WASHINGTON (dpa-AFX) - Futures exchange operator CME Group Inc. (CME) announced Friday the launch of options on its Physically Delivered Cocoa futures contracts. These options will be listed on CME Group's European exchange, CME Europe, for first trade date on June 29, 2015. Cocoa options are authorised and approved by the United Kingdom (UK) Financial Conduct Authority.
The company note that the introduction of Cocoa options follows the successful launch of CME Europe Cocoa futures, which have traded more than 2,500 contracts since inception and have nearly 900 contracts open interest.
These contracts will be denominated in euros beginning with the September 2015 listed month. They will be subject to the rules of CME Europe and cleared via CME Clearing Europe, CME Group's European clearing house.
Copyright RTT News/dpa-AFX