Business
CME Group Announces Launch of Event Contracts for Trading Global Benchmark Products
CHICAGO, Sept. 19, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the launch of event contracts. "We continue to
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, Sept. 19, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the launch of event contracts.\n\"We continue to see increasing demand from retail investors looking for less-complex ways to gain exposure to and participate in CME Group benchmark products – some of the world's most widely quoted futures markets,\" said Tim McCourt, Global Head of Equity and FX Products at CME Group. \"Our event contracts will provide market users with innovative, lower-cost ways to trade across oil, gold, equity indices and foreign currencies.\"\n\"Interactive Brokers is excited to launch event contracts and to offer our clients the ability to trade their opinion on yes-or-no questions,\" said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. \"Now available at IBKR EventTrader, these innovative contracts can provide our clients a simplified way to trade key futures markets with limited risk.\"\nRyan Moroney, CEO of CQG, said: \"We've seen growing demand on the retail side and are excited to have closely collaborated with CME Group on the launch of event contracts. The exchange has a long history of launching innovative products, and just as its E-mini and micro contracts have taken off with market participants, we expect the products to attract significant attention as a new way to engage with many of the most popular benchmark products that reflect different aspects of the economy.\"\nNinjaTrader Group CEO Martin Franchi said: \"CME Group's event contracts will have tremendous appeal to individual investors, whether they are already active traders or new entrants to the market. We're excited to partner with the exchange in offering and promoting these innovative products through our subsidiaries NinjaTrader and Tradovate, and we look forward to playing a major role in helping grow the base of participants not only in event contracts but in the futures and financial markets overall.\"\n\"Dorman Trading is excited to bring new participants into the marketplace and support existing traders by offering event contracts,\" said Daniel Dorman, VP at Dorman Trading LLC. \"CME Group continues to introduce innovative products and event contracts are poised to bring new energy to the futures industry by providing short-term opportunities to trade price action with a maximum prof...