CHICAGO, Sept. 19,
2022 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced the launch of event
contracts.
"We continue to see increasing demand from retail investors
looking for less-complex ways to gain exposure to and participate
in CME Group benchmark products – some of the world's most widely
quoted futures markets," said Tim
McCourt, Global Head of Equity and FX Products at CME Group.
"Our event contracts will provide market users with innovative,
lower-cost ways to trade across oil, gold, equity indices and
foreign currencies."
"Interactive Brokers is excited to launch event contracts and to
offer our clients the ability to trade their opinion on yes-or-no
questions," said Steve Sanders, EVP
of Marketing and Product Development at Interactive Brokers. "Now
available at IBKR EventTrader, these innovative contracts can
provide our clients a simplified way to trade key futures markets
with limited risk."
Ryan Moroney, CEO of CQG, said:
"We've seen growing demand on the retail side and are excited to
have closely collaborated with CME Group on the launch of event
contracts. The exchange has a long history of launching innovative
products, and just as its E-mini and micro contracts have taken off
with market participants, we expect the products to attract
significant attention as a new way to engage with many of the most
popular benchmark products that reflect different aspects of the
economy."
NinjaTrader Group CEO Martin
Franchi said: "CME Group's event contracts will have
tremendous appeal to individual investors, whether they are already
active traders or new entrants to the market. We're excited to
partner with the exchange in offering and promoting these
innovative products through our subsidiaries NinjaTrader and
Tradovate, and we look forward to playing a major role in helping
grow the base of participants not only in event contracts but in
the futures and financial markets overall."
"Dorman Trading is excited to bring new participants into the
marketplace and support existing traders by offering event
contracts," said Daniel Dorman, VP
at Dorman Trading LLC. "CME Group continues to introduce
innovative products and event contracts are poised to bring new
energy to the futures industry by providing short-term
opportunities to trade price action with a maximum profit or
loss."
"Ironbeam is excited to offer these new event contracts in its
innovative trading platform," said Omid
Farr, Founder of Ironbeam. "We expect the simplified trading
experience will bring in a new swath of traders."
Individuals will be able to trade their view on whether the
price of key futures markets will move up or down by the end of
each day's trading session, including gold, silver, copper, crude
oil, natural gas, E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow
Jones Industrial Average, E-mini Russell 2000 and euro-U.S. dollar
foreign exchange futures.
These new daily options on futures also will allow participants
to know their maximum profit or loss when entering a trade. Each
event contract is sized at $20 per contract.
For more information on this product, please see:
www.cmegroup.com/eventcontracts.
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. 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
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group