CME Group brings AVAX and SUI futures to market as trading goes live
The initial trade was executed between FalconX and G-20 Group, and beginning 29 May, the contracts will be available for 24/7 trading.
The initial trade was executed between FalconX and G-20 Group, and beginning 29 May, the contracts will be available for 24/7 trading.
The new contracts align with the rising demand for listed dividend products, and will span options on the S&P 500 annual dividend index futures and Nasdaq-100 and Russell 2000 quarterly dividend index futures.
The new contracts will cover Avalanche and SUI futures in both micro and larger sizes; go live set for 4 May.
The new capabilities make use of Google Cloud Universal Ledger, and are expected to lay the groundwork for broader treasury use cases in the future.
The new contracts will include stocks from the S&P 500, Nasdaq-100 and Russell 1000 indices, and follow a recent surge in institutional demand for equity derivatives across the industry.
The combination is set to meet growing demands for efficiency in the space and enhance global FX market connectivity.
The move will see FairXchange’s execution analytics technology integrated into CME Group’s EBS Direct platform as it looks to improve how FX liquidity is priced, accessed and evaluated.
The outage, sparked by a cooling issue at one of the group’s data centers, began at 8.40pm CT on Thursday; BrokerTec EU, BrokerTec US Actives and EBS markets have reopened.
The offering marks an agreement between Bloomberg Index Services Limited and CME Group and is expected to provide access to reliable and transparent FX fixings.
The offering aligns with further planned expansion, with the firm also set to offer EBS Direct and CME Group’s FX Spot+ platform.