CHICAGO, Dec. 6, 2010 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of three new E-micro Forex futures contracts
scheduled for Sunday, December 19,
for trade date Monday, December 20.
These contracts will be listed with, and subject to, the rules and
regulations of CME.
"These three new currency pairs will complement our existing
suite of E-micro Forex contracts and provide our retail customers
with a product that has the right risk/reward ratio for their
financial risk management needs," said Derek Sammann, CME Group's Managing Director of
FX and Interest Rate Products. "We continue to see strong growth in
our existing E-micro contracts with average daily volume up 115
percent versus last year. The main reasons for this growth are CME
Group's highly liquid and transparent markets, better customer
awareness of the benefits of counterparty risk mitigation and our
recent shift to physical delivery, which makes it easier to offset
risk with our standard FX futures contracts."
The new currency pairs include the Canadian dollar, Japanese yen
and Swiss franc and will be quoted in IMM (American) terms, or U.S.
dollars per foreign units. This is in addition to the six existing
E-micro Forex futures contracts launched in 2009, which are quoted
in interbank (European) terms and include the Euro, British pound,
Australian dollar, Japanese yen, Swiss franc and Canadian
dollar.
CME Group's E-micro Forex contracts represent one-tenth the size
of the corresponding FX contracts, making them accessible to active
individual and retail traders and allowing for perfect offsets with
their corresponding standard-size FX futures. The contracts
are physically delivered and exclusively traded on the CME Globex
electronic trading platform.
CME Group is the largest regulated FX marketplace in the world
and offers an innovative global product suite of 52 futures and 31
options contracts. CME FX volume averages 930,000 contracts
per day in 2010, up 49 percent versus 2009, reflecting average
daily notional value of $120 billion.
November E-micro Forex average daily volume was more than 7,800
contracts, up nearly 115 percent compared to November 2009.
More information can be found here:
www.cmegroup.com/forexmicros.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort®. These products and services
ensure that businesses everywhere can substantially mitigate
counterparty credit risk in both listed and over-the-counter
derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group,
Globex, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the
Board of Trade of the City of Chicago. NYMEX and New York
Mercantile Exchange are trademarks of New York Mercantile Exchange,
Inc. COMEX is a trademark of Commodity Exchange, Inc.
All other trademarks are the property of their respective
owners. Further information about CME Group (Nasdaq: CME) and
its products can be found at www.cmegroup.com.
CME-G
SOURCE CME Group