CHICAGO, Feb. 1, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will launch E-mini S&P 500
Equal Weight futures on February 26,
pending regulatory review.
While the S&P 500 Index weights companies based on market
capitalization, the S&P 500 Equal Weight Index applies equal
weight to all constituents in the index. The addition of these new
E-mini contracts will give market participants another tool to
deploy hedging and investment strategies across a broad range of
potential market scenarios.
"The introduction of E-mini S&P 500 Equal Weight futures
will provide market participants with a new way to access equity
market breadth," said Paul Woolman,
Global Head of Equity Products at CME Group. "As the S&P 500
becomes more heavily concentrated towards larger companies, these
new contracts can provide a liquid, cost-efficient tool to gain
equal exposure to all names in the index, further allowing traders
to diversify their equity trading strategies."
"For generations, the S&P 500 has been widely regarded as
the best single gauge of the U.S. equity market. To complement
S&P DJI's iconic market benchmark, the S&P 500 Equal Weight
Index was launched in January 2003,
measuring the performance of equal allocations among S&P 500
constituents," said Bruce Schachne,
Chief Commercial Officer at S&P Dow Jones Indices.
"S&P DJI is excited to collaborate with CME Group as it expands
its offering, and further reinforces the crucial role independent
and transparent benchmarks play in the capital markets."
For more information, please visit:
www.cmegroup.com/equalweight.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Equal
Weight 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 Equal
Weight 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.
CME-G
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SOURCE CME Group