CME Group to Launch E-mini S&P 500 Tuesday and Thursday Weekly Options on April 25

Rhea-AI Summary

CME Group, the leading derivatives marketplace, announced the expansion of its Micro E-mini S&P 500 options suite with the introduction of Tuesday and Thursday Weekly options starting April 25, pending regulatory review. This move aims to meet rising demand for short-dated equity options, enhancing flexibility for clients to hedge or trade during significant market events. E-mini S&P 500 options trading has seen robust growth, with an average daily volume increase of 75% year-over-year, totaling 841,214 contracts thus far in 2022.

Positive

• Expansion of Micro E-mini S&P 500 options to include Tuesday and Thursday Weeklies enhances trading flexibility.
• E-mini S&P 500 options' average daily volume is 841,214 contracts, up 75% year-over-year, indicating significant growth.

Negative

• None.

CHICAGO, March 31, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will expand its suite of Micro E-mini S&P 500 options with the launch of Tuesday and Thursday Weekly options on April 25, pending regulatory review. These new weekly options contracts will complement the existing Monday, Wednesday and Friday Weeklies, End-of-Month and Quarterly options on E-mini S&P 500 futures.

"As demand for additional short-dated equity options continues to grow, we are expanding the number of weekly expiries to allow our clients to hedge or trade with enhanced flexibility and precision around major market-moving events," 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 another way for traders 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 strengthen market accessibility and transparency through independent indices such as the S&P 500," said Aye Soe, Global Head of Core and Multi-Asset Product Management at S&P Dow Jones Indices. "As the S&P 500 marks its 65th year in 2022, it remains widely regarded as the best single gauge of the large-cap U.S. equity market with more than $13 trillion in assets indexed or benchmarked to it. Through CME Group's latest launch, S&P DJI is proud to license the S&P 500 to CME Group to expand the ecosystem of financial instruments tracking this iconic and historic benchmark."

Interest and trading activity around 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, representing a 75% increase year-over-year.

For more information on E-mini S&P 500 Weekly options, please visit: www.cmegroup.com/eqweeklyoptions.

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. 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 new options is CME launching on April 25?

CME is launching Tuesday and Thursday Weekly options for Micro E-mini S&P 500.

Why is CME Group expanding its options suite?

The expansion aims to meet growing demand for additional short-dated equity options.

What has been the trading volume trend for E-mini S&P 500 options?

The average daily volume for E-mini S&P 500 options has increased by 75% year-over-year.

How many contracts are traded daily for E-mini S&P 500 options?

There are 841,214 contracts traded daily on average for E-mini S&P 500 options.