CME Group and Osaka Securities Exchange Announce Strategic Partnership
OSE to Launch Futures Based on Dow Jones Industrial Average; CME Group to Launch E-micro futures on the Nikkei 225 Average
CHICAGO and OSAKA, Japan , July 26, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, and Osaka Securities Exchange Co., Ltd. (OSE), the premier Japanese derivatives and securities exchange, today announced the companies have expanded their partnership with a strategic arrangement to cooperate on joint product development, marketing and promotions.
Under this arrangement, the companies will offer Japanese yen-denominated products for their global customer base. OSE will list futures contracts based on the Dow Jones Industrial Average, and CME Group will offer an E-micro futures contract based on the Nikkei 225 Average, both denominated in Japanese yen.
The OSE DJIA futures contract will be listed at OSE and traded on the J-GATE, OSE's derivatives trading platform, subject to OSE rules and regulations.
The E-micro futures contract will be traded on the CME Globex platform and listed on and subject to the rules and regulations of CME. E-micro futures trade at 1/5 the size of the existing CME Nikkei 225 futures contract. Both products are expected to be offered by early 2012.
"We are pleased to further build on our strong relationship with OSE in order to offer customers more risk management and trading opportunities with leading global equity index benchmarks," said Craig Donohue, CME Group Chief Executive Officer. "The addition of yen-denominated futures based upon the Dow Jones Industrial Average at OSE and the E-micro Nikkei 225 contract at CME Group will provide market participants with nearly 24-hour access to global benchmarks sized for their needs and denominated in their currency of choice."
OSE President & CEO, Michio Yoneda said, "We believe that cooperation between CME Group, the world's leading and most diverse derivatives exchange, and OSE, Japan's largest derivatives exchange, will be beneficial to investors in Japan and around the world. In addition to Dow Jones Industrial Average as a first step, OSE will continue to explore developing attractive futures products based on a variety of asset classes with 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 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 world's leading central counterparty clearing providers, which offers 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.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered 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.
About Osaka Securities Exchange Co., Ltd.
Osaka Securities Exchange Co., Ltd. (OSE) is the Japan's largest derivatives exchange and operates "JASDAQ", the largest growth market in Japan. In 2010, total trading volume of all derivative contracts hit the record high of 196,350,000 units. Especially, Nikkei225 mini, a small-sized stock index futures contract, has achieved significant growth, whose trading volume reached 125,110,000 units, increasing by 19.5% from the previous year. In April 2010, OSE merged operations with Jasdaq Securities Exchange Inc., and, in October 2010, integrated "Hercules," its existing growth market, and JASDAQ to form the new "JASDAQ" market with about 1,000 listed companies. OSE is the only listed exchange in Japan whose shares have been traded on its own market since April 2004. For more information about OSE, please visit: www.ose.or.jp/e/
The "Dow Jones Industrial Average(SM)" is a product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes") and has been licensed for use. "Dow Jones®", "Dow Jones Industrial Average(SM)" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), and have been licensed to CME Indexes and sublicensed to and for use for certain purposes by the Osaka Securities Exchange Co., Ltd. ("OSE"). OSE Dow Jones Industrial Average (DJIA) Futures based on the Dow Jones Industrial Average(SM) are not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of trading in such product(s).
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SOURCE CME Group
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