CME Group Inc.

10/02/2024 | Press release | Distributed by Public on 10/02/2024 07:07

CME Group to Launch Options on E-mini Select Sector Futures and Dow Jones U.S. Real Estate Index Futures on October 28

CHICAGO, Oct. 2, 2024/PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch options on six E-mini Select Sector futures, as well as on Dow Jones U.S. Real Estate Index futures, on October 28, pending regulatory review.

"These new options on our liquid sector futures are designed to help clients manage volatility in individual equity sectors, particularly amid significant dispersion across sectors this year," said Paul Woolman, Global Head of Equity Index Products at CME Group. "In addition to our existing suite of sector products, these options will provide added flexibility and capital efficiencies that market participants rely on to increase or decrease exposure to various segments of the broader equity market. In today's market, not only does index choice matter, but sector choice matters as well."

Options will be available on the following futures contracts:

  • E-mini S&P Select Sector Stock Energy Index futures
  • E-mini S&P Select Sector Stock Financial Index futures
  • E-mini S&P Select Sector Stock Health Care Index futures
  • E-mini S&P Select Sector Stock Industrial Index futures
  • E-mini S&P Select Sector Stock Technology Index futures
  • E-mini S&P Select Sector Stock Utilities Index futures
  • Dow Jones U.S. Real Estate Index futures

"Through its longstanding collaboration with CME Group, S&P Dow Jones Indices is expanding the utilization of its indices in global financial markets, serving as essential building blocks to support a healthy and liquid ecosystem of products that are tracking its trusted benchmarks," said Tim Brennan, Global Head of Capital Markets at S&P Dow Jones Indices. "The S&P Select Sector indices, along with the Dow Jones U.S. Real Estate Index, enables traders, investors, and other market participants to focus on more targeted market segments as they look to mitigate risks, navigate volatility, and express their views on specific sectors against the broader market."

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 2024-to date average daily volume at a record 21,000 contracts and open interest at a record 267,000 contracts.

For more information on these products, please visit www.cmegroup.com/sectoroptions.

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 ChicagoBoard 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.

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SOURCE CME Group