saxo. "These products are key to expanding market opportunities
for retail investors, and their smaller contract sizes enable our
clients to more effectively diversify their portfolios."
"The launch of CME Group's Micro Agriculture contracts marks an
important step toward making agricultural trading more accessible
to a broader spectrum of market participants," said Teyu Che Chern, CEO, Phillip Nova. "We are excited to support this
and look forward to empowering our clients with more tools to
navigate the dynamic agricultural markets."
Micro Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures
will be listed by and subject to the rules of CBOT. For more
information and additional contract specs, please visit
www.cmegroup.com/microags.
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
