CME Group to Launch Micro E-mini Nasdaq-100 and S&P 500 Monday, Tuesday, Wednesday and Thursday Weekly Options on February 13

Rhea-AI Summary

CME Group announced the expansion of its weekly options for Micro E-mini Nasdaq-100 and S&P 500 futures, launching contracts on Mondays, Tuesdays, Wednesdays, and Thursdays starting February 13, pending regulatory approval. This move adds to existing Friday Weeklies and aims to meet growing demand for short-dated equity options. In 2022, the trading volume for these products surged over 50% year-over-year, with significant daily average volumes recorded: Micro E-mini Nasdaq-100 at 1.45 million contracts and S&P 500 at 1.37 million contracts. CME Group continues to enhance its partnership with Nasdaq and S&P Dow Jones Indices to provide traders with better risk management tools.

Positive

• Expansion of weekly options is expected to meet increasing demand for short-dated equity options.
• Trading volume for Micro E-mini products rose over 50% year-over-year in 2022.
• Record average daily volumes of 1.45 million for Nasdaq-100 futures and 1.37 million for S&P 500 futures indicate robust market interest.

Negative

• None.

CHICAGO, Jan. 17, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will expand its suite of weekly options expiries for its Micro E-mini Nasdaq-100 and S&P 500 futures with the launch of Monday, Tuesday, Wednesday, and Thursday Weekly options on February 13, pending regulatory review. These new weekly options contracts will complement the existing Friday Weeklies, End-of-Month and Quarterly options on Micro E-mini Nasdaq-100 and S&P 500 futures.

"Micro E-mini Equity Index futures and options have become among the most actively traded equity index products at CME Group, achieving a combined record volume increase in 2022 of more than 50% year-over-year," said Paul Woolman, Executive Director of Equity Products at CME Group. "As demand for additional short-dated equity options continues to grow, we are building on our longstanding partnership with Nasdaq and S&P Dow Jones Indices to allow our clients to take advantage of our deeply liquid underlying futures markets to hedge or trade with enhanced flexibility and precision."

Interest and trading activity around Micro E-mini Nasdaq-100 and S&P 500 options continues to grow, with more than 6.6 million combined contracts traded to date. Additionally, the expansion of these weekly options builds on the deep liquidity established in Micro E-mini Nasdaq-100 and S&P 500 futures, which both had record average daily volume (ADV) years in 2022:

• Record Micro E-Mini Nasdaq-100 futures ADV of 1,453,985 contracts
• Record Micro E-Mini S&P 500 futures ADV of 1,370,415 contracts

"Nasdaq is excited to enhance our partnership with CME Group and provide access to the world's most innovative companies via the Nasdaq-100," said Cameron Lilja, Vice President and Global Head of Index Product and Operations at Nasdaq. "The Nasdaq-100 represents one of the world's preeminent large-cap growth indexes, and the expansion of our suite of options supports the investment community with more versatile tools as investors look to manage risk and meet investment objectives."

"S&P Dow Jones Indices is committed to strengthening market transparency through the utilization and liquid ecosystem of its independent and rules-based indices such as the S&P 500," said Tim Brennan, Head of Capital Markets at S&P Dow Jones Indices. "By CME Group offering additional expirations based on this iconic and historic benchmark, market participants will have more index-related insights on risks, returns and opportunities in the U.S. equity markets."

For more information on Micro E-mini options, please visit: www.cmegroup.com/microeminis.

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  

 

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SOURCE CME Group

FAQ

What new options is CME launching on February 13?

CME Group is launching new weekly options for Micro E-mini Nasdaq-100 and S&P 500 futures on Mondays, Tuesdays, Wednesdays, and Thursdays.

What was the trading volume increase for Micro E-mini products in 2022?

The trading volume for Micro E-mini products increased by over 50% year-over-year in 2022.

What are the recorded average daily volumes for Micro E-mini Nasdaq-100 and S&P 500 futures?

Micro E-mini Nasdaq-100 futures recorded an average daily volume of 1.45 million contracts, while S&P 500 futures had 1.37 million contracts.

Why is CME expanding its weekly options offerings?

CME is expanding its weekly options offerings to cater to the growing demand for additional short-dated equity options.