International Marketplace Derivatives Group CME announced plans for the launch of FTSE Corecommodity CRB Futures, pending the regulatory review.
The CRB Corecommodity FTSE index provides wide exposure to the global commodity market and monitors a basket of 19 basic products, including energy, agriculture, precious metals and industrial metal contracts.
Paul Woolman, a worldwide headquarters in CME Group, commented:
“These new financially arranged contracts will provide customers further solutions for managing the price risk of the basic products in these important markets. Since 2020, open interest in the contracts of the future fulfillment has increased 315%, from 76,000 contracts to 316,000 contracts. margins while applying a merchandise strategies. “
Shirley Barrow, head of interest rates, coins and goods on FTSE Russell, commented:
“We are excited to deepen our relationship with the CME group through the launch of Futures Corecommodity CRB Futures, which offers wide access to the global goods market.
Futal fulfillment contracts of the Corecommodity index will be reported and subject to the rules of CME.