CME Group to Launch E-mini Russell 2000 Tuesday and Thursday Weekly Options on February 27

Rhea-AI Summary

CME Group has announced the expansion of its E-mini Russell 2000 futures options by introducing Tuesday and Thursday weekly options, set to launch on February 27, pending regulatory review. This addition complements existing options, catering to the increasing demand for short-dated options, allowing clients greater flexibility for hedging and trading around significant market events. In 2022, E-mini Russell 2000 futures recorded an impressive average daily volume exceeding 241,000 contracts. This move is part of CME's ongoing efforts to enhance its product offerings in collaboration with FTSE Russell.

Positive

• Launch of Tuesday and Thursday weekly options on E-mini Russell 2000 futures enhances product suite.
• Increased flexibility for clients to manage market exposure effectively.
• Record average daily volume of over 241,000 contracts in 2022 highlights demand and liquidity.

Negative

• None.

CHICAGO, Jan. 31, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will expand its suite of weekly options expiries for its E-mini Russell 2000 futures with the launch of Tuesday and Thursday weekly options on February 27, pending regulatory review. These new weekly options contracts will complement the existing Monday, Wednesday and Friday Weeklies, as well as End-of-Month and Quarterly options on Russell 2000 futures.

"As the demand for more short-dated options continues to grow, we are expanding our product suite to allow our clients to hedge or trade with enhanced flexibility around major market-moving events," said Paul Woolman, Executive Director of Equity Products at CME Group. "The expansion of these weekly options further builds on the deep liquidity established in E-mini Russell 2000 futures, which had record average daily volume of more than 241,000 contracts in 2022. We are proud to build on our partnership with FTSE Russell to provide market participants with a more cost-effective and efficient toolset to manage risk in the small-cap segment."

"We're pleased to build on our partnership with CME Group to address the marketplace's increased interest in short-dated contracts, offering greater precision and flexibility for trading the leading U.S. small-cap benchmark," said Shawn Creighton, Director of Index Derivatives Solutions at FTSE Russell. "The expanded suite of Weeklies adds even more granularity to clients' trading strategies, enabling them to accurately manage their market exposure throughout the week."

For more information on E-mini Russell 2000 Weekly options, please visit: www.cmegroup.com/russellweeklyoptions. 

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 and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. 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

 

View original content:https://www.prnewswire.com/news-releases/cme-group-to-launch-e-mini-russell-2000-tuesday-and-thursday-weekly-options-on-february-27-301734426.html

SOURCE CME Group

FAQ

What new options is CME launching for E-mini Russell 2000 futures?

CME is launching Tuesday and Thursday weekly options for E-mini Russell 2000 futures on February 27.

When will the new E-mini Russell 2000 weekly options be available?

The new E-mini Russell 2000 weekly options will be available starting February 27, pending regulatory review.

What was the average daily volume for E-mini Russell 2000 futures in 2022?

The average daily volume for E-mini Russell 2000 futures exceeded 241,000 contracts in 2022.

Why is CME expanding its weekly options offerings?

CME is expanding its weekly options offerings to meet the growing demand for short-dated options and provide clients with enhanced trading flexibility.