CHICAGO, Oct. 1, 2018 /PRNewswire/ -- CME Group and
Nasdaq today announced a ten-year extension of CME Group's
exclusive license to offer futures and options on futures based on
the Nasdaq-100 and other Nasdaq indexes, through 2029. As the
world's leading and most diverse derivatives marketplace, CME Group
operates the largest equity index futures complex in the world.
Nasdaq is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services.
"We are extremely pleased to extend our exclusive licensing
agreement with Nasdaq, said CME
Group Chairman and Chief Executive Officer Terry Duffy. "Building on more than 20 years of
partnership, this agreement will ensure market participants
worldwide will continue to have seamless access to our suite of
Nasdaq products, allowing them to manage risk or gain exposure to
the 100 largest non-financial companies. Customers also benefit
from capital efficiencies by trading alongside our industry-leading
equity index products."
"The Nasdaq-100 has been a top performing large cap growth index
over the last ten years and has been providing investors with
access to the world's most innovative companies, including Amazon,
Apple, Facebook, Alphabet, Intel, Microsoft, and Starbucks among
many others," said Adena Friedman,
President and CEO of Nasdaq. "We have been partners with CME Group
for more than 20 years and extending our relationship enables
market participants access to our global benchmark products in
order to manage their equity market risk."
In 1982, CME Group pioneered futures trading on equity indices.
The company partnered with Nasdaq to launch Nasdaq-100 futures in
1996 and the E-mini Nasdaq-100 futures contract in 1999, which is
now one of the most actively traded equity index futures contracts
in the world. The extension was agreed upon under
mutually-beneficial terms, which were not disclosed, that will
allow for expanded collaboration and innovation as CME and Nasdaq
continue a commitment to their customers and to the
marketplace.
Overall, the Nasdaq-100 futures and options on futures suite
trades an average daily volume of more than 437,000 contracts– an
increase of 52 percent year to date. Additionally, average daily
volume for quarterly, monthly and weekly Nasdaq-100 options has
nearly tripled during the past five years to more than 11,000
contracts in 2018.
The extended licensing agreement covers Nasdaq-100 futures and
options, Nasdaq Biotechnology and Nasdaq Composite indexes, as well
as other indexes that complement market participants' U.S. index
trading strategies. This extension will allow both CME
and Nasdaq to continue to innovate as partners within the equity
index marketplace and deliver customer-focused risk management
tools such as the Basis Trade at Index Close (BTIC) functionality
on Nasdaq-100 futures, which enables market participants to execute
a basis trade relative to the official close for the underlying
index for more efficient cash management.
For more information on E-mini Nasdaq futures and options at CME
Group, please visit cmegroup.com/nasdaq.
About CME Group
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.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global
provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology is used by 250 of the
world's market infrastructure organizations and market
participants, including broker-dealers, exchanges, clearinghouses,
central securities depositories and regulators in over 50 countries
with end-to-end, mission-critical technology solutions. Nasdaq is
home to approximately 4,000 total listings with a market value of
approximately $14 trillion. To learn
more, visit: http://business.nasdaq.com.
CME-G
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SOURCE CME Group