Derivatives marketplace CME Group (NASDAQ:CME) announced that more than 310,000 Micro E-mini futures contracts traded yesterday across all four indices – the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average indexes.
Total cumulative volume makes Micro E-minis the most successful new product launch in CME Group’s history.
We are pleased to see strong customer interest and support for the new Micro E-mini equity index futures,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “This new product further strengthens CME Group’s ability to help traders of all sizes manage portfolio risk — around the clock and around the world — using our liquid and time-tested markets.
Micro E-mini equity index futures are one-tenth the size of CME Group’s existing E-mini equity index futures. The 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.
LeapRate reminds that CME Group’s new legal entity CME Amsterdam B.V. has been fully operational since 18 March 2019.