CME Group to Launch E-mini Nasdaq-100 Tuesday and Thursday Weekly Options Next Month

Fazzaco learned that CME Group, the world's leading derivatives marketplace, has announced that it will expand its suite of E-mini Nasdaq-100 options with the launch of Tuesday and Thursday Weekly options on October 3. The decision is subject to regulatory approval.

According to the company, these new weekly options contracts will complement the existing Monday, Wednesday and Friday Weeklies, End-of-Month and Quarterly options on Nasdaq-100 futures.

In addition, CME Group witnessed sustainable growth in trading activities around E-mini Nasdaq-100 options. Year-to-date, the average daily volume (ADV) of E-mini Nasdaq-100 Monday, Wednesday and Friday Weekly options has reached 29.4K contracts, revealing a 66% increase year-on-year.

"As demand for additional short-dated equity options continues to grow, we are expanding the number of weekly expiries to allow our clients to hedge or trade with enhanced flexibility and precision around major market-moving events," said Tim McCourt, Global Head of Equity and FX Products at CME Group. "The addition of Tuesday and Thursday Weekly options also builds on our longstanding partnership with Nasdaq and provides another way for traders to access our deep, liquid underlying Nasdaq-100 futures markets."

"The Nasdaq-100 index has provided investors with exposure to the world's most innovative companies for over 35 years," said Sean Wasserman, Vice President and Global Head of Index & Advisor Solutions at Nasdaq. "We're pleased to be continuing our work with CME Group to expand the weekly options supporting investors with innovative tools to customize their investments and risk management."

CME Group, which offers wide range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals, has still been constantly expanding its offerings. The company launched Bitcoin Euro and Ether Euro futures​ at the end of August.