CHICAGO, July 7, 2022
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced plans to expand its suite of Sector
futures with the addition of six new contracts on August 8, pending regulatory review. These new
contracts will include:
- E-mini S&P Regional Banks Select Industry futures
- E-mini S&P Insurance Select Industry futures
- E-mini S&P Biotechnology Select Industry futures
- E-mini S&P Oil & Gas Exploration and Production Select
Industry futures
- E-mini S&P Retail Select Industry futures
- E-mini PHLX Semiconductor Sector Index futures
"We continue to see strong market demand for liquid,
cost-effective and capital-efficient tools to track the same
underlying indices as some of the most popular ETFs," said
Tim McCourt, CME Group Global Head
of Equity and FX Products. "These new contracts will provide more
opportunities and versatility in managing sector exposure and will
complement the growing liquidity pool of our existing Sector
futures product suite, which cover more than 10 S&P Select
Sectors, as well includes Dow Jones US Real Estate and Nasdaq
Biotech futures, giving clients more tools to meet their trading
needs."
"We are very pleased to expand our ongoing collaboration with
CME Group with the launch of the exchange's latest series of E-mini
futures contracts based on the S&P Select Industry Indices,"
said Aye Soe, Global Head of Core and Multi-Asset Product
Management at S&P Dow Jones Indices. "These popular family of
indices measure the performance of stocks that comprise specific
Global Industry Classification Standard sub-industries and reflect
growing market demand for more targeted and diverse industry
exposures as investors navigate uncertain and volatile market
conditions."
"Launched in 1993, the PHLX Semiconductor Sector Index™ has been
particularly relevant recently as it reflects a transformative
period for the semiconductor industry," said Cameron Lilja, Vice President, Global Head of
Index Product, Nasdaq. "We are pleased to expand our long-term
partnership with CME Group by continuing to provide timely and
innovative solutions that help investors achieve their investment
objectives amid ever-evolving market dynamics."
CME Group's existing Sector futures product suite, which
includes the E-mini Select Sectors Index futures, E-mini Dow Jones
Real Estate Index futures and E-mini Nasdaq Biotech Index futures,
have been growing significantly over the last few years, with
2022-to date average daily volume (ADV) up a record 14% versus 2021
and June ADV up nearly 200% versus May.
For more information on this product, please see:
www.cmegroup.com/sectors,
The S&P Select Industry Indices are a product of S&P Dow
Jones Indices LLC ("S&P DJI"). S&P®, S&P 500® and
US500 are trademarks of Standard & Poor's Financial Services,
LLC, and have been licensed for use by S&P DJI and CME Group,
Inc. The E Mini Sector Index Futures are not sponsored, endorsed,
sold or promoted by S&P DJI, or its affiliates and neither
S&P DJI nor its affiliates make any representations or
recommendations concerning the advisability of investing such
futures.
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