CHICAGO and NEW YORK, Oct. 27, 2020 /PRNewswire/
-- CME Group, the world's leading and most diverse derivatives
marketplace, and Nasdaq, a global technology company
serving the capital markets and other industries, today
announced futures on the Nasdaq Veles California Water Index
(NQH20) will be available for trading Dec.
7, pending regulatory review.
"At a time when businesses and communities around the world face
increasing water risks, we believe market-based solutions like our
new Nasdaq Veles California Water Index futures can be an important
part of the solution," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "Building on our partnership with
Nasdaq, we are pleased to make this contract available to
help agricultural, commercial and municipal water users hedge their
exposure to uncertain water prices in California with greater price discovery and
risk management."
As previously announced, the new California water
futures contract will be financially settled based on the Nasdaq
Veles California Water Index, meaning no physical water will be
traded.
Nasdaq Veles California Water Index futures will be listed by
and subject to the rules of CME. For more information and contract
specifications, please visit www.cmegroup.com/waterfutures.
For more information on the NQH20 Index developed in partnership
with Veles Water Limited, visit www.Nasdaq.com/waterindexes.
About CME Group
As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com)
enables clients to trade futures, options, cash and OTC markets,
optimize portfolios, and analyze data – empowering market
participants worldwide to efficiently manage risk and capture
opportunities. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago 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. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. 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.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
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SOURCE CME Group