CHICAGO, April 27, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of Weekly Grain Options on Corn, Wheat and
Soybeans futures to begin trading May
23. These contracts are listed with, and subject to, the
rules and regulations of CBOT.
"Agricultural customers in particular are subject to short-term
event risk, whether it's a key upcoming USDA report or weekend
weather during the growing season," said Tim Andriesen, Managing Director, Agricultural
Commodities and Alternative Investments, CME Group. "Our new weekly
corn, wheat and soybean options, combined with our existing monthly
and serial options, provide customers with much greater flexibility
to manage risk associated with these events, while enabling them to
benefit from the lower cost associated with short-dated
options."
Weekly Grain Options on Corn, Wheat and Soybean futures will be
American style and will be listed for electronic trading on CME
Globex and open-outcry. Expirations will be every Friday, except
for those Fridays when standard or serial options are scheduled to
expire. The exchange will list three Weekly Grain Options
concurrently for each futures contract.
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
world's leading central counterparty clearing provider in the
world, which offers 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.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered 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.
CME-G
SOURCE CME Group