CHICAGO, Jan. 9, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will launch options on S&P 500
Annual Dividend Index futures on January
29, pending regulatory review.
"Client demand for managing risk and seeking investment
opportunities around dividend exposure has accelerated the growth
of our listed and centrally cleared dividend futures," said
Paul Woolman, Global Head of Equity
Products at CME Group. "Based on the success of our S&P 500
Annual Dividend Index futures, which traded more than 900,000
contracts in 2023, we are pleased to introduce these new options
contracts to provide market participants with even greater
flexibility to customize their dividend-related strategies."
"As the world's leading index provider, S&P DJI is pleased
to strengthen its ongoing collaboration with CME Group as it
expands its offering of complimentary contracts tied to S&P
DJI's established and highly liquid S&P 500 ecosystem," said
Tim Brennan, Head of Capital Markets
at S&P Dow Jones Indices. "By providing the underlying view
into U.S. dividend trends through our S&P 500 Dividend Points
Index (Annual), coupled with CME Group's financial products, market
participants can track and express their views on an important
component of equity returns."
"We are pleased to partner with CME Group on their launch of
options on S&P 500 Annual Dividend Index futures," said
Megan Morgan, Head of Market
Structure at Belvedere Trading. "Belvedere Trading prides itself on
being a first mover in providing transparent pricing of innovative
volatility products that help CME Group's customers across the
globe manage their risk."
"Sunrise is thrilled to announce its participation in the launch
of new CME Group options on S&P 500 Annual Dividend Index
futures," said Michael Goodall, Head
of Americas at Sunrise Brokers. "With a wealth of experience in
navigating the growth of dividend futures in our European business,
Sunrise is excited to bring this expertise to the U.S. markets. The
introduction of options on S&P 500 Annual Dividend Index
futures is a strategic move that aligns with our commitment to
providing innovative and diversified products to our clients."
These new options contracts are the latest addition to the
robust dividend futures suite at CME Group, which includes S&P
500 Annual and Quarterly Dividend Index futures, Nasdaq-100 Annual
Dividend Index futures, and Russell 2000 Annual Dividend Index
futures.
For more information, please visit:
www.cmegroup.com/dividendoptions.
As the world's leading 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 is a trademark of
BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The
S&P 500 Index and the S&P 500 Dividend Points Index
(Annual) are products of S&P Dow Jones Indices LLC ("S&P
DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The
500 are trademarks of Standard & Poor's Financial Services LLC;
Dow Jones®, DJIA® and Dow Jones Industrial Average are service
and/or trademarks of Dow Jones Trademark Holdings LLC. These
indices and trademarks have been licensed for use by Chicago
Mercantile Exchange Inc. Futures contracts based on the Indices are
not sponsored, endorsed, marketed, or promoted by S&P DJI, and
S&P DJI makes no representation regarding the advisability of
investing in such products. All other trademarks are the property
of their respective owners.
CME-G
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SOURCE CME Group