CME, the world's largest and most diverse financial exchange, announced today that a fifth economic derivative auction on the U.S. nonfarm payroll will be added beginning Oct. 3 for the CME Auction Markets(TM), a joint partnership with Goldman Sachs.
The additional auction on Tuesdays is expected to provide more opportunity for market participants to address their exposure to the government's job report earlier in the week and will begin at 7:30 a.m. EDT and end at 8:15 a.m. EDT.
CME Economic Derivatives allow market participants to either hedge or take market risk directly associated with the release of economic indicators. CME provides centralized clearing, electronic order routing and marketing services to these auctions. The auctions currently offer digital options, vanilla options and forwards on U.S. nonfarm payrolls, the Institute of Supply Management's PMI index, weekly initial jobless claims, retail sales, European inflation (HICP), the international trade balance and gross domestic product (GDP) and U.S. consumer price index (CPI).
For more information on current CME Auction Markets, please go to http://auctions.cme.com/ .
CME ( http://www.cme.com ) is the world's largest and most diverse financial exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex(R) electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME), which is part of the Russell 1000(R) Index and the S&P 500(R) Index.
