CME Group to launch four new E-mini futures contracts in June

CME Group (NASDAQ: CME) announced it will launch four new E-mini futures contracts on June 29, pending regulatory review, according to a company press release.

The new contracts will enable trading on broad market indices covering more than 90% of the U.S. investable market capitalization. The four products include E-mini Morningstar U.S. Total Market Index futures, E-mini Russell 3000 Index futures, E-mini S&P 1500 Composite Index futures, and E-mini S&P Total Market Index futures.

"These new E-mini futures contracts expand our benchmark equity index ecosystem to meet growing client demand for unified, all-cap risk management tools," said Joe Hickey, Global Head of Equity Products at CME Group.

The launch follows CME Group's new multi-year index-based derivatives licensing agreement with Morningstar. Amelia Furr, President of Morningstar Indexes, stated that the Morningstar U.S. Total Market Index currently underpins approximately $2 trillion in assets, including what the company describes as the world's largest mutual fund.

The products will be listed on CME and subject to the exchange's rules. CME Group operates derivatives markets across multiple asset classes including interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals through its CME Globex platform.

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