Another contract from the CME

The CME has launched futures and options based on the US non-farm payroll data. It says that the contracts will allow its customers to directly manage their exposure to the government labour number or to offset positions in financial markets. In a press release, Rick Redding, CME Group managing director of products and services, says: “There is a strong correlation between the non-farm payroll report and CME financial futures contracts as well as other financial instruments. Listed futures and options on futures on the non-farm payroll are a transparent, straightforward and accessible way for our customers to offset unexpected financial market moves that often occur when this number comes out.”