CHICAGO, Feb. 18, 2016 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of E-mini IPOX 100 U.S. Index
Futures. The futures contract will be available for trading on
the CME Globex electronic trading platform effective March 7, 2016, pending all relevant regulatory
review periods. This contract will be listed with and subject to
the rules and regulations of Chicago Mercantile Exchange.
The new contract is designed to allow traders to capture the
return dynamics of U.S. initial public offerings (IPOs) and
corporate spin-offs, thereby providing the opportunity to trade on
growth and innovation in the U.S. IPO market.
"The IPO and spin-off sector as a whole is a unique, highly
dynamic and diverse equity group," said Tim
McCourt, CME Group Global Head of Equity Products. "We're
pleased to collaborate with IPOX to launch this new futures
contract, which gives our clients greater precision to meet their
global trading and risk management needs."
"An IPO can have distinctive effects on the development of a
company which go far beyond just a few months," said Josef Schuster, Founder and CEO of IPOX Schuster
LLC. "That is why we specialize in financial product design related
to global IPOs and corporate spin-offs, and we are excited to work
with CME Group to bring this futures product to market."
IPOX Schuster LLC developed the IPOX 100 U.S., the underlying
Index for the futures product. The contract size is $10 multiplied by IPOX 100 U.S. Index and is cash
settled in USD based on the special opening quotation of the IPOX
U.S. Index.
For more information on CME Group Equity Index Futures, please
visit www.cmegroup.com/equities.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform, its trading
facilities in New York and
Chicago, and through its
London-based CME Europe
derivatives exchange. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions.
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri, Inc.
All other trademarks are the property of their respective owners.
Further information about CME Group (NASDAQ: CME) and its products
can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group