CME Group Tuesday announced the launch of Short-Dated New Crop Options on KC Hard Red Winter Wheat futures.
Pending CFTC review, these new short-dated options will be available for trading on the Chicago trading floor and CME Globex on Aug. 26, 2013. These products will be listed with and subject to the rules and regulations of the Kansas City Board of Trade.
Tim Andriesen, CME Group managing director of agricultural commodities & alternative investments, said since acquiring KCBT last year, CME has developed the HRW wheat options complex through the introduction of new products and the growth of standard options.
"These new short-dated options will provide market participants with a cost-effective tool to manage their price risk during targeted timeframes in the hard red winter wheat growing season," Andriesen said. "At the same time, average daily volume in our standard KC HRW Wheat options has increased by 30% since December 2012."
KC HRW Wheat Short-Dated New Crop Options are options on the July 2014 futures with earlier expiring contract months being listed – December 2013, March 2014 and May 2014.
For more information visit www.cmegroup.com/kcbt.