News Release

CME Group Announces the Launch of Ultra Treasury Bond Options

Wed Mar 17 2010

CHICAGO, March 17, 2010 – CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of options on Long-Term U.S. Treasury Bond (“Ultra T-Bond”) futures beginning June 7, 2010. Both standard and flexible options on Ultra T-Bond futures will be available. This contract will be listed with, and subject to, the rules and regulations of the CBOT. 

 

“The Ultra T-Bond futures contract is the fastest growing interest rate futures product ever launched by the CME Group exchanges,” said Robin Ross, CME Group Managing Director of Interest Rate Products. “By adding options to the product suite, we are providing our customers with even more opportunities to manage long-term risk and add duration to their portfolios.” 

 

CME Group launched the Ultra T-Bond futures contract on January 11, 2010. This new product is meeting customer demand for a Treasury instrument with off-balance sheet, long duration exposure. The average daily volume for Ultra T-Bond futures in February was 20,530. On March 16, the new contract established record open interest of 82,790 contracts, and on February 24, traded nearly 70,000 contracts – just six weeks after its launch. 

 

To learn more about Ultra T-Bond futures and the upcoming launch of Ultra T-Bond options, visit www.cmegroup.com/ultra.

 

 

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.   CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®.   These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets. 

 

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago.  NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners.  Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com

 

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