CHICAGO,
Dec. 6, 2021
/PRNewswire/ -- CME Group, the world's leading and most
diverse derivatives marketplace, today launched Micro Ether
futures, further expanding its suite of cryptocurrency derivatives
offerings, and marking its second micro cryptocurrency product this
year.
"The launch of Micro Ether futures underscores the significant
growth and liquidity we have seen in our cryptocurrency futures and
options," said Tim McCourt, CME
Group Global Head of Equity Index and Alternative Investment
Products. "Sized at one-tenth of one Ether, Micro Ether futures
will provide an efficient, cost-effective way for a range of market
participants – from institutions to sophisticated, active,
individual traders – to hedge their spot Ether price risk or more
nimbly execute Ether trading strategies, all while retaining the
features and benefits of CME Group's larger-sized Ether
futures."
"The range of futures products that CME Group offers enable our
active trader and institutional investor clients to take advantage
of trading opportunities while minimizing price risk across
markets," said Steve Sanders,
Executive Vice President of Marketing and Product Development at
Interactive Brokers. "As investor demand for digital assets
continues to grow, we are pleased to now offer our clients access
to Micro Ether futures as a cost-effective, efficient and
transparent way to access cryptocurrency and manage Ether
exposure."
"Wedbush continues to support the evolution of cryptocurrency
derivatives," said Bob Fitzsimmons,
Executive Vice President at Wedbush Securities. "Micro Ether
futures is a timely example of CME Group providing product to the
new retail market participants we have witnessed this past year,
while also providing institutional asset managers more tools to
track performance."
"TradeStation is proud to support the launch of CME's new Micro
Ether futures, as it lowers the barrier of entry and provides
traders increased exposure to Ether," said John Bartleman, CEO and President of
TradeStation Group, Inc. "The demand for micro contracts and Ether
only continues to grow, so offering this futures product to our
customers from day one was a given."
"As a firm at the forefront of providing traders with access to
innovative products in alternative asset classes, we are delighted
that CME Group is expanding its derivatives offering with the
launch of Micro Ether futures," said Brooks
Dudley, ED&F Man Capital Markets Global Head of Digital
Assets. "We have seen huge appetite for cost-efficient, regulated
products such as these micro-sized contracts and expect they will
attract strong demand."
CME Micro Ether futures are cash-settled, based on the CME CF
Ether-Dollar Reference Rate, which serves as a once-a-day reference
rate of the U.S. dollar price of Ether. Micro Ether futures are
listed on and subject to the rules of CME.
For more information on this product, please see:
www.cmegroup.com/microether.
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.
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 and EBS are trademarks of BrokerTec Europe LTD and
EBS Group LTD, 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.
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SOURCE CME Group