CME Group to Launch Euro Denominated E-mini S&P 500 Futures

Sep 4, 2008

CHICAGO and BURGENSTOCK, Switzerland, Sept 04, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- CME Group, the world's largest and most diverse derivatives exchange, announced today at the Burgenstock Derivatives conference that it will launch its popular E-mini S&P 500(R) futures denominated in euros beginning October 27. The contract will enable market participants to gain access to the widely watched U.S. large cap stock index combined with the exposure to the euro currency in a single trading vehicle.

"The denomination of the contract multiplier in euros increases the relevance of our U.S. equity index products to our European customer base," said Robert Ray, Managing Director, CME Group International Sales, Equity and Commodity Products. "Customers throughout Europe want efficient exposure to U.S. equity markets and this product facilitates that as well as allows for new spreading opportunities between CME Group products and the listed derivatives traded in other markets."

"The Euro E-mini S&P 500 further extends the scope of our equity index product suite," said Scot Warren, Managing Director, CME Group Equity Products. "Building on the success of the E-mini S&P 500, which trades more than 2.2 million contracts per day, we believe our customers will benefit from the expanded opportunities the euro-denominated S&P 500 futures will provide."

The Euro E-mini S&P 500 will be offered exclusively on CME Globex(R), the exchange's electronic trading platform. The value of the contract will be euro 50 times the S&P 500 Stock Index. Trading hours will run from Sunday to Thursday 5 p.m. to 3:15 p.m. the following day and then 3:30 p.m. to 4:30 p.m. For more information, please go to www.cmegroup.com/eurosp500.

CME Group (www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E- mini, are trademarks of Chicago Mercantile Exchange Inc. Standard & Poor's, S&P 500 and S&P, S&P MidCap 400, Standard & Poor's Depositary Receipts and SPDR are trademarks of The McGraw-Hill Companies, Inc. Further information about CME Group and its products can be found at www.cmegroup.com.

CME-G

SOURCE CME Group 

http://www.cme.com




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