CME Group to launch €STR Options
20 November 2023 US
Image: Nakron/stock.adobe.com
Derivatives marketplace CME Group will launch options on €STR futures in Q1 2024.
The firm enables clients to trade futures, options, cash and over-the-counter (OTC) markets, optimise portfolios, as well as to analyse data.
In November, CME Group €STR futures reached an average daily volume (ADV) of 17,000 contracts — with a single-day record of 39,836 contracts traded on 10 November.
Commenting on the news, Mark Rogerson, EMEA head of interest rate products, CME Group, says: “With consistently strong volumes, open interest in our €STR futures has continued growing exponentially during 2023, now up to 29,000 contracts, with more than 80 per cent of market participants choosing CME Group as their home for European short term rate futures trading.
“Adding options to our growing €STR futures contracts will provide clients with the first holistic €STR derivatives solution that allows them to navigate continued economic uncertainty and more accurately manage their risk in European interest rate markets.â€
The firm enables clients to trade futures, options, cash and over-the-counter (OTC) markets, optimise portfolios, as well as to analyse data.
In November, CME Group €STR futures reached an average daily volume (ADV) of 17,000 contracts — with a single-day record of 39,836 contracts traded on 10 November.
Commenting on the news, Mark Rogerson, EMEA head of interest rate products, CME Group, says: “With consistently strong volumes, open interest in our €STR futures has continued growing exponentially during 2023, now up to 29,000 contracts, with more than 80 per cent of market participants choosing CME Group as their home for European short term rate futures trading.
“Adding options to our growing €STR futures contracts will provide clients with the first holistic €STR derivatives solution that allows them to navigate continued economic uncertainty and more accurately manage their risk in European interest rate markets.â€
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