The CME Group of the International Derivatives and the World FTSE Russell Index has announced today a 12 -year expansion of CME Group’s exclusive license to offer future fulfillment contracts, future fulfillment contracts and OTCs based on FTSE russell indicators.
“We are pleased to extend the licensing agreement and cooperation with FTSE Russell to continue providing the world market tools to effectively manage the stock report,” said Tim McCourt, the world -wide head of stocks. “Our FTSE Russell contracts and options have increased significantly during our partnership, offering customers deep liquidity and the possibility of greater capital efficiency when trading throughout our shares.”
“We are pleased to expand our long -term cooperation with the CME Group, reinforcing our common commitment to provide strong, transparent solutions based on indicators to global investors,” said Fiona Bassett, Managing Director of FTSE Russell, a LSEG business. “The continuing increase in trading volumes across the FTSE Products associated with FTSE Russell reflects the power of our indicators and the value they bring to investors looking for performance measurement across the world.”
The CME Group offers future fulfillment contracts in Russell 1000 and Russell 2000, Russell 1000 and Russell 2000, Russell 1000 and Russell 2000 value, emerging FTSE market, FTSE developed Europe, FTSE CHINA 50 and FTSE Corecommodity CRB indicators.
Since the previous license agreement in 2015, more than 573 million FTSE Russells related to the contracts and the options for future fulfillment contracts have been negotiated.
More recently, the average daily volume of the year throughout the complex future and Russell options is in 306,000 contracts.