CME Group plans to expand its offering of weekly options history for its Micro E-mini Nasdaq 100 and S&P 500 futures.
© Shutterstock
The world’s leading derivatives marketplace will launch Monday, Tuesday, Wednesday and Thursday weekly options on February 13, pending regulatory review. The new weekly options contracts complement existing Friday weeklies, end-of-month and quarterly options on Micro E-mini Nasdaq 100 and S&P 500 futures.
“Micro E-mini Equity Index futures and options are among the most actively traded equity index products at CME Group, delivering a record combined volume increase of more than 50% year-on-year in 2022,” Paul Woolman, executive director of equity products at CME Group said. “As demand for additional short-dated equity options continues to grow, we are building on our longstanding partnership with Nasdaq and S&P Dow Jones Indices to allow our clients to leverage our highly liquid underlying futures markets to hedge or trade with greater precision .”
Interest and trading activity surrounding Micro E-mini Nasdaq 100 and S&P 500 options continues to grow, with more than 6.6 million combined contracts traded to date.
“Nasdaq is pleased to expand our partnership with CME Group and provide access to the world’s most innovative companies through the Nasdaq 100,” said Cameron Lilja, vice president and global head of Index Product and Operations at Nasdaq. “The Nasdaq 100 is one of the world’s preeminent large-cap growth indexes, and expanding our range of options provides the investment community with more versatile tools as investors seek to manage risk and meet investment goals.”
The expansion of these weekly options builds on the deep liquidity established in Micro E-mini Nasdaq 100 and S&P 500 futures. Both had record-breaking average daily volume (ADV) in 2022 with 1,453,985 contracts for Micro E-mini Nasdaq-100 and 1,370,415 contracts for Micro E-mini S&P 500.
“S&P Dow Jones Indices is committed to enhancing market transparency through the leverage and liquid ecosystem of its independent and rules-based indexes, such as the S&P 500,” said Tim Brennan, head of capital markets at S&P Dow Jones Indices. “By offering additional expiry dates based on this iconic and historical benchmark, CME Group will provide market participants with more index-related insight into risks, returns and opportunities in the US equity markets.”
Comments are closed.