StockNews.AI
CME
StockNews.AI
161 days

CME Group to Launch Bloomberg Commodity (BCOM) Subindex Futures on March 31

1. CME Group to launch BCOM Subindex futures on March 31, pending review. 2. New futures cover seven commodity index sectors to manage asset volatility. 3. Average daily volume for BCOM futures rose 230% year-over-year. 4. Open interest for BCOM contracts increased to 268,000 contracts, worth $3.4 billion. 5. CME aims to enhance risk management and trading strategies for investors.

7m saved
Insight
Article

FAQ

Why Bullish?

The introduction of new futures products typically leads to increased trading activity and liquidity, enhancing CME's attractiveness. Historical data shows that product expansions have positively influenced CME's stock price due to heightened interest and participation from market players.

How important is it?

This article highlights CME's strategic product expansion, which is crucial for maintaining competitive edge in the derivatives market. Given the major increase in existing product volumes, this move is likely to drive investor interest and affect CME's market position significantly.

Why Short Term?

The launch is scheduled for March 31, indicating an immediate potential boost in trading volume. Moreover, existing BCOM futures have demonstrated significant growth, suggesting that new products will similarly attract interest quickly.

Related Companies

CMEBLOOMBERG
, /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch Bloomberg Commodity (BCOM) Subindex futures on March 31, pending regulatory review. BCOM Subindex futures will be available across seven leading commodity index sectors, providing investors with the ability to express their views around sector-specific asset volatility on their portfolios, including: BCOM Agriculture Subindex futures BCOM Grains Subindex futures BCOM Livestock Subindex futures BCOM Petroleum Subindex futures BCOM Energy Subindex futures BCOM All Metals Subindex futures BCOM Precious Metals Subindex futures "Building on the success and liquidity of BCOM futures, these new contracts will provide market participants with seven additional ways to capture commodity index sector exposure," said Paul Woolman, Global Head of Equity Index Products at CME Group. "In today's markets, commodity risk management is as important as ever, and these new tools will help traders to hedge against adverse price moves or pursue opportunities in these markets. The addition of BCOM Subindex futures will also offer clients greater potential to access capital and margin efficiencies when implementing commodity index trading strategies." "Bloomberg is excited to support CME Group's expansion of investible commodity products and introduction of BCOM Subindex futures," said Umesh Gajria, Global Head of Index Linked Products, Bloomberg Index Services Limited. "The launch reflects the growing usage of BCOM-based strategies and offers investors new ways to manage sector-specific risks across key commodity segments." BCOM Subindex futures will join the growing suite of CME Group BCOM products, including BCOM futures and options, BCOM swaps and BCOM Roll Select futures. Year-to-date trading highlights include: Average daily volume of 3,800 contracts, up 230% year-over-year Open interest of 268,000 contracts ($3.4 billion in notional), up 64% year-over-year BCOM Subindex futures will be listed on and subject to the rules of CME. For more information on these products, please visit www.cmegroup.com/bcomsubindex. As the world's leading 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.  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 is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. CME-G SOURCE CME Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News