CME Group Announces Multiplier Increase for S&P Financial SPCTR Indexes
July 01 2009 - 11:00AM
PR Newswire (US)
CHICAGO, July 1 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, announced today that
the multiplier for the S&P Financial SPCTR Index and the
S&P Technology SPCTR Index futures contracts will each double
to $250 times the index price beginning Monday, July 27. Along with
the increase in the contract multiplier, the new minimum tick size
will also double to $25.00 per contract. These contracts are listed
with, and subject to, the rules and regulations of CME. "Several
large trading entities specifically requested that we increase the
size of our Financial and Technology SPCTR contracts," said Scot
Warren, CME Group Managing Director of Equity Products and
Services. "With the renewed interest in financial sector stocks,
and the underlying XLF Index in particular, these contracts will
provide our clients a cost effective trading and risk management
tool." All other contract specifications remain the same. The
all-electronic S&P Financial and Technology SPCTR index futures
trade exclusively on CME Globex(R) virtually 23 hours a day. 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. By acting
as the buyer to every seller and the seller to every buyer, CME
Clearing virtually eliminates counterparty credit risk. CME
Clearing also offers financial safeguards to help mitigate systemic
risk, providing the security and confidence market participants
need to operate, invest and grow. 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, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are
trademarks of the Board of Trade of the City of Chicago. NYMEX and
New York Mercantile Exchange are 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 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 Allan Schoenberg,
+1-312-930-8189, both of CME Group, , Investors, John Peschier,
+1-312-930-8491 Web Site: http://www.cme.com/
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