News Release

CME Group and Nasdaq Extend Exclusive Nasdaq-100 Futures License Through 2029

Mon Oct 01 2018

CHICAGO, Oct. 1, 2018 /PRNewswire/ -- CME Group and Nasdaq today announced a ten-year extension of CME Group's exclusive license to offer futures and options on futures based on the Nasdaq-100 and other Nasdaq indexes, through 2029. As the world's leading and most diverse derivatives marketplace, CME Group operates the largest equity index futures complex in the world. Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services.

"We are extremely pleased to extend our exclusive licensing agreement with Nasdaq, said CME Group Chairman and Chief Executive Officer Terry Duffy. "Building on more than 20 years of partnership, this agreement will ensure market participants worldwide will continue to have seamless access to our suite of Nasdaq products, allowing them to manage risk or gain exposure to the 100 largest non-financial companies. Customers also benefit from capital efficiencies by trading alongside our industry-leading equity index products."

"The Nasdaq-100 has been a top performing large cap growth index over the last ten years and has been providing investors with access to the world's most innovative companies, including Amazon, Apple, Facebook, Alphabet, Intel, Microsoft, and Starbucks among many others," said Adena Friedman, President and CEO of Nasdaq. "We have been partners with CME Group for more than 20 years and extending our relationship enables market participants access to our global benchmark products in order to manage their equity market risk."

In 1982, CME Group pioneered futures trading on equity indices. The company partnered with Nasdaq to launch Nasdaq-100 futures in 1996 and the E-mini Nasdaq-100 futures contract in 1999, which is now one of the most actively traded equity index futures contracts in the world. The extension was agreed upon under mutually-beneficial terms, which were not disclosed, that will allow for expanded collaboration and innovation as CME and Nasdaq continue a commitment to their customers and to the marketplace.

Overall, the Nasdaq-100 futures and options on futures suite trades an average daily volume of more than 437,000 contracts– an increase of 52 percent year to date. Additionally, average daily volume for quarterly, monthly and weekly Nasdaq-100 options has nearly tripled during the past five years to more than 11,000 contracts in 2018.

The extended licensing agreement covers Nasdaq-100 futures and options, Nasdaq Biotechnology and Nasdaq Composite indexes, as well as other indexes that complement market participants' U.S. index trading strategies.   This extension will allow both CME and Nasdaq to continue to innovate as partners within the equity index marketplace and deliver customer-focused risk management tools such as the Basis Trade at Index Close (BTIC) functionality on Nasdaq-100 futures, which enables market participants to execute a basis trade relative to the official close for the underlying index for more efficient cash management.

For more information on E-mini Nasdaq futures and options at CME Group, please visit cmegroup.com/nasdaq.

About CME Group
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 ratesequity indexesforeign exchangeenergyagricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group products and services ensure that businesses around the world can effectively manage risk and achieve growth.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology is used by 250 of the world's market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators in over 50 countries with end-to-end, mission-critical technology solutions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: http://business.nasdaq.com.

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SOURCE CME Group

CME Group Media Contacts: Laurie Bischel, 312.648.8698, Liz Mannebach, 312.206.7186, news@cmegroup.com, www.cmegroup.mediaroom.com; CME Group Investor Contact: John Peschier, 312.930.8491; Nasdaq Media Contact: Matthew Sheahan, 212.231.5945, matthew.sheahan@nasdaq.com, www.nasdaq.com

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