CHICAGO, July 11, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the successful launch of futures and options based on the
Russell 2000® Index. The total volume through the first trading day
was 2,918 contracts across futures, options and BTIC from 76 market
participants. Open interest reached 712 as of July 10.
"Offering the Russell 2000® Index at CME Group to trade
alongside our suite of equity index benchmarks provides our
customers greater capital and risk management efficiencies," said
Tim McCourt, CME Group's Global Head
of Equity Products. "We're pleased to provide a powerful tool for
investors seeking to manage risk in the small-cap segment."
"We are thrilled that the Russell 2000® Index Futures and
Options derivatives contracts are returning to CME Group," said
Ron Bundy, CEO of North America
Benchmarks at FTSE Russell. "These major equity indices are widely
used by traders for global exposure and risk management and the
first trades mark the next phase of our broader London Stock
Exchange Group and CME Group partnership, which was announced in
2015."
Launched in response to strong customer demand, CME Group's new
Russell 2000® Index futures and options products are an efficient
hedge to cash index options, with the choice of flexible execution
through basis trade at index close (BTIC) functionality. Through
greater certainty and precision, and enhanced flexibility, BTIC
trades can mitigate jump risk and reestablish equity index
exposure.
E-mini® Russell 2000® Index futures and options, E-mini® Russell
2000® Growth Index futures and E-mini® Russell 2000® Value Index
futures are listed by and subject to the rules and regulations of
the Chicago Mercantile Exchange. For more information, please visit
www.cmegroup.com/russell2000.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. Through its exchanges, CME Group offers 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. CME Group provides electronic trading globally on its
CME Globex platform. The company also offers clearing
and settlement services across asset classes for exchange-traded
and over-the-counter derivatives through its clearinghouses CME
Clearing and CME Clearing Europe. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City 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. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group