CHICAGO, Jan. 25, 2022 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that Micro Ether futures volume surpassed
500,000 contracts on January
24.
"The arrival of micro-sized contracts for both Bitcoin and Ether
futures in 2021 has taken our cryptocurrency product offering to
the next level," said Tim McCourt,
CME Group Global Head of Equity Index and Alternative Investment
Products. "We're pleased with the early adoption and rapid growth
of Micro Ether futures since their launch on December 6. These contracts are providing one
more way for both financial institutions and sophisticated, active
retail traders to gain exposure to digital assets through our
liquid and trusted cryptocurrency derivatives markets."
Additionally, Micro Ether futures reached a new daily volume
high of 51,450 contracts on January
24, with open interest of nearly 75,000 contracts.
CME Micro Ether futures are cash-settled, based on the CME CF
Ether-Dollar Reference Rate, which serves as a once-a-day reference
rate of the U.S. dollar price of Ether. Micro Ether futures are
listed on and subject to the rules of CME.
For more information on this product, please see:
www.cmegroup.com/microether.
As the world's leading and most diverse 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. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
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, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., 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
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property of their respective owners.
CME-G
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SOURCE CME Group