S&P 500 and Nasdaq-100 E-mini futures get longer expiries

Rick Steves

Effective January 29, the maximum payout for CME Group’s event contracts will be capped at $100. These contracts empower individuals to take positions on price movements in globally significant benchmark futures markets, providing certainty regarding potential profit or loss when executing a trade.

CME Group is set to launch event contracts with quarter- and year-end expiries for E-mini S&P 500 and E-mini Nasdaq-100 futures on January 29, pending regulatory approval.

These longer-horizon contracts will allow traders to express views on the direction of these equity indices, introducing a unique opportunity to navigate market dynamics at key economic cycle intervals.

Effective January 29, the maximum payout for CME Group’s event contracts will be capped at $100. These contracts empower individuals to take positions on price movements in globally significant benchmark futures markets, providing certainty regarding potential profit or loss when executing a trade.

Tim McCourt, Global Head of Financial & OTC Products at CME Group, highlighted the significance of these new contracts, stating that they represent 33% and 20% of the volume for E-mini S&P 500 and E-mini Nasdaq-100 futures, respectively. “These new contracts featuring longer expiries at quarter- and year-end will give traders a way to express their views on market direction at key economic-cycle intervals – with the added benefit of more opportunities to trade in and out of a position leading up to expiry. We’re pleased that our expanded suite of event contracts will continue to provide innovative, lower-cost tools for participating in CME Group’s futures markets.”

Executives at Akuna, Interactive Brokers, and NinjaTrader rejoice

Ryan Duckworth, CEO of Akuna Capital – U.S., said: “We are excited to see the growth of the CME Group’s event contracts offering. The quarterly and annual contracts will give investors the opportunity to choose the best time frame for their strategies without worrying about opening a new position daily. We are honored to be a part of CME Group’s success as a liquidity provider in event contracts.”

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, affirmed support for CME Group’s initiative. “Event contracts give investors a simple way to access key futures markets, and our active trader clients seeking to trade event contracts on these popular equity indices will benefit from the greater flexibility offered by the new quarter- and year-end expiries.”

NinjaTrader, represented by CEO Martin Franchi, conveyed excitement about supporting CME Group’s evolving event contract product suite. “We are confident in the market appeal of these products, which offer both a cost-effective and straightforward way for retail traders to access dynamic financial markets. This evolution of the product suite will continue to broaden the appeal of these new and innovative products.”

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