CME Group to Launch Derivatives on Morningstar Indexes in Exclusive Multi-Year Deal
Summary
CME Group and Morningstar have entered an exclusive, multi-year licensing agreement for CME to launch derivatives products based on key Morningstar equity index benchmarks. These Morningstar indexes, which include US Total Market, Large Cap, Mid Cap, and Small Cap, underpin over $3 trillion in linked assets. This partnership significantly expands CME's product offerings in equity derivatives and provides Morningstar with broader market access for its benchmarks. The move aligns with CME's recent strategic focus on expanding its derivatives marketplace, following announcements of new uranium and GPU compute futures.
At the time of this announcement, CME was trading at $263.87 on NASDAQ in the Finance sector, with a market capitalization of approximately $95.6B. The 52-week trading range was $244.56 to $329.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.