CHICAGO and OSAKA, Japan , July 26,
2011 /PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, and Osaka Securities Exchange Co.,
Ltd. (OSE), the premier Japanese derivatives and securities
exchange, today announced the companies have expanded their
partnership with a strategic arrangement to cooperate on joint
product development, marketing and promotions.
Under this arrangement, the companies will offer Japanese
yen-denominated products for their global customer base. OSE will
list futures contracts based on the Dow Jones Industrial Average,
and CME Group will offer an E-micro futures contract based on the
Nikkei 225 Average, both denominated in Japanese yen.
The OSE DJIA futures contract will be listed at OSE and traded
on the J-GATE, OSE's derivatives trading platform, subject to OSE
rules and regulations.
The E-micro futures contract will be traded on the CME Globex
platform and listed on and subject to the rules and regulations of
CME. E-micro futures trade at 1/5 the size of the existing CME
Nikkei 225 futures contract. Both products are expected to be
offered by early 2012.
"We are pleased to further build on our strong relationship with
OSE in order to offer customers more risk management and trading
opportunities with leading global equity index benchmarks," said
Craig Donohue, CME Group Chief
Executive Officer. "The addition of yen-denominated futures
based upon the Dow Jones Industrial Average at OSE and the E-micro
Nikkei 225 contract at CME Group will provide market participants
with nearly 24-hour access to global benchmarks sized for their
needs and denominated in their currency of choice."
OSE President & CEO, Michio
Yoneda said, "We believe that cooperation between CME Group,
the world's leading and most diverse derivatives exchange, and OSE,
Japan's largest derivatives
exchange, will be beneficial to investors in Japan and around the world. In addition
to Dow Jones Industrial Average as a first step, OSE will continue
to explore developing attractive futures products based on a
variety of asset classes with CME Group."
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. Further information about CME Group (NASDAQ:
CME) and its products can be found at www.cmegroup.com.
About Osaka Securities Exchange Co., Ltd.
Osaka Securities Exchange Co., Ltd. (OSE) is the Japan's largest derivatives exchange and
operates "JASDAQ", the largest growth market in Japan. In 2010, total trading volume of all
derivative contracts hit the record high of 196,350,000 units.
Especially, Nikkei225 mini, a small-sized stock index futures
contract, has achieved significant growth, whose trading volume
reached 125,110,000 units, increasing by 19.5% from the previous
year. In April 2010, OSE merged
operations with Jasdaq Securities Exchange Inc., and, in
October 2010, integrated "Hercules,"
its existing growth market, and JASDAQ to form the new "JASDAQ"
market with about 1,000 listed companies. OSE is the only listed
exchange in Japan whose shares
have been traded on its own market since April 2004. For more information about OSE,
please visit: www.ose.or.jp/e/
The "Dow Jones Industrial Average(SM)" is a product of Dow Jones
Indexes, the marketing name and a licensed trademark of CME Group
Index Services LLC ("CME Indexes") and has been licensed for
use. "Dow Jones®", "Dow Jones Industrial Average(SM)" and
"Dow Jones Indexes" are service marks of Dow Jones Trademark
Holdings, LLC ("Dow Jones"), and have been licensed to CME Indexes
and sublicensed to and for use for certain purposes by the Osaka
Securities Exchange Co., Ltd. ("OSE"). OSE Dow Jones
Industrial Average (DJIA) Futures based on the Dow Jones Industrial
Average(SM) are not sponsored, endorsed, sold or promoted by CME
Indexes, Dow Jones or their respective affiliates, and CME Indexes,
Dow Jones and their respective affiliates make no representation
regarding the advisability of trading in such product(s).
CME-G
SOURCE CME Group