Futures
CME's Micro E-mini Equity Index Futures Reach 3 Billion Contracts
2024-12-10
The world's leading derivatives marketplace, CME Group, has made a significant mark in the financial world. As of November 29, an astonishing number of more than 3 billion Micro E-mini Equity Index futures have been traded across all four major indices. This remarkable achievement showcases the growing popularity and importance of these futures contracts in the global market.

Testimonials from Industry Leaders

Tim McCourt, the Global Head of Equities, FX and Alternative Products at CME Group, emphasizes the significance of this milestone. "With over three billion of these contracts traded in less than five years, our Micro E-mini Equity Index futures continue to establish themselves among the most actively traded and deeply liquid index products." This highlights the trust and confidence that market participants have in these futures, which offer a flexible and efficient way to manage index exposure.Emily Spurling, Senior Vice President and Head of Global Index at Nasdaq, also extends her congratulations. "Nasdaq and CME Group have been providing investors with access to the Nasdaq-100 Index® through innovative products for more than 25 years. The Micro E-mini Nasdaq-100 Index offers investors greater flexibility as they manage their portfolios. We look forward to our continued collaboration to deliver products that give investors more exposure to our Nasdaq-100 Index® ecosystem."Tim Brennan, Global Head of Capital Markets at S&P Dow Jones Indices, congratulates CME Group on reaching another significant market milestone. "This latest milestone reinforces the ongoing strength of both the S&P 500 Index and the Dow Jones Industrial Average. These indices are widely regarded as the best single gauges of the U.S. equity market and are among the world's most watched and widely cited benchmarks."Shawn Creighton, Director of Index Derivatives Solutions for FTSE Russell, also expresses pride in CME Group's achievement. "FTSE Russell congratulates CME Group on reaching this significant milestone of three billion contracts traded across its Micro E-mini derivatives complex. The Russell 2000 Index has been a leading benchmark for small cap performance for nearly 40 years, and the Micro E-Mini Russell 2000 futures provide investors with a highly liquid and efficient U.S. small cap equity risk management tool."

Product Launches and Growth

Micro E-mini Equity Index futures became available for trading on the S&P 500, Nasdaq-100®, Russell 2000 and Dow Jones Industrial Average in May 2019, becoming one of the most successful new product launches in CME Group's nearly 180-year history. In addition, Micro E-mini S&P MidCap 400 and Micro E-mini SmallCap 600 futures joined the Micro E-mini futures suite in March 2023.Due to ongoing client demand and the strong support of index partners, brokers and the intermediary community, these contracts have continued to grow. In 2024-to-date, there have been an average of 2.5 million contracts in daily volume. Additionally, 19% of the volume occurs outside of U.S. trading hours, demonstrating the global reach and popularity of these futures. More than 700 firms and 620,000 unique accounts have traded these contracts in the last year, further highlighting their significance in the market.The success of these Micro E-mini futures can be attributed to their flexibility, liquidity and ability to meet the diverse needs of investors. They provide a convenient way to gain exposure to major indices and manage risk, making them an essential tool for both institutional and individual investors.As CME Group continues to innovate and expand its product offerings, it is likely that these Micro E-mini Equity Index futures will play an even more important role in the global financial markets. With their proven track record and continued growth, they are set to remain a key component of investors' portfolios for years to come.
Futures Await Wednesday's CPI as Stocks Stall
2024-12-10
The upcoming November reading of the consumer price index (CPI) on Wednesday holds great importance as it is among the last major datasets before the Fed's Dec. 17-18 meeting. Market expectations suggest a slight increase in inflation last month. According to CME's FedWatch, trader bets on the Fed delivering another 25 basis point interest rate cut next week stand at over 86%. These bets saw a significant jump after Friday's employment report which showed a surge in job growth but also an uptick in unemployment.

Central Bank's Anticipated Pause in Cuts

The central bank is expected to pause cuts in January. Last week, a host of officials hinted at a slower pace of monetary policy easing due to the resilient economy. This decision is likely to have far-reaching implications for the financial markets and the overall economic landscape.

Impact on Dow, S&P 500 and Nasdaq E-minis

At 5:28 a.m. ET, Dow E-minis were down 19 points, or 0.04%. S&P 500 E-minis were down 2 points, or 0.03%. Nasdaq 100 E-minis were up 1.5 points, or 0.01%. These movements reflect the uncertainty and volatility in the market ahead of the CPI reading and the Fed's decision.

Wall Street's Monday Performance and Technology Stocks

Wall Street's main indexes closed lower on Monday. Technology stocks, led by Nvidia (NASDAQ:NVDA), faced declines after the Chinese market regulator launched an antitrust probe into the AI chip giant. Its shares were down 0.9% in premarket trading on Tuesday. This shows the sensitivity of the market to regulatory actions and geopolitical factors.

Year-End Journey of U.S. Equities

U.S. equities started their year-end journey on a broadly positive note. The benchmark S&P 500 and the tech-heavy Nasdaq logged gains in their first week, building upon a stellar November after Donald Trump's win in the presidential election. The potential policies of the president-elect on tax cuts and looser regulation in the incoming administration are expected to boost corporate performance.

Pre-Market Movers and Their Performance

Among premarket movers, Oracle (NYSE:ORCL) dipped 8.4% after missing Wall Street estimates for second-quarter results and forecasting its third-quarter profit below estimates. C3.ai climbed 8.6% after raising its forecast for fiscal year 2025 revenue. Software firm MongoDB (NASDAQ:MDB) slipped 3.6% despite raising its forecast for annual results. These examples highlight the diverse performance of different companies in the premarket trading.
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Суд Москвы приговорил бывшего председателя БКФ Ольгу Миримскую к 19 годам за взятки
2024-12-10
Москва, 10 декабря. РИА Новости сообщает о судебном решении, по которому бывший председатель совета директоров БКФ (Банк корпоративного финансирования) Ольга Миримская была приговорена к 19 годам лишения свободы за попытки подкупить судей и за дачу взятки следователю. Все это произошло на общую сумму в 1,8 миллиона долларов.

Судебное решение и наказание

Измайловский районный суд столицы вынес решение, по которому женщине назначили штраф в размере 400 миллионов рублей. Кроме того, она была отправлена в колонию (не указано, какая именно).

Суд признал Миримскую виновной в даче взяток следователю Юрию Носову автомобилями, а также в трех эпизодах покушения на дачу взятки судьям Пресненского суда Москвы и Девятого апелляционного арбитражного суда. Однако банкирша не признала свою вину.

Процесс судебного расследования

Во время судебного процесса прокуратура запрашивала для женщины 20 лет лишения свободы и штраф на 500 миллионов рублей. Это показывает серьезность уголовного дела и обеспокоение властей за нарушения закона.

Судебное заседание было проведено с тщательностью и в соответствии с законодательством. Все стороны представили свои аргументы и доказательства, но в итоге судьи пришли к решению, осудить Миримскую.

Влияние судебного решения на бизнес-среду

Данное судебное решение может иметь значительное влияние на бизнес-среду. Банк, в котором Миримская занимал важное положение, может столкнуться с дополнительными проблемами и потерями в результате ее обвинений.

Также это может служить предупреждением для других бизнесменов и руководителей компаний, показывая серьезность наказания за нарушения закона. Будет интересно наблюдать, как это решение повлияет на будущее бизнеса в Москве.

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