We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CME Group (CME) to Introduce Micro WTI Futures Contracts
Read MoreHide Full Article
CME Group Inc. (CME - Free Report) is set to expand its suite of micro-sized futures contracts with the launch of Micro WTI futures. Pending fulfillment of regulatory conditions, it will be launched on Jul 12.
The new Micro WTI futures will be one-tenth the size of benchmark WTI Crude Oil futures contract. It will be cash-settled based on the daily settlement price of NYMEX WTI futures.
These new futures are expected to address customer demand for smaller and more precise instrument for the purpose of controlling crude oil price exposure. They will offer more granularity with better clarity and price discovery of the larger WTI futures contract with smaller margin requirements.
The market participants will get better exposure to the crude oil markets with these new futures, which will upgrade their trading strategies in an affordable way. With the growing importance of the global crude market, demand for these futures is also increasing to gain better access to these markets. Moreover, the newly launched Micro WTI futures will add to CME Group's robust suite of energy futures and options.
CME Group remains focused on driving growth and customer acquisition by expanding, innovating and scaling its core offerings, and increasing participation from non-U.S. customers. This is achieved by expansion of its global sales team, cross-selling of products, expansion of the existing benchmark products, product and service launch and deepening of open interest in core futures and options offerings.
The company launched the Used Cooking Oil Methyl Ester (UCOME) futures contracts in 2020 to support the transition to a greener energy market for transportation fuels.
CME Group exchange consists of designated contract markets for the trading of futures and options contracts. It enables clients to trade futures, options, cash and over-the-counter (OTC) markets and optimize portfolios. It focuses on maximizing futures and options growth globally, diversifying business and revenues, and delivering unparalleled customer efficiencies and operational excellence.
Shares of this largest futures exchange in the world in terms of trading volume as well as notional value traded has rallied 18.9% in the year-to-date period, outperforming the industry’s increase of 6.6%. Moreover, the company’s policy to ramp up its growth profile and capital position should drive shares higher.
The stock carries a Zacks Rank #3 (Hold) currently.
Earnings of OTC Markets surpassed estimates in each of the last four quarters, with the average earnings beat being 33.47%.
Nasdaq surpassed bottom-line estimates in each of the last four quarters, with the average earnings beat being 8.30%.
Virtu Financial surpassed estimates in each of the last four quarters, with the average earnings beat being 30.04%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Image: Bigstock
CME Group (CME) to Introduce Micro WTI Futures Contracts
CME Group Inc. (CME - Free Report) is set to expand its suite of micro-sized futures contracts with the launch of Micro WTI futures. Pending fulfillment of regulatory conditions, it will be launched on Jul 12.
The new Micro WTI futures will be one-tenth the size of benchmark WTI Crude Oil futures contract. It will be cash-settled based on the daily settlement price of NYMEX WTI futures.
These new futures are expected to address customer demand for smaller and more precise instrument for the purpose of controlling crude oil price exposure. They will offer more granularity with better clarity and price discovery of the larger WTI futures contract with smaller margin requirements.
The market participants will get better exposure to the crude oil markets with these new futures, which will upgrade their trading strategies in an affordable way. With the growing importance of the global crude market, demand for these futures is also increasing to gain better access to these markets.
Moreover, the newly launched Micro WTI futures will add to CME Group's robust suite of energy futures and options.
CME Group remains focused on driving growth and customer acquisition by expanding, innovating and scaling its core offerings, and increasing participation from non-U.S. customers. This is achieved by expansion of its global sales team, cross-selling of products, expansion of the existing benchmark products, product and service launch and deepening of open interest in core futures and options offerings.
The company launched the Used Cooking Oil Methyl Ester (UCOME) futures contracts in 2020 to support the transition to a greener energy market for transportation fuels.
CME Group exchange consists of designated contract markets for the trading of futures and options contracts. It enables clients to trade futures, options, cash and over-the-counter (OTC) markets and optimize portfolios. It focuses on maximizing futures and options growth globally, diversifying business and revenues, and delivering unparalleled customer efficiencies and operational excellence.
Shares of this largest futures exchange in the world in terms of trading volume as well as notional value traded has rallied 18.9% in the year-to-date period, outperforming the industry’s increase of 6.6%. Moreover, the company’s policy to ramp up its growth profile and capital position should drive shares higher.
The stock carries a Zacks Rank #3 (Hold) currently.
Stocks That Warrant a Look
Some better-ranked stocks from the finance sector are OTC Markets Group Inc. (OTCM - Free Report) , Nasdaq (NDAQ - Free Report) and Virtu Financial, Inc. (VIRT - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings of OTC Markets surpassed estimates in each of the last four quarters, with the average earnings beat being 33.47%.
Nasdaq surpassed bottom-line estimates in each of the last four quarters, with the average earnings beat being 8.30%.
Virtu Financial surpassed estimates in each of the last four quarters, with the average earnings beat being 30.04%.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>