CME Group to Launch Euro Denominated E-mini S&P 500 Futures
September 04 2008 - 8:51AM
PR Newswire (US)
CHICAGO and BURGENSTOCK, Switzerland, Sept. 4
/PRNewswire-FirstCall/ -- CME Group, the world's largest and most
diverse derivatives exchange, announced today at the Burgenstock
Derivatives conference that it will launch its popular E-mini
S&P 500(R) futures denominated in euros beginning October 27.
The contract will enable market participants to gain access to the
widely watched U.S. large cap stock index combined with the
exposure to the euro currency in a single trading vehicle. "The
denomination of the contract multiplier in euros increases the
relevance of our U.S. equity index products to our European
customer base," said Robert Ray, Managing Director, CME Group
International Sales, Equity and Commodity Products. "Customers
throughout Europe want efficient exposure to U.S. equity markets
and this product facilitates that as well as allows for new
spreading opportunities between CME Group products and the listed
derivatives traded in other markets." "The Euro E-mini S&P 500
further extends the scope of our equity index product suite," said
Scot Warren, Managing Director, CME Group Equity Products.
"Building on the success of the E-mini S&P 500, which trades
more than 2.2 million contracts per day, we believe our customers
will benefit from the expanded opportunities the euro-denominated
S&P 500 futures will provide." The Euro E-mini S&P 500 will
be offered exclusively on CME Globex(R), the exchange's electronic
trading platform. The value of the contract will be euro 50 times
the S&P 500 Stock Index. Trading hours will run from Sunday to
Thursday 5 p.m. to 3:15 p.m. the following day and then 3:30 p.m.
to 4:30 p.m. For more information, please go to
http://www.cmegroup.com/eurosp500. CME Group
(http://www.cmegroup.com/) is the world's largest and most diverse
derivatives exchange. Building on the heritage of CME, CBOT and
NYMEX, CME Group serves the risk management needs of customers
around the globe. As an international marketplace, CME Group brings
buyers and sellers together on the CME Globex electronic trading
platform and on trading floors in Chicago and New York. CME Group
offers the widest range of benchmark products available across all
major asset classes, including futures and options based on
interest rates, equity indexes, foreign exchange, energy,
agricultural commodities, metals, and alternative investment
products such as weather and real estate. CME Group is listed on
NASDAQ under the symbol "CME." The Globe logo, CME, Chicago
Mercantile Exchange, CME Group, Globex and E- mini, are trademarks
of Chicago Mercantile Exchange Inc. Standard & Poor's, S&P
500 and S&P, S&P MidCap 400, Standard & Poor's
Depositary Receipts and SPDR are trademarks of The McGraw-Hill
Companies, Inc. Further information about CME Group and its
products can be found at http://www.cmegroup.com/. CME-G
DATASOURCE: CME Group CONTACT: media, Mary Haffenberg,
+1-312-930-3435, or Jeremy Hughes, +44 7747 603 117, ,
http://www.cmegroup.mediaroom.com/, or investors, John Peschier,
+1-312-930-8491, all of CME Group Web site: http://www.cme.com/
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