CME, the world's largest and most diverse financial exchange, today announced that it plans to list its CME Euroyen futures and options on futures contracts on the CME Globex electronic trading platform.
Beginning on Sunday, February 4, 2007, for trade date of February 5, side-by-side electronic and open outcry trading will be available for the Euroyen TIBOR (Tokyo Interbank Offered Rate) contract. The contract will continue to be eligible through the Mutual Offset System Agreement with the Singapore Exchange (SGX).
"Listing our Euroyen products on CME Globex not only increases product distribution but also creates new trading opportunities on a nearly 24 hour basis to serve customers across multiple time zones," noted Robin Ross, Managing Director, CME Interest Rate Products. "Euroyen futures and options on futures will leverage the same innovative CME Globex functionality that provides unparalleled liquidity for our CME Eurodollar products, such as implied spreads and complex options combinations. Additionally, clients will continue to benefit from cross margining with other interest rate products cleared at CME."