CHICAGO, Sept. 5,
2024 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that it will launch
options on Bloomberg Commodity Index (BCOM) futures on September 23, pending regulatory review. The
company also announced that it has extended its license with
Bloomberg for commodity index products through 2027.
Options on BCOM futures will provide market participants a new
way to access broad market exposure with additional flexibility to
express a range of views on commodity market movements.
"We are pleased to announce the addition of options on BCOM
futures to our suite of commodity index products, as well as the
extension of our BCOM license renewal to continue to offer these
important risk management tools," said Paul
Woolman, Global Head of Equity Index Products at CME Group.
"These new options contracts will build on the growing strength and
liquidity of our existing BCOM futures contracts, which have seen a
surge in volume and open interest in 2024 – up more than 12% and
88% year-over-year, respectively. The addition of options on BCOM
futures will also offer greater potential capital and margin
efficiency to commodity index trading strategies while providing
similar exposure to OTC swaps."
"Bloomberg is proud to see the continued growth and popularity
of our flagship BCOM index which is backed by exceptional research
and data," said Umesh Gajria, Global
Head of Index Linked Products, Bloomberg Index Services Limited.
"This is evidenced by CME Group's launch of options on BCOM
futures, extending their existing product suite offering investors
additional opportunities to hedge and diversify their
portfolios."
For more information on these products, please visit
www.cmegroup.com/bcomoptions.
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