CME Trades One Million Micro E-Mini Equity Options03.30.2021
CME Group, the world’s leading and most diverse derivatives marketplace, announced that more than 1 million options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts have traded since launch on August 31, 2020. In addition, options on Micro E-mini Nasdaq-100 futures achieved a single-day trading record of 1,948 contracts on March 25, surpassing the prior record of 1,934 contracts reached on March 10.
We're celebrating big volumes for Micro E-mini options, with 1M+ contracts traded since launch and record daily volume of 1.9K+ Micro E-mini Nasdaq-100 options traded on March 25. https://t.co/TAC2dNEgZK pic.twitter.com/0GdnD6PWkv
— CME Group (@CMEGroup) March 29, 2021
“We are pleased with the continued growth of options on our Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures contracts, with robust interest and participation from a broad range of clients and active traders,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “These options further build on the success of their Micro futures counterparts, which have traded more than 693 million contracts since launch, and give customers another tool to manage risk and access highly liquid equity index futures markets with greater precision and efficiency.”
Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures are 1/10 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.
Micro E-mini Equity options are listed by and subject to the rules of CME. For more information and detailed specifications on options on Micro E-mini Equity futures, please visit cmegroup.com/microemini-options.
This will bolster KKR’s capacity to serve as a full-service underwriter for IPOs.
Ruling could lead to further market structure innovation.
The first Chinese companies listed their Global Depository Receipts on SIX Swiss Exchange.
The exchanges will also explore new products in ESG, ETFs, and indexes.
Share trading obligation and the double volume cap would be removed.