International derivatives market CME Group will begin event contracts with quarter and year-end expirations for E-mini S&P 500 and E-mini Nasdaq-100 futures on January 29, pending regulatory review.
The new longer-term contracts will provide market users with another unique opportunity to express their views on the direction of these stock indices.
“Event contracts for the E-mini S&P 500 futures and E-mini Nasdaq-100 futures are among the most traded in the event product line, accounting for 33% and 20% of volume, respectively,” said Tim McCourt, Global Head of Finance. & OTC Products in CME Group. “These new contracts with longer maturities in the quarter and year-end will give traders a way to express their views on the direction of the market at key times in the economic cycle – with the added benefit of more opportunities to trade in and out position leading to expire. We are pleased that our expanded line of event contracts will continue to provide innovative, low-cost tools for participating in the CME Group futures markets.”
CME Group’s event contracts enable individuals to take a position on bullish or bearish price movements in some of the world’s most popular benchmark futures markets, with the confidence of knowing their maximum potential profit or loss when they place a trade. Also, starting January 29th, the maximum payout for event contracts will be $100.
CME Group event contracts refer to and are subject to CME rules.