CME Group

CME Group to Launch T-Bill Futures on October 2, as U.S. Treasury Futures Open Interest Hits Record 19.8 Million Contracts

Retrieved on: 
Tuesday, September 5, 2023

The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.

Key Points: 
  • The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.
  • "With open interest approaching an unprecedented 20 million contracts, we are also seeing a record number of large open interest holders in U.S. Treasury futures, which advances efficiencies, deep liquidity and a share of volume that exceeds associated cash markets."
  • T-Bill futures will receive automatic margin offsets against existing CME Group Interest Rate futures upon launch and will be listed with, and subject to, the rules of CME.
  • Additionally, these contracts will become eligible for portfolio margining against other cleared interest rate swaps and futures shortly after launch.

CME Group Reports Second-Highest August ADV on Record

Retrieved on: 
Tuesday, September 5, 2023

Double-digit growth in Interest Rate, Energy, Agricultural, Metals and options products

Key Points: 
  • Double-digit growth in Interest Rate, Energy, Agricultural, Metals and options products
    CHICAGO, Sept. 5, 2023 /PRNewswire/ -- Amid ongoing geopolitical, economic and weather-related uncertainties, CME Group , the world's leading derivatives marketplace, today reported its August 2023 market statistics, including average daily volume (ADV) of 24.2 million contracts, an increase of 14% from 2022 and the second-highest ADV for the month of August on record.
  • Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume .
  • August 2023 ADV across asset classes includes:
    Additional August 2023 product highlights compared to August 2022 include:
    Micro E-mini Equity Index futures and options ADV of 2.3 million contracts represented 35.8% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 4.1% of overall Energy ADV, Micro Bitcoin futures accounted for 0.1% of overall Equity Index ADV and Micro Ether futures accounted for 0.1% of overall Equity Index ADV

CME Group Foundation Launches $2 Million Grantmaking Initiative to Support Mental Health of Young Women and Girls in Chicago

Retrieved on: 
Thursday, August 31, 2023

CHICAGO, Aug. 31, 2023 /PRNewswire/ -- CME Group Foundation today announced an initial $2 million in funding to expand its grantmaking program to support young women and girls impacted by trauma and violence in Chicago.

Key Points: 
  • CHICAGO, Aug. 31, 2023 /PRNewswire/ -- CME Group Foundation today announced an initial $2 million in funding to expand its grantmaking program to support young women and girls impacted by trauma and violence in Chicago.
  • "We are pleased to make these initial grants that will bring high-quality mental health resources to young women and girls in Chicago's underserved communities," said Terry Duffy, CME Group Chairman & Chief Executive Officer and Vice Chairman of CME Group Foundation.
  • "CME Group Foundation has always supported education from cradle to career, and this investment is the latest example of that commitment to our city."
  • Among the initial group of organizations to receive CME Group Foundation mental health grants are:

OptiMargin Releases WHATif Cloud, API Version

Retrieved on: 
Thursday, August 31, 2023

OptiMargin, a margin analytics software provider, announces the release of WHATif Cloud and API Versions compatible with the SPAN 2 margin methodology developed by CME Group.

Key Points: 
  • OptiMargin, a margin analytics software provider, announces the release of WHATif Cloud and API Versions compatible with the SPAN 2 margin methodology developed by CME Group.
  • WHATif is designed for predictability, forecasting and potential reduction of costs during margin volatility and rising cost of capital.
  • The free version, available for download on https://optimargin.com/ is cloud-based, significantly upgraded based on user feedback and compatible with the SPAN 2 methodology.
  • The paid version includes access to over 60 exchanges, dedicated API access as well as additional security and privacy measures.

Micro E-mini S&P 500 Futures Surpass 1 Billion Contracts Traded

Retrieved on: 
Thursday, August 24, 2023

CHICAGO, Aug. 24, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that Micro E-mini S&P 500 futures surpassed 1 billion contracts traded on August 23.

Key Points: 
  • CHICAGO, Aug. 24, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, today announced that Micro E-mini S&P 500 futures surpassed 1 billion contracts traded on August 23.
  • "At just over three years old, our Micro E-mini S&P 500 futures have become some of the most actively traded and deeply liquid equity index products at CME Group, averaging more than 1.1 million contracts traded per day," said Paul Woolman, Global Head of Equity Index Products at CME Group.
  • "At one-tenth the size of their benchmark E-mini counterpart, these micro-sized futures allow market participants to hedge or trade with enhanced flexibility around major market-moving events by executing trading strategies more nimbly and scaling index exposure up or down."
  • "S&P DJI extends its sincere congratulations to CME Group for reaching another significant market milestone, the first to cross this threshold within its complex.

Paylocity Partners with Visionary Elatia Abate Focusing on the Evolution of Modern HCM

Retrieved on: 
Tuesday, August 15, 2023

A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.

Key Points: 
  • A renowned expert on The Future of Work, Abate will bring her cutting-edge research and insights to support Paylocity’s clients.
  • “Paylocity is committed to building the most modern HCM solutions on the planet.
  • Abate will examine where Paylocity clients are today, where they are likely to be tomorrow and share best practices to assist Paylocity’s clients of all sizes.
  • "As Paylocity Futurist in Residence, I can help Paylocity clients imagine the possibilities of how transformative dynamics can power HCM.

CME Group and CF Benchmarks to Launch APAC Reference Rates for Bitcoin and Ether on September 11

Retrieved on: 
Thursday, August 17, 2023

CHICAGO and LONDON, Aug. 16, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, and CF Benchmarks , the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new APAC-specific reference rates for bitcoin and ether on September 11 – the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP) – which will provide a once-a-day reference rate for the U.S. dollar price of the two digital assets, published at 4 p.m. Hong Kong/Singapore time.

Key Points: 
  • CHICAGO and LONDON, Aug. 16, 2023 /PRNewswire/ -- CME Group , the world's leading derivatives marketplace, and CF Benchmarks , the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new APAC-specific reference rates for bitcoin and ether on September 11 – the CME CF Bitcoin Reference Rate APAC (BRRAP) and CME CF Ether-Dollar Reference Rate APAC (ETHUSD_AP) – which will provide a once-a-day reference rate for the U.S. dollar price of the two digital assets, published at 4 p.m. Hong Kong/Singapore time.
  • "Year-to-date, 37% of total crypto volume at CME Group has been traded during non-U.S. hours, with 11% of trades coming from the APAC region.
  • These non-tradable reference rates will complement the existing CME CF Bitcoin Reference Rate (BRR) and CME CF-Ether Dollar Reference Rate (ETHUSD_RR), published at 4 p.m. London time, as well as the recently introduced CME CF Bitcoin Reference Rate New York (BRRNY) and CME CF Ether-Dollar Reference Rate New York (ETHUSD_NY), published at 4 p.m. New York time.
  • The BRR and ETHUS RR will continue to serve as the benchmark rates for settlement of all CME Group Bitcoin futures, Micro Bitcoin futures and Ether futures and Micro Ether futures contracts.

CME Group Realigns Foreign Exchange Businesses, Expanding Trading Opportunities and Efficiencies for Clients Across Futures, Cash and OTC Markets

Retrieved on: 
Wednesday, August 16, 2023

CHICAGO and LONDON, Aug. 16, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced a realignment of its FX futures, options, cash and over-the-counter (OTC) FX businesses into a single unit led by Paul Houston, who has overseen CME Group's futures and options business for seven years. 

Key Points: 
  • Jeff Ward, Global Head of EBS, will be leaving CME Group in September.
  • This new structure is the last step in that process and one that, we believe, will benefit our FX clients globally."
  • As the world's leading derivatives marketplace, CME Group ( www.cmegroup.com ) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.
  • The company offers futures and options on futures trading through the CME Globex ® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.

CME Group Foundation Awards 2023 Higher Education Scholarships to Rising Black and Latinx Students

Retrieved on: 
Monday, August 14, 2023

CHICAGO, Aug. 14, 2023 /PRNewswire/ -- CME Group Foundation today announced that 18 rising Black and Latinx students majoring in finance, technology and related fields at 11 partner colleges and universities in Illinois have each been awarded $20,000 in scholarships to further their education.

Key Points: 
  • CHICAGO, Aug. 14, 2023 /PRNewswire/ -- CME Group Foundation today announced that 18 rising Black and Latinx students majoring in finance, technology and related fields at 11 partner colleges and universities in Illinois have each been awarded $20,000 in scholarships to further their education.
  • With this addition, CME Group Foundation is currently providing scholarships to 33 college students for the 2023-24 academic year.
  • "CME Group Foundation is committed to providing financial assistance and career development opportunities for our students, who will no doubt serve as future leaders in the workforce," said Terry Duffy, CME Group Chairman and Chief Executive Officer and Vice Chairman of CME Group Foundation.
  • This year's new recipients of the CME Group Foundation Scholarship include:
    Scholarship partner colleges and universities include:

Asana Appoints New Chief Revenue Officer, Ed McDonnell

Retrieved on: 
Tuesday, August 8, 2023

Asana, a leading enterprise work management platform, is pleased to announce the hiring of Ed McDonnell to its leadership team.

Key Points: 
  • Asana, a leading enterprise work management platform, is pleased to announce the hiring of Ed McDonnell to its leadership team.
  • As Chief Revenue Officer, McDonnell will be responsible for all facets of global revenue and field operations.
  • View the full release here: https://www.businesswire.com/news/home/20230808089228/en/
    Asana Appoints New Chief Revenue Officer, Ed McDonnell (Photo: Business Wire)
    “We are thrilled to welcome Ed to our leadership team at Asana,” said Anne Raimondi, COO and Head of Business at Asana.
  • “I am incredibly excited about Asana’s mission to empower the world’s teams to work together effortlessly,” said Ed McDonnell.