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First Contract Expiration (June 2007 contract) - 3 a.m. Chicago Time, Friday, June 15, 2007
The first expiration for CME E-mini FTSE/Xinhua China 25 Index futures will take place on Friday, June 15, 2007. Trading can occur up to 3:00 a.m. Chicago time (4 p.m. Hong Kong time) for the expiring June FTSE/Xinhua China 25 Index futures. For more information click here.
In response to a growing need for a product offering 24-hour access to the Chinese equity markets, CME is introducing CME E-mini® FTSE®/Xinhua® China 25 Index futures. The FTSE/Xinhua China 25 Index is comprised of 25 of the largest, most liquid “red-chip” and “H-share” Chinese companies listed on the Hong Kong Stock Exchange. With its launch, this contract will be the only futures product to provide efficient, 24-hour, global electronic access to the Chinese equity markets. Click here for the product brochure discussing the benefits of trading this contract.
Click here to view the contract term sheet. Benefits - Global, 24-hour access to the tremendous opportunities of the China red-chip and H-share equity markets
- Efficiency of using a single electronically traded futures contract to manage exposure to Chinese markets
- Convenience of a U.S. dollar-based contract for investors who frequently trade using U.S. dollar denominated investments
- Market makers to help grow liquidity
- Cost-effectiveness of trading futures, with minimal transaction costs, taxes and custodial fees typically associated with global investing
- Versatility of use for a variety of trading strategies, including cash equitization, risk and transition management and statistical arbitrage
- Ease of execution through the cutting-edge technology of the CME Globex® electronic trading platform, which provides speed, reliability and anonymity
- Central marketplace provided by CME Clearing, serving as counterparty to every trade and virtually eliminating credit risk
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