Merc inked a deal with LSE in August to expand the latter’s US presence
CME Group will on Monday launch futures
contracts on US large cap indexes, the Russell 1000 along with
the Russell 1000 Growth and the 1000 value, just six weeks
after inking a deal with the LSE’s FTSE
Tim McCourt, executive director equity
index products CME, told FOW, "Currently with the launch of the
Russell 1000 we’ll also be introducing the BTIC
mechanism on Globex.
"BTIC is something we currently allow on
our sector futures in a block form. On the 21 [September]
we’re debuting that functionality on the Russell
1000 making it the first time on Globex for an equity product,"
The London Stock Exchange’s FTSE
Russell and CME signed a deal in August to launch contracts
based on the index complier’s key benchmarks in
the fourth quarter of the year.
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