CHICAGO, Aug. 2, 2018 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, will
change the time its FX options expire to 10
a.m. ET. This change will begin with contracts expiring
after June 9, 2019. Clients across
time zones will be able to trade listed options that expire at the
same time as most over-the-counter (OTC) contracts.
"Aligning to the 10 a.m. New York
OTC convention makes it easier for global clients to take advantage
of CME Group's leading electronic FX options platform and transfer
risk more seamlessly between OTC and our cleared, deliverable
solution," said Paul Houston, CME
Group Global Head of FX Products. "As more institutions need to
comply with uncleared margin rules, we're extremely focused on
providing a regulated FX options solution that is capital
efficient."
The change will take place for newly listed contracts. The first
FX options contracts to be listed with the new expiration time will
be the September 2019 contracts,
available to trade on September 9,
2018.
CME Group offers more than 30 FX options contracts. CME FX
volume averaged 1 million contracts per day in the second quarter
of 2018, up 18 percent from the second quarter of 2017. The company
also won the 2018 FX Week Awards in two categories, Initiative of
the Year for FX Link, which launched in Q1 2018 and Best
E-Derivatives Platform. More information is available at
www.cmegroup.com/10am.
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.
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. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group