CME Euroyen Contracts to Trade on CME Globex(R)
December 06 2006 - 9:53AM
PR Newswire (US)
CHICAGO, Dec. 6 /PRNewswire-FirstCall/ -- CME, the world's largest
and most diverse financial exchange, today announced that it plans
to list its CME Euroyen futures and options on futures contracts on
the CME Globex electronic trading platform. Beginning on Sunday,
February 4, 2007, for trade date of February 5, side-by-side
electronic and open outcry trading will be available for the
Euroyen TIBOR (Tokyo Interbank Offered Rate) contract. The contract
will continue to be eligible through the Mutual Offset System
Agreement with the Singapore Exchange (SGX). "Listing our Euroyen
products on CME Globex not only increases product distribution but
also creates new trading opportunities on a nearly 24 hour basis to
serve customers across multiple time zones," noted Robin Ross,
Managing Director, CME Interest Rate Products. "Euroyen futures and
options on futures will leverage the same innovative CME Globex
functionality that provides unparalleled liquidity for our CME
Eurodollar products, such as implied spreads and complex options
combinations. Additionally, clients will continue to benefit from
cross margining with other interest rate products cleared at CME."
CME interest rate products, the exchange's largest product group,
enable financial institutions and other customers worldwide to
hedge financial risks associated with interest rate moves. CME
interest rate products can be used to manage interest rate risks
ranging from a single day to 10 years. CME trades more short-term
interest rate futures and options on futures than any other
exchange in the world. CME total interest rate volume averaged 2.9
million contracts per day in November, up 20 percent from the same
period a year ago. Third quarter volume is up 27 percent compared
to the previous year. CME ( http://www.cme.com/ ) is the world's
largest and most diverse financial exchange. As an international
marketplace, CME brings together buyers and sellers on the CME
Globex(R) electronic trading platform and on its trading floors.
CME offers futures and options on futures in these product areas:
interest rates, stock indexes, foreign exchange, agricultural
commodities, energy, and alternative investment products such as
weather, real estate and economic derivatives. CME is a
wholly-owned subsidiary of Chicago Mercantile Exchange Holdings
Inc. (NYSE:CMENASDAQ:CME), which is part of the Russell 1000(R)
Index and the S&P 500(R) Index. Statements in this news release
that are not historical facts are forward- looking statements.
These statements are not guarantees of future performance and
involve risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed or implied in any forward-looking
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Exchange Commission, including our most recent Quarterly Report on
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http://www.sec.gov/ . We undertake no obligation to publicly update
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Allan Schoenberg, +1-312-930-8189, Pamela Plehn, +1-312-930-3446, ,
or Investors, John Peschier, +1-312-930-8491, all of CME Web site:
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