CHICAGO, Oct. 16, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of S&P 500 Annual Dividend futures and S&P 500 Quarterly Dividend futures. These new contracts will be available for customer trading as of November 16, 2015, pending certification of contract terms and conditions with the CFTC and completion of all regulatory review periods.
"We're pleased to offer customers an innovative new way to express views on S&P 500 dividend exposure," said Tim McCourt, CME Group Executive Director and global head of equity index products. "The new contracts will complement our established and highly liquid suite of S&P 500 futures products, providing customers with tremendous flexibility of application."
Dividend futures will be cash-settled by reference to values of the S&P 500® Annual Dividends Index and the S&P 500® Dividend Points Index determined on the third Friday of futures delivery month. These contracts will be available for trading electronically via CME Globex and will be listed by and subject to the rules of CME.
On the same day Dividend futures become available, CME Group will extend Basis Trade at Index Close (BTIC) functionality to E-mini S&P 500, E-mini Nasdaq 100 and E-mini Dow Jones ($5) futures. For more information on BTIC, please view this video.
For more information on dividend futures, visit cmegroup.com/equities.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform, its trading facilities in New York and Chicago, and through its London-based CME Europe derivatives exchange. CME
Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at www.cmegroup.com.
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SOURCE CME Group