LONDON, May 15, 2015 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of options on its Physically Delivered Cocoa
futures contracts. These options will be listed on CME Group's
European exchange, CME Europe, for first trade date on 29 June, 2015. Cocoa options are authorised and
approved by the United Kingdom
(UK) Financial Conduct Authority.
The introduction of Cocoa options (contract code CEY) follows
the successful launch of CME Europe Cocoa futures (contract code
CCP), which have traded more than 2,500 contracts since inception
and have nearly 900 contracts open interest.
"We're pleased with the success of our deliverable cocoa futures
contract, which has been trading steadily since its launch on
30 March, 2015," said Jeffry Kuijpers, Executive Director,
Agricultural Commodities, CME Group. "With the addition of cocoa
options, our customers will now have enhanced hedging capabilities
and greater flexibility to mitigate cocoa price risk throughout the
supply chain."
These new Cocoa options are the result of extensive consultation
and collaboration with many of the leading participants in the
international cocoa trade and industry. These contracts will be
denominated in euros beginning with the September 2015 listed month.
These contracts will be subject to the rules of CME Europe and
cleared via CME Clearing Europe, CME Group's European clearing
house. A complete list of products, members and product
specifications can be found at www.cmegroup.com/europe.
For more information on Cocoa options, visit
www.cmegroup.com/cocoa.
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. 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