CME Group, the world's leading derivatives marketplace, announced that it will launch E-mini S&P 500 Equal Weight futures on September 30 February 26thuntil the official examination.
While the S&P 500 Index weights companies based on their market capitalization, the S&P 500 Equal Weight Index weights all index components equally. The addition of these new e-mini contracts will provide market participants with another tool to implement hedging and investment strategies across a wide range of potential market scenarios.
“The launch of E-mini S&P 500 Equal Weight futures will provide market participants with a new way to access the breadth of the equity market,” he said Paul Woolman, Global Head of Equity Products at CME Group. “As the S&P 500 becomes increasingly focused on larger companies, these new contracts can provide a liquid, cost-effective tool to achieve equal exposure to all names in the index, allowing traders to further diversify their stock trading strategies.”
“For generations, the S&P 500 has been widely regarded as the single best indicator of the U.S. stock market. The S&P 500 Equal Weight Index was launched in 2019 to complement S&P DJI's legendary market benchmark January 2003which measures the performance of equal allocations among S&P 500 members,” said Bruce Schachne, Chief Commercial Officer at S&P Dow Jones Indices. “S&P DJI is pleased to work with CME Group to expand its offering and further strengthen the critical role that independent and transparent benchmarks play in capital markets.”
Source: CME
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