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Fly News Breaks for January 10, 2020
News For CME From the Last 2 Days
Jul 7, 2022 | 09:05 EDT
CME Group announced plans to expand its suite of Sector futures with the addition of six new contracts on August 8, pending regulatory review. These new contracts will include: E-mini S&P Regional Banks Select Industry futures; E-mini S&P Insurance Select Industry futures; E-mini S&P Biotechnology Select Industry futures; E-mini S&P Oil & Gas Exploration and Production Select Industry futures; E-mini S&P Retail Select Industry futures; and E-mini PHLX Semiconductor Sector Index futures. "We continue to see strong market demand for liquid, cost-effective and capital-efficient tools to track the same underlying indices as some of the most popular ETFs," said Tim McCourt, CME Group Global Head of Equity and FX Products. "These new contracts will provide more opportunities and versatility in managing sector exposure and will complement the growing liquidity pool of our existing Sector futures product suite, which cover more than 10 S&P Select Sectors, as well includes Dow Jones US Real Estate and Nasdaq Biotech futures, giving clients more tools to meet their trading needs."
Jul 6, 2022 | 06:03 EDT
UBS analyst Alex Kramm lowered the firm's price target on CME Group to $246 from $258 and keeps a Buy rating on the shares. While volumes for Q2 came in slightly below expectations, Kramm expects recent Fed rate hikes to drive upside to net interest income despite a slight decline in estimated margin deposits, the analyst tells investors in a research note.