CHICAGO, March 31, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, announced today that it will expand its suite of Micro E-mini S&P 500 options with the introduction of Tuesday and Thursday weekly options April 25th, pending regulatory review. These new weekly options contracts complement existing weekly Monday, Wednesday and Friday, month-end and quarterly options on E-mini S&P 500 futures.
“As demand for additional short-dated stock options continues to grow, we are expanding the number of weekly expirations to allow our clients to hedge or trade on key market-moving events with increased flexibility and precision,” he said Tim McCourt, CME Group Global Head of Equity and FX Products. “The addition of Tuesday and Thursday Weekly Options also builds on our longstanding partnership with S&P Dow Jones Indices and provides traders with another way to access our deep, liquid underlying E-mini S&P 500 futures markets.”
“S&P Dow Jones Indices and CME Group share a deep commitment to enhancing market accessibility and transparency through independent indices like the S&P 500,” said Aye Soe, global head of core and multi-asset product management at S&P Dow Jones Indices. “Like the S&P 500 marks Now in its 65th year in 2022, it is still widely regarded as the best single benchmark for the US large-cap stock market at more than 13 trillion dollars in assets indexed or benchmarked to it. With the recent launch of CME Group, S&P DJI is proud to license the S&P 500 to CME Group to expand the ecosystem of financial instruments that track this iconic and historical benchmark.”
Interest and trading activity surrounding E-mini S&P 500 options continues to grow. Year-to-date, E-mini S&P 500 Monday, Wednesday and Friday Weekly Options Average daily volume is 841,214 contracts, up 75% year-on-year.
For more information on the E-mini S&P 500 weekly options, visit: www.cmegroup.com/eqweeklyoptions.
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables its clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data – empowering market participants worldwide to manage risks efficiently and seize opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indices, forex, energy, agricultural products and metals. The Company offers futures and options trading through the CME Globex® platform, fixed income trading through BrokerTec and FX trading through the EBS platform. In addition, it operates CME Clearing, one of the world’s leading clearing providers for central counterparties.
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 and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are services 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.
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SOURCE CME Group
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