CHICAGO, Jan. 15, 2016 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the successful launch of Ultra 10-Year U.S. Treasury Note
futures and options. The total volume through the first four
trading days was 60,968 contracts with participation from more than
80 firms. Open interest reached 20,041 as of Jan. 14. Trading volume and open interest in this
new contract has increased each day. Trading was active during all
three global trading sessions, with the first trades taking place
during the opening of the Asian session, shortly after 5 p.m. CT on Sunday, Jan. 10.
"We have seen unprecedented activity in these contracts," said
Agha Mirza, CME Group Global Head of
Interest Rate Products. "The Ultra 10-Year contract is the most
successful interest rate product launched in the U.S. in the last
decade. The second most successful product is the Ultra Treasury
Bond futures contract, launched on the same day in 2010 and now
averages more than 115,000 contracts per day in trading
volume."
CME Group continues to see strong participation in the existing
10-Year Note Future (TY). Open interest in TY increased by 168,170
contracts in the first four trading days following the listing of
the Ultra 10-Year.
"The Ultra 10-Year contract will provide us with a more
efficient hedging instrument for the 10-year part of the Treasury
curve," said Sam Priyadarshi, Head
of Fixed Income Derivatives at The Vanguard Group. "It will be a
good complement to the existing CBOT Treasury futures complex. The
Ultra 10-Year contract bridges the gap between the 10-Year futures
contract and the Long bond contract."
The Ultra 10-Year futures were launched in response to
overwhelming client demand to create a product that precisely
tracked the 10-year point on the Treasury curve, one of the most
active fixed income benchmarks. This is highly complementary to
existing CME Group futures products including TY, which has a
deliverable basket that includes securities with as short as
6-and-a-half years to maturity, in comparison to the Ultra 10-Year,
which is limited to those with at least nine years, five months
remaining term to maturity. These contracts are listed by and
subject to the rules of the CBOT.
For more information on CME Group's Ultra 10-Year, please visit
www.cmegroup.com/ultra10.
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. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri, 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