CHICAGO, Nov. 15, 2021 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that Micro E-mini Equity Index futures and options
surpassed 1 billion contracts traded across all four indices on
November 12.
Micro E-mini Equity Index futures became available for trading
across four U.S. indices – S&P 500, Nasdaq-100, Russell 2000
and Dow Jones Industrial Average – in May of 2019, with Micro
E-mini options available on Micro E-mini S&P 500 and Nasdaq-100
futures contracts in August of 2020.
"At just two-and-a-half years old, Micro E-mini Equity Index
futures and options have become among the most actively traded
equity index products at CME Group, enabling clients to manage risk
in our highly liquid markets," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "At one-tenth the size of our
benchmark E-mini equity index contracts, these micro-sized futures
also help traders to execute equity trading strategies more nimbly,
scale index exposure up or down or hedge existing equity portfolio
positions."
"The S&P 500 and the Dow Jones Industrial Average are
trusted, independent and transparent gauges, which for generations
have also become important barometers for U.S. financial market
performance," said Aye Soe, Global Head of Core and Multi-Asset
Product Management at S&P Dow Jones Indices. "We congratulate
CME Group for reaching this milestone which reinforces the ongoing
strength of the S&P 500 and DJIA brands and demonstrates the
crucial role of these benchmarks in offering essential insights to
help investors and market participants mitigate risks and capture
market return opportunities."
"The Nasdaq-100 index represents the new industrials – companies
playing an important role in our society and economy,"
said Sean Wasserman, Vice President and Global Head of Index
& Advisor Solutions, Nasdaq. "The success of Micro E-mini
Nasdaq-100 futures and options demonstrate our shared commitment
with CME Group in bringing innovative products for investors to
manage risk and meet their investment objectives."
"FTSE Russell congratulates CME Group on reaching a major
milestone of one billion contracts traded across its Micro E-mini
derivatives complex," said Ricardo
Manrique, Director, Strategy, Data & Analytics, London
Stock Exchange Group. "As a leader in innovation and a valued
long-term partner to FTSE Russell, we are proud to have supported
CME Group in this achievement since the Micro E-mini products were
first launched in 2019. We look forward to continuing to work
closely with CME Group on growing the Micro E-Mini Russell 2000
futures and options suite and providing investors with access to
highly liquid and efficient U.S. small cap equity risk management
tools."
At their launch in May 2019, Micro
E-mini Equity Index futures contracts became one of the most
successful new product launches in CME Group's nearly 175-year
history. Since then, due to the ongoing, strong support of clients,
index partners, the broker and intermediary communities, these
contracts continue their tremendous growth
trajectory. Additional highlights include:
- Year one (May 2019 – April 2020) total volume of more than 214 million
contracts
- Year two (May 2020 – April 2021) total volume of more than 527 million
contracts
- Total average daily volume in 2021-to-date, through the end of
October, is equivalent to 2,060,344 contracts traded each day
- 21% of volume occurring outside of U.S. trading hours
- More than 340 firms and 240,000 unique accounts have traded
these contracts in the last year
For more information on Micro E-mini Equity Index products,
please see www.cmegroup.com/microeminis.
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.
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 and EBS are trademarks of BrokerTec Europe LTD and
EBS Group LTD, 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.
CME-G
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SOURCE CME Group