Finance Feeds logo

CME Group schedules launch of Micro E-mini Options for August 31, 2020

Maria Nikolova

Options on CME’s Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts are set to be available for trading August 31, 2020.

International derivatives marketplace CME Group Inc (NASDAQ:CME) today announced that options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts will be available for trading August 31, 2020, pending regulatory review.

Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, explains:

“Since their introduction a year ago, Micro E-mini Equity futures have benefited market participants of all types, who have used them to scale their equity index exposure up or down or more precisely hedge existing equity portfolio positions. Based on the success of our micro-sized equity futures contracts and increased customer demand, we are pleased to offer options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures. We believe this will provide our clients with even greater flexibility amid continuing economic uncertainty.”

Since launching in May 2019, Micro E-mini Equity futures have rapidly developed into a robust, liquid underlying futures market. Some highlights include:

  • 300 million cumulative contracts traded across all four indices – S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average – including 153.4 million Micro E-mini S&P 500 and 106.2 million Micro E-mini Nasdaq-100 futures contracts,
  • 1.67 million contracts traded across all four products on average each day in 2020 through June,
  • 28% of trading volume originated outside of the U.S. since launch, and
  • 160,000+ total unique accounts have traded these contracts.

Options on Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures will be listed by and subject to the rules of CME.

Subscribe

Read this next

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

digital face
Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Photo of Nelson Mandela
Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

Image of a woman with the citate
Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Symbol of Ramp network
Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Mayne Ayliffe joins INFINOX
Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

<
✖