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Article: CME Group to Launch OIS Futures and Options on Futures.
- Article from:
- Investment Weekly News
- Article date:
- August 11, 2008
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In a further expansion of its short-term interest rate product offerings, CME Group, the world's largest and most diverse derivatives exchange, announced plans to offer 3-month Overnight Index Swaps (OIS) futures and options on futures. The futures contract is scheduled to become available on Sunday, September 7, 2008, for a trade date of September 8, on the CME Globex(R) electronic trading platform and on Monday, September 8, 2008, for open outcry trading.
The new OIS futures contract will track the overnight effective Federal Funds rate, a major benchmark for the U.S. short-term interest rate market. The contract will reflect the Federal Funds rate compounded ...