CHICAGO, Oct. 8, 2015 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the launch of Short-Dated New Crop options based on the
May CBOT Soybean futures contract reflecting the South American
harvest. These new contracts will expand the existing suite of
Short-Dated New Crop options offered to customers and will be
available for trading as of November 2,
2015, pending all relevant regulatory review periods.
"Short-Dated New Crop options on our global benchmark CBOT grain
and oilseeds have been successful because they offer our customers
a flexible and cost-effective tool to manage new crop price risk,"
said Tim Andriesen, CME Group's
Managing Director of Agricultural Commodities. "These short-dated
options will benefit producers in Brazil, Argentina, Uruguay and Paraguay seeking to more cost effectively
hedge grain prices timed to their crop cycle, while providing
global grain traders and customers additional trading and arbitrage
opportunities. We're offering these new options to better meet the
needs of the growing South American producer base."
South American Short-Dated New Crop Soybean options will match
the new crop soybean cycle in the southern hemisphere. These
contracts will be options on the underlying May CBOT Soybean
futures with earlier expiring contract months being listed – July,
September, November, January and March.
These contracts will be available for trading electronically via
CME Globex, open-outcry trade in the Soybean options pit and
submission for clearing through CME ClearPort. South American
Short-Dated New Crop Soybean options will be listed by and subject
to the rules of CBOT.
Since their introduction in June
2012, Short-Dated New Crop options have traded more than 2.3
million contracts, with Soybeans accounting for 19 percent of that
trading volume. During 2015-to-date, combined short-dated options
averaged more than 14,000 contracts traded each day, including 750
Soybean contracts per day. Short-Dated New Crop options reached a
record 116,579 contracts traded on June 26,
2015.
For more information on Short-Dated New Crop Options visit
www.cmegroup.com/sdnc.
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