CHICAGO, March 11, 2019 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced it plans to make equity index futures trading more
accessible to active traders through the launch of Micro E-mini
futures on the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones
Industrial Average indexes.
The new Micro E-mini contracts will be one-tenth the size of CME
Group's existing E-mini futures on the respective equity indexes.
They will be available for trading in May
2019.
"Futures trading has been growing in popularity for active
traders all over the world," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "The smaller contract size of
Micro E-mini equity index futures will make it easier to more
nimbly execute a variety of equity trading strategies, while
benefiting from the deep liquidity that CME Group markets offer
around the clock."
"Equities are well-known and popular futures contracts among our
customers," said Steven Sanders,
Executive Vice President Marketing and Product Development at
Interactive Brokers. "This smaller sized contract is a
next-generation product for the next generation of individual,
sophisticated traders."
"Today, futures might be a great tool for sophisticated,
self-directed traders," said J.B. Mackenzie, Managing Director of
Futures and Forex at TD Ameritrade. "The Micro E-mini futures can
be a good match for those self-directed active traders who want
more product choices within their overall portfolio."
"This is a significant development for customers looking to
benefit from capital efficiencies in trading futures," said
Daniel Ryba, Vice President of
futures at E*TRADE Financial. "These smaller products can allow
sophisticated traders to participate in the nearly 24/7 futures
market —it's an exciting announcement for the industry and its
participants."
"Market-moving events often happen outside of U.S. trading
hours, when the stock markets are closed," said Nick LaMaina, Senior Vice President Strategic
Brokerage Services at TradeStation Securities, Inc. "This coupled
with the smaller contract size of the new Micro E-mini futures
means that more investors around the world will be able to gain
exposure to benchmark U.S. equity indexes."
More active traders are participating in the futures market than
ever before. In 2018, CME Group's non-institutional trading
business grew 27 percent compared to the previous year, with active
traders averaging 660,000 contracts each day. Globally, active
trader participation in CME Group markets grew 30 percent in
Asia and 36 percent in
Europe last year.
Pending regulatory review, Micro E-mini equity index futures
will be listed with and subject to the rules of CME and CBOT. For
more information on how to get started with trading futures,
including free educational resources like a trading simulator and
daily market commentary videos, please visit
activetrader.cmegroup.com/microeminis.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest 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. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
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. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. 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