CME Group is set to launch options on Euro short-term rate (€STR) futures on 20 May 2024.
The company recently increased order book depth by 79%, while reducing bid-ask spreads by 31% and facilitated the final settlement of €STR market’s largest ever futures expiration amounting to more than 14,000 contracts last month.
Mark Rogerson, EMEA head of interest rate products, CME Group, said: “Our new €STR options will help clients more precisely manage their risk as expectations around European interest rate decisions continue to shift. This launch is the next step in the development of our robust €STR marketplace and builds on the growing liquidity and participation in our €STR futures.
CME Group launched the industry’s first €STR futures on 31 October 2022 as a complement to SOFR futures.
CME Group launched options on S&P 500 Annual Dividend Index futures on 29 January. The suite at CME Group includes, alongside the above, S&P 500 Quarterly Dividend Index futures, Nasdaq-100 Annual Dividend Index futures, and Russell 2000 Annual Dividend Index futures.
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