CME Group

CME Group and DTCC Receive Regulatory Approval for Enhanced Treasury Cross-Margining Arrangement Launching January 2024

Retrieved on: 
Tuesday, September 12, 2023
Depository Trust & Clearing Corporation, CME, CFTC, CME Group, GSD, SOFR, United States Treasury security, Treasury, FICC, DTCC, Commodity Futures Trading Commission, Security (finance), United States Department of the Treasury, Contract management

The arrangement will enable capital efficiencies for clearing members that trade and clear both U.S. Treasury securities and CME Group Interest Rate futures and is expected to launch in January 2024.

Key Points: 
  • The arrangement will enable capital efficiencies for clearing members that trade and clear both U.S. Treasury securities and CME Group Interest Rate futures and is expected to launch in January 2024.
  • Repo transactions that have Treasury collateral with a remaining time to maturity greater than one year will also be eligible for the enhanced cross-margining arrangement.
  • "We are pleased to have received regulatory approval of our enhanced cross-margining arrangement," said Laura Klimpel, General Manager of Fixed Income Clearing Corporation (FICC) & Head of SIFMU Business Development at DTCC.
  • "The approval of the arrangement paves the way for increased efficiency and resiliency of the overall U.S. Treasury Market, and we look forward to working with CME Group to deliver upon these important enhancements."

CME Group to Launch Options on Micro Gold Futures as Retail Participation Jumps

Retrieved on: 
Monday, September 11, 2023
CME, NYMEX, S&P, New York Mercantile Exchange, CME Group, EBS, Metal, Financial services, S&P Dow Jones Indices, CBOT, Standard, City, Gold, COMEX, OTC, Chicago Board of Trade, LTD, Iron ore, Silviculture, Chicago Mercantile Exchange, Globe

CHICAGO, Sept. 11, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on Micro Gold futures on October 2, 2023, pending regulatory review.

Key Points: 
  • CHICAGO, Sept. 11, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on Micro Gold futures on October 2, 2023, pending regulatory review.
  • "Growing demand has driven a spike in CME Group gold markets, with average daily volume in Micro Gold futures increasing 40% from last year and retail participation in our benchmark Gold futures contract up 17% year-over-year.
  • By expanding our offerings to include the new Micro Gold options, traders of all sizes will have even more flexibility to express a view on gold."
  • CME Group's smaller-sized Gold and Silver futures contracts launched over a decade ago and have seen a significant uptick in participation over the last five years:
    Micro Gold futures volume has grown an average of 58% each year.

CME Group Announces Record Volume Across Suite of Short-Term WTI Options

Retrieved on: 
Thursday, September 7, 2023
CME, NYMEX, New York Mercantile Exchange, S&P, CME Group, EBS, Metal, Financial services, S&P Dow Jones Indices, CBOT, Standard, City, COMEX, Risk, OTC, Chicago Board of Trade, WTI, Environmental Product Declaration, LTD, Oil, Rare-earth element, Security (finance), Iron ore, Chicago Mercantile Exchange, Globe

CHICAGO, Sept. 7, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that trading in its suite of WTI weekly options, the company's fastest growing energy products, reached record average daily volume in August of 12,291 contracts.

Key Points: 
  • CHICAGO, Sept. 7, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that trading in its suite of WTI weekly options, the company's fastest growing energy products, reached record average daily volume in August of 12,291 contracts.
  • All of the top five record months for Weekly WTI Crude Oil options have occurred this year.
  • "As global crude oil market participants continue to navigate a number of supply and demand factors, they are turning to our suite of weekly WTI options in record numbers," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group.
  • "Year to date, average daily volume for Friday Weekly WTI options reached a record 9,285 contracts, up 74%, while total combined volume for Monday and Wednesday expirations has already surpassed 100,000 contracts since launching just over a month ago."

CME Group to Launch T-Bill Futures on October 2, as U.S. Treasury Futures Open Interest Hits Record 19.8 Million Contracts

Retrieved on: 
Tuesday, September 5, 2023
CME, Treasury, SOFR, United States Treasury security, United States Department of the Treasury, STIR, CME Group, Iron ore, Security (finance)

The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.

Key Points: 
  • The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.
  • "With open interest approaching an unprecedented 20 million contracts, we are also seeing a record number of large open interest holders in U.S. Treasury futures, which advances efficiencies, deep liquidity and a share of volume that exceeds associated cash markets."
  • T-Bill futures will receive automatic margin offsets against existing CME Group Interest Rate futures upon launch and will be listed with, and subject to, the rules of CME.
  • Additionally, these contracts will become eligible for portfolio margining against other cleared interest rate swaps and futures shortly after launch.

CME Group Reports Second-Highest August ADV on Record

Retrieved on: 
Tuesday, September 5, 2023
Bitcoin, ADV, Interest rate, Stock market index, CME Group, Metal, Iron ore, Energy

Double-digit growth in Interest Rate, Energy, Agricultural, Metals and options products

Key Points: 
  • Double-digit growth in Interest Rate, Energy, Agricultural, Metals and options products
    CHICAGO, Sept. 5, 2023 /PRNewswire/ -- Amid ongoing geopolitical, economic and weather-related uncertainties, CME Group , the world's leading derivatives marketplace, today reported its August 2023 market statistics, including average daily volume (ADV) of 24.2 million contracts, an increase of 14% from 2022 and the second-highest ADV for the month of August on record.
  • Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume .
  • August 2023 ADV across asset classes includes:
    Additional August 2023 product highlights compared to August 2022 include:
    Micro E-mini Equity Index futures and options ADV of 2.3 million contracts represented 35.8% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 4.1% of overall Energy ADV, Micro Bitcoin futures accounted for 0.1% of overall Equity Index ADV and Micro Ether futures accounted for 0.1% of overall Equity Index ADV

CME Group Foundation Launches $2 Million Grantmaking Initiative to Support Mental Health of Young Women and Girls in Chicago

Retrieved on: 
Thursday, August 31, 2023
Organization, Woman, Trauma, Violence, Mental health, Education, CME Group, Mentorship, ACeS, Nursing

CHICAGO, Aug. 31, 2023 /PRNewswire/ -- CME Group Foundation today announced an initial $2 million in funding to expand its grantmaking program to support young women and girls impacted by trauma and violence in Chicago.

Key Points: 
  • CHICAGO, Aug. 31, 2023 /PRNewswire/ -- CME Group Foundation today announced an initial $2 million in funding to expand its grantmaking program to support young women and girls impacted by trauma and violence in Chicago.
  • "We are pleased to make these initial grants that will bring high-quality mental health resources to young women and girls in Chicago's underserved communities," said Terry Duffy, CME Group Chairman & Chief Executive Officer and Vice Chairman of CME Group Foundation.
  • "CME Group Foundation has always supported education from cradle to career, and this investment is the latest example of that commitment to our city."
  • Among the initial group of organizations to receive CME Group Foundation mental health grants are:

OptiMargin Releases WHATif Cloud, API Version

Retrieved on: 
Thursday, August 31, 2023
Software, Data Analytics, Finance, Asset Management, Data Management, Professional Services, Technology, Mobile, Wireless, Cloud, Forecasting, Commodity trading advisor, Commodity, API, SPAN, CTAS, RIAS, CME Group, IRM, ICE, Privacy, Video game, Cryptocurrency

OptiMargin, a margin analytics software provider, announces the release of WHATif Cloud and API Versions compatible with the SPAN 2 margin methodology developed by CME Group.

Key Points: 
  • OptiMargin, a margin analytics software provider, announces the release of WHATif Cloud and API Versions compatible with the SPAN 2 margin methodology developed by CME Group.
  • WHATif is designed for predictability, forecasting and potential reduction of costs during margin volatility and rising cost of capital.
  • The free version, available for download on https://optimargin.com/ is cloud-based, significantly upgraded based on user feedback and compatible with the SPAN 2 methodology.
  • The paid version includes access to over 60 exchanges, dedicated API access as well as additional security and privacy measures.

Micro E-mini S&P 500 Futures Surpass 1 Billion Contracts Traded

Retrieved on: 
Thursday, August 24, 2023
S&P, Growth, S, Stock market index, CME Group, S&P Dow Jones Indices, Iron ore

CHICAGO, Aug. 24, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that Micro E-mini S&P 500 futures surpassed 1 billion contracts traded on August 23.

Key Points: 
  • CHICAGO, Aug. 24, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that Micro E-mini S&P 500 futures surpassed 1 billion contracts traded on August 23.
  • "At just over three years old, our Micro E-mini S&P 500 futures have become some of the most actively traded and deeply liquid equity index products at CME Group, averaging more than 1.1 million contracts traded per day," said Paul Woolman, Global Head of Equity Index Products at CME Group.
  • "At one-tenth the size of their benchmark E-mini counterpart, these micro-sized futures allow market participants to hedge or trade with enhanced flexibility around major market-moving events by executing trading strategies more nimbly and scaling index exposure up or down."
  • "S&P DJI extends its sincere congratulations to CME Group for reaching another significant market milestone, the first to cross this threshold within its complex.

Paylocity Partners with Visionary Elatia Abate Focusing on the Evolution of Modern HCM

Retrieved on: 
Tuesday, August 15, 2023
Graduate Management Admission Council, Grupo Globo, RMI, History, RMI (energy organization), Partnership, College, CME Group, Face, PwC, SHRM, Fear, Business, Work, United Van Lines, Tony, GMAC, Future, Organization, Esquire, College of William & Mary, The Future of Work and Death, HR, Futurist, Voice: The Future Is Now, Verizon Communications, HCM, Female, Industrial design, Management, Paylocity

A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.

Key Points: 
  • A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.
  • “Paylocity is committed to building the most modern HCM solutions on the planet.
  • Abate will examine where Paylocity clients are today, where they are likely to be tomorrow and share best practices to assist Paylocity’s clients of all sizes.
  • "As Paylocity Futurist in Residence, I can help Paylocity clients imagine the possibilities of how transformative dynamics can power HCM.

CME Group and CF Benchmarks to Launch APAC Reference Rates for Bitcoin and Ether on September 11

Retrieved on: 
Thursday, August 17, 2023
Bitcoin, Crypto, CME, ETF, CME Group, BRR, Ether, Cryptocurrency

CHICAGO and LONDON, Aug. 16, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, and CF Benchmarks , the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new APAC-specific reference rates for bitcoin and ether on September 11 – the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP) – which will provide a once-a-day reference rate for the U.S. dollar price of the two digital assets, published at 4 p.m. Hong Kong/Singapore time.

Key Points: 
  • CHICAGO and LONDON, Aug. 16, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, and CF Benchmarks , the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new APAC-specific reference rates for bitcoin and ether on September 11 – the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP) – which will provide a once-a-day reference rate for the U.S. dollar price of the two digital assets, published at 4 p.m. Hong Kong/Singapore time.
  • "Year-to-date, 37% of total crypto volume at CME Group has been traded during non-U.S. hours, with 11% of trades coming from the APAC region.
  • These non-tradable reference rates will complement the existing CME CF Bitcoin Reference Rate (BRR) and CME CF-Ether Dollar Reference Rate (ETHUSD_RR), published at 4 p.m. London time, as well as the recently introduced CME CF Bitcoin Reference Rate New York (BRRNY) and CME CF Ether-Dollar Reference Rate New York (ETHUSD_NY), published at 4 p.m. New York time.
  • The BRR and ETHUS RR will continue to serve as the benchmark rates for settlement of all CME Group Bitcoin futures, Micro Bitcoin futures and Ether futures and Micro Ether futures contracts.