CHICAGO, April 12, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that starting July 10,
2017, CME Group will launch both futures and options based
on the Russell 2000® Index, as
well as basis trade at index close (BTIC) functionality on the
futures contracts, pending regulatory approval.
The full list of new contracts available to trade follows:
- E-mini® Russell 2000® Index
Futures
- Options on E-mini® Russell
2000® Index Futures
- Weekly Options on E-mini® Russell 2000® Index Futures
- Options on E-mini® Russell
2000® Index Futures - End-of-Month
- E-mini® Russell 2000® Growth
Index Futures
- E-mini® Russell 2000® Value
Index Futures
"We're pleased to bring the Russell 2000® index back to CME Group where
traders will now be able to access major equity indices on a single
platform," said Tim McCourt, CME
Group's Global Head of Equities. "Offering these new products at
CME Group will provide our customers a more cost-effective
opportunity for global exposure using futures and options, with
margin offsets of up to 70 percent against the S&P 500, Nasdaq
and Dow Jones indices."
The Russell 2000® Index is the
standard recognized benchmark measuring the performance of the
small-cap segment of the U.S. stock market. With the growing
popularity of passive investing, indexing data has become more
valuable for investors. In August
2015, CME Group and London Stock Exchange Group announced a
partnership to list derivatives contracts based on Russell indexes.
"We are excited to continue providing robust liquidity in
Russell 2000® options as they
transition to CME Group's platform," said Frank Bednarz, Global Co-Head of Trading, CTC
Trading Group, L.L.C. "These are powerful tools for investors
seeking to manage risk in the important small-cap segment."
"Equity Index futures and options are among the top products
traded by our futures clients," said Dan
Ryba, Vice President of Futures Brokerage at E*TRADE. "We
look forward to CME Group offering the Russell 2000® futures and options, which
further complements their equity offering."
"As a trader, having the Russell 2000® at CME Group provides me with
cost efficiencies and greater flexibility to trade against other
index products like the Dow and S&P," said professional trader
Morad Askar of FuturesTrader71.com.
"I'm glad to see it will be trading on CME Group in July and look
forward to trading the contract."
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 BTIC.
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
will be 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. Russell 2000® is a trademark and service mark
of the Frank Russell Company, used under license. All other
trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group