By Stephen Nakrosis

CME Group Inc. (CME) on Wednesday said Micro E-mini equity index futures volume passed 1 million contracts in less than three full days of trading, making it the group's most successful product launch ever.

The Micro E-Mini products track the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average, CME said.

Micro E-mini equity index futures are one-tenth the size of CME's existing E-mini equity index futures, which are electronically traded futures contracts.

CME said the Micro E-mini requires less cash and allows traders to enter the market with lower margins.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 08, 2019 19:08 ET (23:08 GMT)

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