- First CME Group Micro product to trade 1 billion
contracts
CHICAGO, Aug. 24,
2023 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that Micro E-mini
S&P 500 futures surpassed 1 billion contracts traded on
August 23.
"At just over three years old, our Micro E-mini S&P 500
futures have become some of the most actively traded and deeply
liquid equity index products at CME Group, averaging more than 1.1
million contracts traded per day," said Paul Woolman, Global Head of Equity Index
Products at CME Group. "At one-tenth the size of their benchmark
E-mini counterpart, these micro-sized futures allow market
participants to hedge or trade with enhanced flexibility around
major market-moving events by executing trading strategies more
nimbly and scaling index exposure up or down."
"The S&P 500 is widely regarded as the best single gauge of
the U.S. equity market and serves as the foundation for a wide
range of liquid investment vehicles around the world," said
Bruce Schachne, Chief Commercial
Officer at S&P Dow Jones Indices. "S&P DJI extends its
sincere congratulations to CME Group for reaching another
significant market milestone, the first to cross this threshold
within its complex. We are proud of the growth that we've seen
within our indices business and look forward to continuing to
provide leading index solutions across varying geographies and
asset classes."
For more information on these products, please visit
www.cmegroup.com/microeminis.
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.
CME-G
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SOURCE CME Group