CME Group to Launch Six New E-mini Sector Index Futures on August 8
CME Group announced the launch of six new E-mini Sector futures contracts on August 8, 2022, pending regulatory approval. The new contracts aim to meet growing market demand for targeted sector exposure and include: E-mini S&P Regional Banks, Insurance, Biotechnology, Oil & Gas Exploration, Retail, and PHLX Semiconductor Sector Index futures. CME's existing Sector futures suite has seen a record 14% average daily volume increase in 2022, indicating strong market activity.
- New contracts introduced to meet market demand.
- Record 14% increase in average daily volume in 2022.
- None.
CHICAGO, July 7, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to expand its suite of Sector futures with the addition of six new contracts on August 8, pending regulatory review. These new contracts will include:
- E-mini S&P Regional Banks Select Industry futures
- E-mini S&P Insurance Select Industry futures
- E-mini S&P Biotechnology Select Industry futures
- E-mini S&P Oil & Gas Exploration and Production Select Industry futures
- E-mini S&P Retail Select Industry futures
- E-mini PHLX Semiconductor Sector Index futures
"We continue to see strong market demand for liquid, cost-effective and capital-efficient tools to track the same underlying indices as some of the most popular ETFs," said Tim McCourt, CME Group Global Head of Equity and FX Products. "These new contracts will provide more opportunities and versatility in managing sector exposure and will complement the growing liquidity pool of our existing Sector futures product suite, which cover more than 10 S&P Select Sectors, as well includes Dow Jones US Real Estate and Nasdaq Biotech futures, giving clients more tools to meet their trading needs."
"We are very pleased to expand our ongoing collaboration with CME Group with the launch of the exchange's latest series of E-mini futures contracts based on the S&P Select Industry Indices," said Aye Soe, Global Head of Core and Multi-Asset Product Management at S&P Dow Jones Indices. "These popular family of indices measure the performance of stocks that comprise specific Global Industry Classification Standard sub-industries and reflect growing market demand for more targeted and diverse industry exposures as investors navigate uncertain and volatile market conditions."
"Launched in 1993, the PHLX Semiconductor Sector Index™ has been particularly relevant recently as it reflects a transformative period for the semiconductor industry," said Cameron Lilja, Vice President, Global Head of Index Product, Nasdaq. "We are pleased to expand our long-term partnership with CME Group by continuing to provide timely and innovative solutions that help investors achieve their investment objectives amid ever-evolving market dynamics."
CME Group's existing Sector futures product suite, which includes the E-mini Select Sectors Index futures, E-mini Dow Jones Real Estate Index futures and E-mini Nasdaq Biotech Index futures, have been growing significantly over the last few years, with 2022-to date average daily volume (ADV) up a record
For more information on this product, please see: www.cmegroup.com/sectors,
The S&P Select Industry Indices are a product of S&P Dow Jones Indices LLC ("S&P DJI"). S&P®, S&P 500® and US500 are trademarks of Standard & Poor's Financial Services, LLC, and have been licensed for use by S&P DJI and CME Group, Inc. The E Mini Sector Index Futures are not sponsored, endorsed, sold or promoted by S&P DJI, or its affiliates and neither S&P DJI nor its affiliates make any representations or recommendations concerning the advisability of investing such futures.
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
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