CME Group launches FX monthly futures contracts.
BANKING AND CREDIT NEWS-January 10, 2017-CME Group launches FX monthly futures contracts
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Derivatives marketplace CME Group has expanded its foreign exchange (FX) offering with six FX monthly futures contracts, the company said.
These new contracts provide FX market participants with access to the front months of the FX forward curve with the capital and operational benefits of trading listed futures. FX monthly futures are scheduled for trading on Monday, February 27, 2017 and will be listed on Chicago Mercantile Exchange (CME) subject to regulatory review.
FX monthly futures will be offered on six currency pairs where CME Group already offers quarterly futures: AUD, GBP, CAD, EUR, JPY and EUR/GBP. For each currency pair an additional three monthly contracts will be listed at any given time resulting in four consecutive months of monthly expiries. The first serial listed will be the April 2017 contract.
CME Group is a regulated FX marketplace that offers a global product suite of more than 90 futures and more than 30 options contracts.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Jan 10, 2017|
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