CME Group to Launch Micro E-mini S&P MidCap 400 and Micro E-mini S&P SmallCap 600 Futures on March 20
CME Group has announced the launch of Micro E-mini S&P MidCap 400 and Micro E-mini S&P SmallCap 600 futures, set to debut on March 20, 2023, pending regulatory review. These contracts are smaller versions of existing E-mini futures, designed to provide enhanced flexibility for managing equity market risk.
With the inclusion of these contracts, CME Group extends its Micro E-mini futures offering to cover all S&P indices, enhancing access for various market participants. Since May 2019, Micro E-mini S&P 500 futures have seen over 871 million contracts traded, reflecting strong demand.
- Launch of Micro E-mini S&P MidCap 400 and SmallCap 600 futures on March 20, 2023.
- Expands CME Group's Micro E-mini futures lineup to all S&P indices, enhancing market versatility.
- Over 871 million contracts traded in Micro E-mini S&P 500 since launch, indicating strong market interest.
- None.
CHICAGO, Feb. 21, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will launch Micro E-mini S&P MidCap 400 and Micro E-mini S&P SmallCap 600 futures on March 20, pending regulatory review. These new contracts will complement the existing E-mini S&P MidCap 400 and E-mini S&P SmallCap 600 futures.
"At one-tenth the size of their E-mini counterparts, our new Micro E-mini MidCap 400 and SmallCap 600 futures contracts will provide enhanced versatility to market participants as they manage equity market risk," said Paul Woolman, Executive Director of Equity Products at CME Group, "With the addition of these two new contracts, we will now have Micro E-mini futures available to trade across the entire suite of S&P indices – large-, mid-, and small-cap – both extending the reach of these sectors to a broader array of market participants, as well as providing a more precise toolset for investors to scale index exposure."
These new contracts will also expand on the company's existing Micro E-mini S&P 500 futures, which have traded more than 871 million contracts since their launch in May 2019.
"The S&P MidCap 400 and S&P SmallCap 600 indices are two of S&P Dow Jones Indices' flagship U.S. equity benchmarks. Along with the iconic S&P 500 Index, these two widely tracked benchmarks offer market participants with diverse market capitalization exposures to U.S.-based and exchange-listed companies and are distinct barometers measuring specific U.S. equity market segments," said Tim Brennan, Head of Capital Markets at S&P Dow Jones Indices. "As CME Group rounds out its offering of contracts by licensing these leading equity indices, market participants will have a more holistic and transparent view of the U.S. equity market through a mix of small-, mid- and large-cap stocks."
For more information on Micro E-mini S&P futures, please visit: www.cmegroup.com/microemini.
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 ,S&P 400®, S&P MidCap 400®, S&P 600® and S&P SmallCap 600® 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, S&P 400 and S&P 600 Indexes 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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SOURCE CME Group
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