CME Group Announces Launch of Micro E-mini Options

Rhea-AI Summary

CME Group has launched options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, available for trading as of today. These options are smaller, at 1/10^th the size of standard E-mini options. The listing cycle includes various options contracts. Since their launch, Micro E-mini futures have shown remarkable performance with 186 million S&P 500 contracts and 131 million Nasdaq-100 contracts traded. Daily trading averages 1.5 million contracts, with a notable 30% of the activity occurring outside the U.S.

Positive

• Launch of options on Micro E-mini S&P 500 and Nasdaq-100 futures.
• 186 million Micro E-mini S&P 500 contracts and 131 million Nasdaq-100 contracts traded since launch.
• Average of 1.5 million contracts traded daily in 2020.
• 30% of trading volume originates outside the U.S., indicating strong global interest.
• 93,000+ unique accounts have engaged with these futures contracts.

Negative

• None.

CHICAGO, Aug. 31, 2020 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, announced the launch of options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, which became available for trading today.

Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10^th the size of their E-mini options counterparts. The listing cycle for the new options consists of five Friday weekly options, three end-of-month options and two quarterly options contracts.

Successful options contracts require a robust, liquid underlying futures market. Since launching one year ago, Micro E-mini Equity futures have rapidly developed round-the-clock liquidity and become the most successful new product in CME Group's history. Some highlights include:

• Since launch, 186 million cumulative Micro E-mini S&P 500 futures contracts traded and 131 million cumulative Micro E-mini Nasdaq-100 futures contracts traded,
• 1.5 million contracts traded across both futures products combined, on average, each day in 2020,
• 30% of Micro E-Mini S&P 500 and Micro E-Mini Nasdaq-100 futures trading volume originated outside of the U.S. year-to-date in 2020, and
• 93,000+ unique accounts have traded both futures contracts since launch.

Micro E-mini Equity options are listed by and subject to the rules of CME. For more information and detailed specifications on options on Micro E-mini Equity futures, please visit cmegroup.com/microemini-options.

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. 

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SOURCE CME Group

FAQ

What are the new options launched by CME Group on August 31, 2020?

CME Group launched options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts.

How have the Micro E-mini futures performed since their launch?

Since launch, 186 million Micro E-mini S&P 500 contracts and 131 million Micro E-mini Nasdaq-100 contracts have been traded.

What is the average daily trading volume for Micro E-mini contracts in 2020?

The average daily trading volume for both Micro E-mini products combined is 1.5 million contracts in 2020.

What percentage of Micro E-mini futures trading volume is from outside the U.S.?

30% of the trading volume for Micro E-mini S&P 500 and Nasdaq-100 futures originated from outside the U.S. in 2020.

How many unique accounts have traded Micro E-mini contracts since their launch?

Over 93,000 unique accounts have traded Micro E-mini contracts since their launch.