Derivatives marketplace CME Group is to launch options on S&P 500 Annual Dividend Index futures on 29 January, pending regulatory review, in response to client demand for additional flexibility to customise dividend-related strategies.
The company’s S&P 500 Annual Dividend Index futures traded more than 900,000 contracts in 2023, according to Paul Woolman, Global Head of equity products at CME Group.
The new options contracts are the latest addition to CME Group’s futures offering, which includes S&P 500 Annual and Quarterly Dividend Index futures, Nasdaq-100 Annual Dividend Index futures, and Russell 2000 Annual Dividend Index futures.
