Micro E-mini Equity Options Surpass 1.5 Million Contracts Traded

Rhea-AI Summary

CME Group announced that its Micro E-mini Equity options have surpassed 1.5 million contracts traded as of June 18, 2021. These options, which were launched in August 2020, complement the existing Micro E-mini Equity futures. Since their May 2019 launch, over 800 million Micro E-mini Equity futures contracts have been traded across four major indices. CME Group's Tim McCourt highlighted the popularity and robust participation in these options among various traders, particularly emphasizing their unique micro-sized offering that enhances risk management capabilities.

Positive

• Micro E-mini Equity options have surpassed 1.5 million contracts traded within the first few months.
• Over 800 million combined Micro E-mini Equity futures contracts have been traded since May 2019.
• The introduction of micro-sized options allows traders to manage risk with greater precision and efficiency.

Negative

• None.

CHICAGO, June 23, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that its Micro E-mini Equity options surpassed 1.5 million contracts traded on Friday, June 18.

Options on Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures were introduced in August 2020 to build on the strength and liquidity of CME Group's suite of Micro E-mini Equity futures on the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average indices. Since their May 2019 launch, more than 800 million combined Micro E-mini Equity futures contracts have traded across all four indices.

"We are pleased with the strong growth and increasingly robust participation we've seen in our Micro E-mini Equity options in their first few months of trading, including among institutions and sophisticated, active traders," said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. "We are the only exchange to offer micro-sized options on U.S. equity index futures, which are among the most deeply liquid and actively traded equity index products. These options further build on the success of their Micro futures counterparts and provide traders of all sizes with another tool to manage risk with greater precision and efficiency, nearly 24/7 around the globe."

Options on Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10^th the size of their E-mini options counterparts. The smaller size allows active traders of all sizes to more nimbly execute equity trading strategies, scale index exposure up or down or hedge existing equity portfolio positions.

For more information on Micro E-mini Equity Index futures and options from CME Group, please see: www.cmegroup.com/microeminis.

As the world's leading and most diverse 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. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

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, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., 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. 

CME-G   

 

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SOURCE CME Group

FAQ

What is the significance of CME's Micro E-mini Equity options trading volume?

The trading volume of over 1.5 million contracts indicates strong market interest and participation in CME's Micro E-mini Equity options, enhancing liquidity.

When were the Micro E-mini Equity options launched?

CME Group launched the Micro E-mini Equity options in August 2020.

How many combined Micro E-mini Equity futures contracts have been traded?

Since their launch in May 2019, over 800 million combined Micro E-mini Equity futures contracts have been traded.

What are the benefits of Micro E-mini Equity options?

These options provide traders with micro-sized contracts that allow for more precise risk management and flexible trading strategies.

Which indices do the Micro E-mini options cover?

Micro E-mini options cover the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average indices.