CME to Launch Event Contracts in September
Posted by Colin Lambert. Last updated: June 29, 2022
Subject to regulatory approval, CME Group plans to launch event contracts on September 19, 2022, to allow retail traders to trade their views on daily up or down price moves in some of the world’s most widely quoted benchmark futures markets.
The contracts will launch with coverage of E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow Jones Industrial Average, E-mini Russell 2000, crude oil, natural gas, gold, silver, copper and Euro FX.
CME says the new daily options on futures contracts will offer short-term trading opportunities for individuals seeking to take a position on daily price moves and will allow participants to know their maximum profit or loss when entering a trade.
Each event contract is valued up to $20 per contract and CME says that users will be presented with a menu of short-term price predictions by product, and to participate, they just choose a side on a given prediction. Upon taking the position, the user will maximum cost per trade will be displayed, as will the maximum profit, less fees and commissions.