Smaller-sized products will allow investors
to trade on their knowledge of benchmark global metals,
energy, equities and foreign currency futures markets with risk
limited to the amount of their trade
CHICAGO, March 14,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that it is
introducing event-based contracts designed for the retail audience
that will make it easier for everyone to trade their views on daily
up or down price moves in some of the world's most widely quoted
benchmark futures markets, including gold, oil, equity indices and
foreign currencies. These new daily options on futures contracts
will offer short-term trading opportunities for individuals seeking
to take a position on daily price moves using smaller-value trades
of up to $20 per contract.
Individuals will be able to trade their view on whether the
price of key futures markets will move up or down by the end of
each day's trading session, beginning with gold, silver, copper,
crude oil, natural gas, E-mini S&P 500, E-mini Nasdaq-100,
E-mini Dow Jones Industrial Average, E-mini Russell 2000 and
euro-U.S. dollar foreign exchange. Each event-based contract will
be fully collateralized, with limited risk, meaning investors can
choose their maximum profit or loss at the time of the trade.
"Retail investors have become increasingly savvy about their
investment decisions and are actively seeking hands-on trading
opportunities in new markets," said Terry
Duffy, CME Group Chairman and Chief Executive Officer. "Our
new event-based contracts will provide this dynamic retail
investing crowd a simpler, lower-cost way to participate in some of
the world's most recognized markets – many of which they interact
with every day."
"We are excited to support the launch of event-based contracts
from CME Group," said Steve Sanders,
EVP of Marketing and Product Development at Interactive Brokers.
"The growth of the CME Group suite of micro products along with our
low commissions, continue to benefit our clients seeking increased
trading flexibility with less upfront commitment. We anticipate
that the event-based contracts will be met with investor interest
and we look forward to offering this new category of products to
our active trader client base."
"Working with CME Group to introduce event-based contracts
directly aligns with our mission to increase accessibility to the
dynamic futures markets for retail investors," said Martin Franchi, CEO of NinjaTrader Group, LLC.
"Our recent acquisition of Tradovate highlights our commitment to
delivering innovative technology and customer-centric solutions. We
appreciate the progressive product strategy from CME Group, which
has helped accelerate the adoption of futures across the growing
trading community."
Subject to relevant regulatory reviews, event-based contracts
from CME Group are expected to launch in Q3 2022.
For more information on this product, please see:
www.cmegroup.com/eventcontracts.
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. 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.
CME-G
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SOURCE CME Group