CHICAGO, Nov. 20,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that it will launch
options on €STR futures, beginning in Q1 2024.
"With consistently strong volumes, open interest in our €STR
futures has continued growing exponentially during 2023, now up to
29,000 contracts, with over 80% of market participants choosing CME
Group as their home for European Short Term Rate futures trading,"
said Mark Rogerson, EMEA Head of Interest Rate Products, CME
Group. "Adding options to our growing €STR futures contracts will
provide clients with the first holistic €STR derivatives solution
that allows them to navigate continued economic uncertainty and
more accurately manage their risk in European interest rate
markets."
In November, CME Group €STR futures reached an average daily
volume (ADV) of 17,000 contracts – with a single-day record of
39,836 contracts traded on November
10.
€STR options will be listed by and subject to the rules of CME.
For more information on €STR futures from CME Group, please visit
our product page here.
About CME Group
As the world's leading 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. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
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SOURCE CME Group