LONDON and CHICAGO, Jan. 5,
2017 /PRNewswire/ -- CME Group, the world's
leading and most diverse derivatives marketplace, today announced
the expansion of the foreign exchange (FX) offering with six FX
monthly futures contracts. These new contracts provide FX market
participants with access to the front months of the FX forward
curve with the capital and operational benefits of trading listed
futures. FX monthly futures are scheduled for trading on
Monday, February 27, 2017 and will be
listed on Chicago Mercantile Exchange (CME) subject to regulatory
review.
FX monthly futures will be offered on six currency pairs where
CME Group already offers quarterly futures: AUD, GBP, CAD, EUR, JPY
and EUR/GBP. For each currency pair an additional three monthly
contracts will be listed at any given time resulting in four
consecutive months of monthly expiries. The first serial listed
will be the April 2017 contract.
"The launch of FX monthly futures is in response to feedback
from global customers who want to trade FX futures for the capital
efficiencies they bring but require increased granularity to meet
their hedging needs" said Paul
Houston, Executive Director and Global Head of FX at CME
Group. "CME is a primary FX market, offering users the ability to
trade FX in an efficient and transparent manner. Our current number
of large open interest holders in foreign exchange show record
levels of participation in our marketplace."
Tom Gentile, Head of FX trading
at Crabel Capital Management says, "We are excited for the launch
of FX monthly futures at CME as more tenor granularity will give
the market increased flexibility in which to trade."
Jack Hansen, Chief Investment
Officer at Parametric Portfolio Associates says, "Parametric has
been using CME products for over 30 years to provide our clients
with effective exposure overlays and currency risk management
solutions, and we welcome the added flexibility provided by new
monthly maturities."
CME Group is the largest regulated FX marketplace in the world
and offers an innovative global product suite of more than 90
futures and more than 30 options contracts. For further
information, please visit www.cmegroup.com/fx.
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 products and metals.
Around the world, CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its exchanges based in Chicago,
New York and London. 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 and
over-the-counter derivatives. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cme-group-expands-fx-offering-with-launch-of-fx-monthly-futures-contracts-300385830.html
SOURCE CME Group