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CME Group to Conduct Industry Outreach on Expanded CBOT Grain and Oilseed Hours
Jan 23 - CME Group, a diverse derivatives marketplace, has announced it will begin the process of conducting outreach to customers, producer groups and other market participants on expanded CBOT grain and oilseed trading hours.
"We've received significant customer feedback about the extended hours we implemented for CBOT grains last summer," said Tim Andriesen, managing director, agricultural commodities and alternative investments, CME Group. "As we start a new year, we think the timing is right to review those changes and industry feedback more formally to ensure we're continually meeting our customers' needs. Beyond hours, we continue to explore other suggestions from our customers on ways to enhance our products and markets."
CME Group will engage participants on CBOT grain and oilseed trading hours, which were expanded to 21 hours-per-day in May of 2012, through one-on-one conversations, customer focus groups and an online survey. The survey will be made available to participants on CME Group's website from Jan. 22 through Jan. 31.
The CME Group survey is open to all CBOT grain and oilseed customers and market participants and can be found online at www.cmegroup.com/agsurvey.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform, its CME Direct online trading technology offering side-by-side trading of exchange-listed and OTC derivatives and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.