CHICAGO, Aug. 13, 2020 /PRNewswire/ -- CME Group and
Nasdaq today announced plans for a new futures contract on the
Nasdaq-100 Volatility Index (VOLQ). CME Group will launch its new
Nasdaq-100 Volatility Index futures contracts on Oct. 5, 2020, pending regulatory review. As the
world's leading and most diverse derivatives marketplace, CME Group
operates the largest equity index futures complex in the world.
Nasdaq is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services.
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"We're pleased to further build on our longstanding, successful
relationship with Nasdaq to offer these new futures contracts on
the innovative Nasdaq-100 Volatility Index," said Tim McCourt, CME Group Global Head of Equity
Index and Alternative Investment Products. "VOLQ futures respond
directly to growing demand for tools to hedge portfolio volatility
exposure or trade at-the-money volatility on a leading global
benchmark equity index, the Nasdaq-100. Additionally, they will
complement our deeply liquid Nasdaq futures and options product
line, including the benchmark E-mini and Micro E-mini Nasdaq-100
contracts."
"The Nasdaq-100 index tracks the world's most innovative
companies and has shown incredible strength and resilience through
its outstanding performance," said Lauren
Dillard, EVP and Head of Nasdaq's Global Information
Services. "The VOLQ index enables investors to track Nasdaq-100
volatility, and CME Group's launch of VOLQ futures is a great step
in bringing more innovative products around market volatility to
investors."
Introduced by Nasdaq in early 2019, the VOLQ Index measures
30-day implied volatility of the Nasdaq-100 Index (NDX), which
helps market participants better understand and manage portfolio
volatility. This real-time volatility index is expressed by the
prices of certain listed NDX options to obtain precise,
at-the-money options prices, which are the most commonly used
options by market participants. This innovative approach allows
volatility traders to use an implied volatility index that focuses
on the options increasingly used by strategists, hedgers and
traders.
For more information on the Nasdaq-100 Volatility Index visit
nasdaq.com/volq.
The new futures contract will be cash-settled based on the VOLQ
Index, with one contract equal to $1,000 multiplied by the index. VOLQ futures will
be listed by and subject to the rules of CME. For more information
on VOLQ futures, please visit cmegroup.com/volq.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board of Trade are trademarks
of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile
Exchange and ClearPort are trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of
BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana,
Inc., respectively. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the
capital markets and other industries. Our diverse offering of
data, analytics, software and services enables clients to optimize
and execute their business vision with confidence. To learn more
about the company, technology solutions and career opportunities,
visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
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SOURCE CME Group and Nasdaq