CHICAGO, Aug. 31, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced it has added weekly options on Soybean Meal, Soybean Oil
and Live Cattle futures to begin trading September 26. Soybean Meal and Soybean Oil
contracts are listed with, and subject to, the rules and
regulations of CBOT. Live Cattle contracts are listed with, and
subject to, the rules and regulations of CME.
"The addition of these three products to our existing suite of
weekly options will enable customers to better manage short-term
risk across a broad array of products," said Tim Andriesen, Managing Director, Agricultural
Commodities and Alternative Investments, CME Group. "This growing
season, market participants have used nearly 150,000 weekly grain
options, in conjunction with our existing monthly and serial
options, to mitigate short-term event risk associated with a number
of adverse weather events and USDA reports."
Weekly Options on Soybean Meal, Soybean Oil and Live Cattle
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 options
concurrently for each Soybean Meal, Soybean Oil and Live Cattle
futures contract.
For additional information on Weekly Options on Agricultural
Futures please visit www.cmegroup.com/weeklyags.
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.
CME-G
SOURCE CME Group