CME has signed a licensing agreement with FTSE Russell to develop a suite of index derivatives set to launch by the end of this year.
The introduction of futures based on the range of Russell indices will see CME launch products already listed on its US rival Intercontinental Exchange (ICE).
CME’s suite will include futures on the Russell 1000, Russell 1000 Growth and Russell 1000 Value, FTSE 100, FTSE Emerging Markets, FTSE Developed Europe and FTSE China 50 indexes. The group will aim to launch Russell 2000 futures in Q3 2017.
ICE once exclusively listed futures based on the Russell indices, however since the London Stock Exchange took control of Russell Investments, the Chicago Board Options Exchange and now CME have signed licensing agreements.
“With more than $10 trillion of assets under management benchmarked to our indexes, this new partnership recognises our growing position both in the domestic US market and globally,” said FTSE Russell chief executive officer Mark Makepeace. "
“We look forward to working with CME Group to provide investors with access to some of the most actively traded indexes in the world."