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SIBEX announced today that they have signed a sub-license agreement with CME Group and Dow Jones Indexes to launch a futures contract based on the Dow Jones Industrial Average – one of the world’s most frequently quoted and recognized equity indexes. CME Group, the world’s largest and most diverse derivatives marketplace, owns the exclusive license to trade U.S. dollar denominated futures and futures-options contracts based on the Dow Jones Industrial Average (DJIA).
The DJIA futures contract listed on SIBEX market will be denominated in USD and Romanian Leu, will have the multiplier of 1 and quarterly maturities up to 12 months. The product is dedicated mainly to Romanian investors and will complete the range of financial instruments available on the Romanian capital market.
"We are pleased to start the cooperation with CME Group and Dow Jones Indexes and this project is one of the most important steps we have made within our strategy of building a liquid and efficient derivatives market in Romania,” said SIBEX President Mr. Teodor Ancuta. “SIBEX continues to strive to bring its customers the best products possible, and the contract on the Dow Jones Industrial Average is one of the most suitable for them.”
“SIBEX is well positioned to bring greater global access to the Dow Jones Industrial Average,” said Robert Ray, Managing Director of International Products and Services, CME Group. “This new relationship will further CME Group’s strategy to develop strategic partners in key growth markets and create new opportunities for investors worldwide.”
“SIBEX took the lead introducing futures based on the most recognized index in the world, the Dow Jones Industrial Average, in Romania. For Dow Jones Indexes, this is another important step to establish this flagship index of our global index family as the leading U.S. equity index underlying investment products globally,” said Michael A. Petronella, president, Dow Jones Indexes. “In the past decade, Romania has been committed to becoming a successful market economy and we are confident in SIBEX’s ability to provide a transparent and successful trading environment for their market participants.”
