CHICAGO, April 2,
2024 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that it will
launch options on Euro short-term rate (€STR) futures on
May 20, 2024.
"Our new €STR options will help clients more precisely manage
their risk as expectations around European interest rate decisions
continue to shift," said Mark
Rogerson, EMEA Head of Interest Rate Products, CME Group.
"This launch is the next step in the development of our robust €STR
marketplace and builds on the growing liquidity and participation
in our €STR futures."
CME Group launched the industry's first €STR futures on
October 31, 2022 as a complement to
SOFR futures. The company recently increased order book depth by
79%, while reducing bid-ask spreads by 31% and facilitated the
final settlement of €STR market's largest ever futures expiration
amounting to over 14,000 contracts last month.
€STR options will be listed by and subject to the rules of CME
Group. For more information, please visit our product
page 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 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.
CME-G
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SOURCE CME Group