CME Group launches CME Bloomberg Dollar Spot Index Futures.
BANKING AND CREDIT NEWS-March 3, 2016-CME Group launches CME Bloomberg Dollar Spot Index Futures
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CME Group has launched CME Bloomberg Dollar Spot Index Futures, available for trading on CME Globex electronic trading platform effective April 4, 2016, pending all relevant regulatory review periods, the company said.
The new contract tracks the performance of a basket of 10 developed and emerging market currencies versus the US dollar: Euro, Japanese yen, Canadian dollar, Mexican peso, British pound, Australian dollar, Swiss franc, South Korean won, Offshore Chinese renminbi and Brazilian real.
CME Bloomberg Dollar Spot Index futures will be cash-settled to offer operational ease for clearing members and clients with a US dollar cash settlement. The underlying index and the futures contract will reconstitute annually to reflect global trading activity with the US and associated global foreign exchange volume.
CME Group exchanges offer a range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Mar 3, 2016|
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