PR Newswire: news distribution, targeting and monitoring
 

CME and S&P Announce New E-mini Small Cap Stock Index Futures Contracts

 
    CHICAGO, June 19 /PRNewswire-FirstCall/ -- Chicago Mercantile Exchange
 (CME), the world's largest and most diverse financial exchange and largest
 marketplace for U.S. equity index derivatives trading, and Standard &
 Poor's Corporation, a Division of the McGraw Hill Companies, today
 announced that they have expanded their successful 25-year partnership to
 include the listing of new E-mini Small Cap Stock Index Futures Contracts
 based on the successful family of S&P U.S. equity indices, addressing the
 needs of institutional asset managers for hedging and managing portfolios
 of small cap companies. The new derivatives products will be offered
 exclusively on the CME Globex platform and will be supported by dedicated
 CME market makers. In response to customer demands and to ensure an orderly
 transfer of liquidity, CME intends to list its Russell contracts through
 the September 2008 expiration date. Following the expiration of CME's
 agreement with Russell, CME and S&P will provide trading incentives and
 execution facilities that will encourage market participants to transfer
 their open interest in CME Russell 2000 stock index futures contracts into
 the new CME/S&P E-mini Small Cap Stock Index Futures Contracts. CME and S&P
 also announced today that they plan to develop other new equity and fixed
 income products designed to address the full spectrum of institutional
 asset management trading needs.
     "CME and S&P have enjoyed the most successful and long-term stock index
 licensing relationship in the business and have the strongest brand
 recognition, product quality and liquidity in today's marketplace for
 equity derivatives, said Terry Duffy, CME Executive Chairman. "Though
 Russell has decided to move to another exchange, we look forward to
 enhancing our relationship with S&P and toward the successful continuation
 of our small cap business."
     "We value our 25-year relationship with CME," said Robert Shakotko,
 Managing Director, Index Services, Standard & Poor's. "Our E-mini S&P 500
 futures contract traded at CME has grown 338 percent in the last five
 years, from roughly $9 billion in average daily dollar volume in 2002 to
 over $90 billion in 2007. As the market leader in equity indices for the
 U.S. equity market with the S&P 500(R), S&P Mid-Cap 400(R) and S&P
 Small-Cap 600(R) family of products, we look forward to further
 strengthening our partnership with CME as we jointly develop new
 derivatives products that will further meet the trading and risk management
 needs of market users worldwide."
     "CME has been the market leader and innovator in stock index futures
 markets for more than 25 years. We have developed the most sophisticated
 technology, the broadest global distribution and institutional customer
 base and the most efficient clearing environment for equity derivatives
 transactions," said Craig Donohue, CME Chief Executive Officer. "These
 advantages will benefit us tremendously as we vigorously compete in this
 segment of the equity derivatives markets."
     About CME
     CME (http://www.cme.com) is the world's largest and most diverse
 derivatives exchange. As an international marketplace, CME brings together
 buyers and sellers on the CME Globex(R) electronic trading platform and on
 its trading floors. CME offers futures and options on futures in these
 product areas: interest rates, stock indexes, foreign exchange,
 agricultural commodities, energy, and alternative investment products such
 as weather, real estate and economic derivatives. CME is a wholly-owned
 subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq:  
 CME), which is part of the Russell 1000(R) Index and the S&P 500(R) Index.
     Chicago Mercantile Exchange, CME, the globe logo, CME Globex and E-mini
 are trademarks of Chicago Mercantile Exchange Inc. CLEARING 21 is a
 registered trademark of CME and New York Mercantile Exchange, Inc. S&P, S&P
 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, TRAKRS, Total
 Return Asset Contracts and other trade names, service marks, trademarks and
 registered trademarks that are not proprietary to Chicago Mercantile
 Exchange Inc. are the property of their respective owners, and are used
 herein under license. Further information about CME and its products is
 available on the CME Web site at http://www.cme.com.
     About Standard & Poor's
     Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
 is the world's foremost provider of financial market intelligence,
 including independent credit ratings, indices, risk evaluation, investment
 research and data. With approximately 8,500 employees, including wholly
 owned affiliates, located in 21 countries. Standard & Poor's is an
 essential part of the world's financial infrastructure and has played a
 leading role for more than 140 years in providing investors with the
 independent benchmarks they need to feel more confident about their
 investment and financial decisions. For more information, visit
 http://www.standardandpoors.com.
     Statements in this news release that are not historical facts are
 forward-looking statements. These statements are not guarantees of future
 performance and involve risks, uncertainties and assumptions that are
 difficult to predict. Therefore, actual outcomes and results may differ
 materially from what is expressed or implied in any forward-looking
 statements. More detailed information about factors that may affect our
 performance may be found in our filings with the Securities and Exchange
 Commission, including our most recent Annual Report on Form 10-K, which can
 be obtained at its Web site at http://www.sec.gov. We undertake no
 obligation to publicly update any forward-looking statements, whether as a
 result of new information, future events or otherwise.
     CME Globex and SPCTR are trademarks of Chicago Mercantile Exchange Inc.
 E-mini is a service mark of Chicago Mercantile Exchange Inc. S&P, S&P 500
 and other trade names, service marks, trademarks and registered trademarks
 that are not proprietary to Chicago Mercantile Exchange Inc. are the
 property of their respective owners, and are used herein under license.
 Further information about CME and its products is available on the CME Web
 site at http://www.cme.com.
     CME-G
 
 

SOURCE Chicago Mercantile Exchange
Back to top

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

Featured Video

 
  • Print
  • Email
  •   RSS
  • Share it  
  • Blog it  
  • Blog Search  

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Free Investing Newsletter from Investor Uprising!

Learn to navigate the world's financial system and profit from leading companies.  

Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".

Advanced Search
Search
  
  1. Products & Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire