CHICAGO, Sept. 27,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that it will launch Micro
Henry Hub futures and options on November
6, pending all relevant regulatory reviews. These new micro
contracts will be one-tenth the size of the company's benchmark
Henry Hub futures and options and cash-settled.
"Our new Micro Henry Hub futures and options contracts will
provide global energy traders with additional flexibility to manage
their natural gas exposure with precision," said Peter Keavey, Global Head of Energy and
Environmental Products, CME Group. "The launch of these smaller
contracts is particularly well timed as Henry Hub's significance as
a global benchmark continues to grow. We look forward to helping a
wider range of global investors access the liquidity and efficiency
of our energy markets."
"CME Group's smaller sized Micro Henry Hub futures and options
will give our clients a more flexible and cost-effective way to
trade benchmark energy futures with precision," said Steve Sanders, EVP of Marketing and Product
Development at Interactive Brokers. "We are pleased to offer these
products alongside other micro futures and options contracts, which
continue to be a popular way for our active trader clients to
manage their exposure with less upfront commitment."
Average daily volume in the full-sized Henry Hub futures
contract is up 14% from last year. Volume originating outside of
the U.S. has also grown 3% this year to 21% of total volume.
Average open interest is also up 16% from last year.
CME Group continues to be the most liquid and efficient
marketplace for trading natural gas options, with average daily
volume in Henry Hub options up 29% from last year and 55% of volume
occurring on screen this year, up 10% from last year. Average open
interest is up 12% from last year.
Micro Henry Hub futures and options will be listed by and
subject to the rules of NYMEX. For more information, please visit
here.
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. 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