CME Group launches €STRWatch to help clients manage risk around ECB policy decisions By Investing.com

CHICAGO, July 1, 2024 /PRNewswire/ — CME GroupThe world’s leading derivatives exchange, today launched €STRViewthat allows clients to understand the potential impact of ECB interest rate decisions in futures settlement prices and is based on the success of CME Group (NASDAQ:) FedWatch, SOFR watch and Treasure Observatory tools.

Using €STRWatch, clients will be able to analyse their expectations regarding the impact of ECB political decisions in upcoming meetings, providing insight into where CME Group €STR Futures Prices could stabilize if their expectations prevail. Given the high correlation between the of the ECB deposit facility rate and the €STR rate, the tool takes into account the differential between these rates to project the €STR rates in the future.

“The recent change in European interest rate policy has placed even greater emphasis on the importance of risk management and the need for comprehensive data to understand what the market is pricing in €STR contracts,” he said. Mark RogersonDirector of Interest Rate Products, EMEA, CME Group. “As our €STR futures market continues to generate liquidity and participation, we have launched this new tool to help clients navigate this period of changing monetary policy.”

€STRWatch is available for use before the next ECB monetary policy meeting scheduled for July 25th.

For more information on €STR Watch, please visit https://www.cmegroup.com/estrwatch. To learn about the underlying methodology, visit https://www.cmegroup.com/estrwatch-methodology.

As the world’s leading derivatives exchange, CME Group (www.cmegroup.com) allows clients to trade futures, options, cash and OTC markets, optimize portfolios and analyze data, enabling market participants around the world to effectively manage risk and capture opportunities. CME Group The exchanges offer the widest range of global benchmark products across all major asset classes based on Interest rates, stock indices, Foreign exchange, energy, Agricultural products and railsThe company offers futures and options on futures trading through the CME Globex ®, fixed income trading via BrokerTec and FX trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

CME Groupthe Globe logo, CME, Chicago Mercantile ExchangeGlobex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are registered trademarks of Chamber of Commerce of the City of ChicagoInc.NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile ExchangeInc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTDrespectively. He is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P ®”, “S&P 500 ®”, “SPY ®”, “SPX ®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones ®, DJIA ® and are service and/or trademarks of Dow Jones Trademark CorporationThese trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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