CME launches two more Micro E-mini S&P futures: MidCap 400 and SmallCap 600

Rick Steves

“The S&P MidCap 400 and S&P SmallCap 600 indices are two of S&P Dow Jones Indices’ flagship U.S. equity benchmarks.”

CME Group

CME Group has launched Micro E-mini S&P MidCap 400 and Micro E-mini S&P SmallCap 600 futures on March 20, which complement the existing E-mini S&P MidCap 400 and E-mini S&P SmallCap 600 futures.

These new contracts will also expand on the company’s existing Micro E-mini S&P 500 futures, which have traded more than 871 million contracts since their launch in May 2019.

Enhanced versatility to market participants as they manage equity market risk

Paul Woolman, Executive Director of Equity Products at CME Group, said: “At one-tenth the size of their E-mini counterparts, our new Micro E-mini MidCap 400 and SmallCap 600 futures contracts will provide enhanced versatility to market participants as they manage equity market risk. With the addition of these two new contracts, we will now have Micro E-mini futures available to trade across the entire suite of S&P indices – large-, mid-, and small-cap – both extending the reach of these sectors to a broader array of market participants, as well as providing a more precise toolset for investors to scale index exposure.”

Tim Brennan, Head of Capital Markets at S&P Dow Jones Indices, commented: “The S&P MidCap 400 and S&P SmallCap 600 indices are two of S&P Dow Jones Indices’ flagship U.S. equity benchmarks. Along with the iconic S&P 500 Index, these two widely tracked benchmarks offer market participants with diverse market capitalization exposures to U.S.-based and exchange-listed companies and are distinct barometers measuring specific U.S. equity market segments. As CME Group rounds out its offering of contracts by licensing these leading equity indices, market participants will have a more holistic and transparent view of the U.S. equity market through a mix of small-, mid- and large-cap stocks.”

CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. Its exchanges offer a wide 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.

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