CHICAGO, Oct. 1, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will expand its suite of Nikkei 225
futures contracts with the addition of yen- and U.S.
dollar-denominated Micro Nikkei futures on October 28, pending regulatory review.
Sized at 50 yen and $0.50, respectively, these new micro-sized
contracts will allow traders to capture Japanese benchmark trading
opportunities with greater precision and will add to CME Group's
existing suite of standard and E-mini Nikkei contracts.
"The addition of micro-sized yen- and U.S. dollar-denominated
Nikkei futures contracts will allow global market participants to
gain efficient access to the broader Japanese stock market, while
also mitigating FX exposure and allowing more granular trading
capabilities," said Paul Woolman,
Global Head of Equity Index Products at CME Group. "Year-to-date,
nearly 75% of trades in our Nikkei futures occurred outside of
Tokyo cash hours, underscoring the
need for around-the-clock liquidity for global market participants
to manage their equity risk. Similar to their larger parent
contacts, the smaller size futures contracts will also offer
greater potential capital and margin efficiency."
Micro Nikkei futures will join CME Group's growing suite of
micro equity futures contracts, which have traded more than 2.9
billion contracts to date. The launch of Micro Nikkei futures also
marks 20 years since the listing of
the first Nikkei futures contracts on CME Globex in 2004. Recent
trading highlights include:
- 220 million cumulative Nikkei futures contracts traded since
2004
- Year-to-date average daily volume of 41,000 contracts, up 9%
year-over-year
- Year-to-date open interest of 67,000 contracts, up 2%
year-over-year
For more information on these products, please visit
www.cmegroup.com/micronikkei.
As the world's leading 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.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group