CME to list futures on S&P SmallCap 600
The Chicago Mercantile Exchange (CME) will start to trade futures contracts on rating agency Standard & Poor’s (S&P) SmallCap 600 stock index from November 11.
"S&P SmallCap 600 futures will offer a myriad of investment opportunities, allowing investors to increase their small-cap exposure, initiate hedges or spread small-cap issues against mid-caps or large caps to profit from relative price valuation," said CME president and chief executive Jim McNulty. "Customers of the CME can trade these strategies utilising the S&P 500 and S&P MidCap 400 along with these new S&P SmallCap 600 futures."
Last week, the CME confirmed it plans to proceed with its initial public offering, despite continued weakness in the US stock market.
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