CME Group to Launch €STR Options in Q1 2024

Rhea-AI Summary

CME Group - CME to Launch Options on €STR Futures in Q1 2024

Positive

• Consistently strong volumes and open interest in €STR futures
• 80% of market participants choose CME Group for European Short Term Rate futures trading
• Options on €STR futures to provide a holistic derivatives solution for managing risk in European interest rate markets

Negative

• None.

CHICAGO, Nov. 20, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on €STR futures, beginning in Q1 2024.

"With consistently strong volumes, open interest in our €STR futures has continued growing exponentially during 2023, now up to 29,000 contracts, with over 80% of market participants choosing CME Group as their home for European Short Term Rate futures trading," said Mark Rogerson, EMEA Head of Interest Rate Products, CME Group. "Adding options to our growing €STR futures contracts will provide clients with the first holistic €STR derivatives solution that allows them to navigate continued economic uncertainty and more accurately manage their risk in European interest rate markets."

In November, CME Group €STR futures reached an average daily volume (ADV) of 17,000 contracts – with a single-day record of 39,836 contracts traded on November 10.

€STR options will be listed by and subject to the rules of CME. For more information on €STR futures from CME Group, please visit our product page here.

About CME Group

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.

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View original content:https://www.prnewswire.com/news-releases/cme-group-to-launch-str-options-in-q1-2024-301992800.html

SOURCE CME Group

FAQ

What is CME Group announcing?

CME Group will launch options on €STR futures in Q1 2024.

What are the key highlights of the announcement?

The announcement highlights the consistently strong volumes and open interest in €STR futures, with 80% of market participants choosing CME Group for European Short Term Rate futures trading. The introduction of options on €STR futures will provide a holistic derivatives solution for managing risk in European interest rate markets.

What is the average daily volume of CME Group €STR futures in November?

In November, CME Group €STR futures reached an average daily volume (ADV) of 17,000 contracts, with a single-day record of 39,836 contracts traded on November 10.