CHICAGO, June 2, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, has
announced today that it will launch Euribor futures and options on
CME Globex beginning in the second half of 2011. This further
diversifies CME Group's non-dollar short term interest rate (STIR)
product portfolio and gives customers access to CME Group's deeply
liquid interest rate complex as well as its fast and reliable CME
Globex platform. This contract will be listed with, and
subject to, the rules and regulations of CME.
"We have a proven track record of effectively building liquidity
across maturities, successfully expanding our product portfolio and
innovating new products," said Bryan
Durkin, CME Group Managing Director and Chief Operating
Officer. "Our Eurodollar futures volumes are growing much
faster than those of our nearest competitors' short term interest
rate products, and we will continue to pursue further growth by
building liquidity in our new Euribor futures and options
contracts."
"We are adding Euribor futures and options in response to strong
customer demand for the ability to trade U.S. and European STIR
products on the same platform creating operational efficiencies,
trading and spreading opportunities," said Derek Sammann, CME Group Managing Director of
Interest Rates and FX Products. "Euribor is a natural
extension of our hugely successful Eurodollar futures and options
complex and compliments our recently launched Sovereign Yield
Spread futures contract. By putting Euribor futures and
options on CME Globex with our deeply liquid interest rate product
suite, our customers will realize more trading opportunities,
greater capital savings and operational efficiencies."
CME Group is the leading marketplace for interest rate futures
and options on futures including U.S. Treasuries and Eurodollars.
Its Eurodollar futures volumes are more than two times larger
than NYSE Liffe Euribor futures. Eurodollar futures open
interest is nearly three times larger.
CME Group's Euribor products will offer an easy way to hedge
global interest rate exposure, providing our customers with greater
risk management flexibility. The key benefits include:
- Easy Access: CME Group Euribor futures will be
plug-and-play for our customers, leveraging our existing clearing
firm infrastructure and CME Globex technology.
- Operational and Cost Efficiencies: Customers will
benefit from margin offsets of up to 75 percent between Euribor,
Eurodollar and Treasury products, as well as competitive
transaction and clearing fees.
- Global Distribution: Customers gain access to our fast,
reliable CME Globex network, broad global trading community and the
world's most diverse suite of listed and OTC financial
products.
To view a video discussion of Euribor futures with Derek Sammann, visit:
http://cmegroup.mediaroom.com/index.php?s=129. For additional
information about CME Group's Euribor futures and options, click
here.
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 providers, 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