© Reuters.
CHICAGO – CME Group, a number one derivatives market, has introduced the upcoming launch of choices on Annual Dividend Index futures, set for January 29, topic to regulatory approval. This enlargement follows the buying and selling of over 900,000 contracts within the S&P 500 Annual Dividend Index futures throughout 2023.
The introduction of those choices is in response to rising shopper curiosity in instruments for managing dividend publicity and crafting funding methods. Paul Woolman, CME Group’s (NASDAQ:) International Head of Fairness Merchandise, highlighted the success of their dividend futures and the brand new choices’ function in providing market individuals enhanced flexibility.
In collaboration with S&P Dow Jones Indices, the brand new choices will present insights into U.S. dividend traits by way of the S&P 500 Dividend Factors Index (Annual). Tim Brennan, Head of Capital Markets at S&P Dow Jones Indices, expressed enthusiasm for the continued partnership and the advantages it brings to the market.
Market individuals, together with Belvedere Buying and selling and Dawn Brokers, have voiced their help for the brand new choices, citing transparency in pricing and diversified product choices as key benefits. These choices are the most recent addition to CME Group’s dividend futures suite, which additionally contains Nasdaq-100 and Annual Dividend Index futures.
CME Group’s platforms facilitate a big selection of futures, choices, money, and over-the-counter markets, enabling shoppers to handle danger and seize buying and selling alternatives. The corporate can be a outstanding central counterparty clearing supplier by CME Clearing.
The data for this text is predicated on a press launch assertion.
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