LONDON, June 26, 2018 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of options on its Black Sea Wheat FOB (Platts)
and Black Sea Corn FOB (Platts) financially settled futures
contracts, to begin trading on July 16, 2018, pending all
relevant regulatory review periods.
The introduction of these options contracts follows the
successful launch of financially settled Black Sea Wheat and Black
Sea Corn futures contracts, which have traded more than 40,000
contracts since launch with a combined open interest of over 20,000
contracts.
"We're pleased with the growth of our financially settled Black
Sea Wheat and Black Sea Corn futures contracts, which have been
trading well since their launch on 11
December 2017," said Jeffry
Kuijpers, Executive Director, Agricultural Commodities, CME
Group. "With the addition of these grain options contracts, our
customers will now have enhanced hedging capabilities and greater
flexibility to mitigate Black Sea grain price risk throughout the
supply chain."
These new options contracts will be available for trading on CME
Globex and CME ClearPort, and will be listed with and subject to
the rules and regulation of CBOT. They complement CME Group's
existing suite of global wheat and corn benchmarks, including Black
Sea FOB Wheat, Black Sea FOB Corn, Australian FOB Wheat, Soft Red
Winter Wheat, Hard Red Winter Wheat and No2 Yellow Corn
contracts. For more information on CME Group's Black Sea
Wheat and Black Sea Corn futures and option products, please visit:
www.cmegroup.com/blacksea and www.cmegroup.com/agriculture.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offers clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
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