CHICAGO, Feb. 10,
2025 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that its expanded suite of
Weekly agricultural options on grains and oilseed futures, which
now include an expiry for every day of the trading week, are
available for trading.
"With an expiry now available for every day of the week, CME
Group will provide market participants with maximum flexibility as
we head into the growing season," said John
Ricci, Managing Director and Global Head of Agricultural
Markets. "Amid continued economic uncertainty, demand for our
short-term options continues to increase as clients look for more
tools to efficiently manage price risk."
"We are very pleased that CME Group has expanded its Weekly
option expiries," said Matthew
Garmon, Head of Trading at Greenfield Commodities, LLC.
"It's great to be able to match expirations with key events like
WASDE reports or weekends that carry significant macro risk.
Daily expirations will help all stakeholders manage risk with
better precision. It's a lot easier for people to be decisive
on options structures when they know they're investing in
expirations that cover exactly the days that they need."
"We are pleased that CME Group continues to expand its product
offering to meet the growing popularity of short-dated options,"
said Steve Sanders, EVP of Marketing
and Product Development at Interactive Brokers. "The new Weekly
agricultural options on grains and oilseed futures will give
traders enhanced flexibility to express short-term views with
efficiency."
Weekly agricultural options reached record volume in 2024,
hitting an ADV of 18,964, up 72% year-over-year, led by growth
in Soybean Oil (up 220%), Soybean (up 109%) and Corn (up 63%)
options. In January, Weekly agricultural options ADV hit 28,037,
the third highest month on record.
Monday, Tuesday, Wednesday and Thursday Weekly options on Corn,
Soybean, Wheat, Soybean Oil and Soybean Meal futures are listed by
and subject to the rules of CBOT. For more information, please
visit here.
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 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.
CME-G
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SOURCE CME Group
