CHICAGO, July 1, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, has today launched €STRWatch, which enables clients to
understand the potential impact of ECB rate decisions on futures
settlement prices and builds on the success of CME Group's
FedWatch, SOFRWatch and TreasuryWatch tools.
Using €STRWatch, clients will be able to analyze their
expectations of the impact of ECB policy decisions in upcoming
meetings, providing a view of where CME Group €STR
futures prices could settle if their expectations prevail.
Given the high correlation between the ECB's deposit facility rate
and the €STR rate, the tool takes into account the spread between
these rates to project forward €STR rates.
"The recent shift in European interest rate policy has put even
greater emphasis on the importance of risk management and the need
for comprehensive data to understand what the market is pricing in
for €STR contracts," said Mark
Rogerson, Head of Interest Rate Products, EMEA, CME Group.
"As our €STR futures marketplace continues to build liquidity and
participation, we have launched this new tool to help clients
navigate this period of monetary policy change."
€STRWatch is available for use ahead of the next ECB monetary
policy meeting scheduled for July
25.
For more information on €STR Watch, please
visit https://www.cmegroup.com/estrwatch. For the underlying
methodology, please visit
https://www.cmegroup.com/estrwatch-methodology.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group