CME to offer options on ultra bond

CME Group Announces the Launch of Ultra Treasury Bond Options

CHICAGO, March 17, 2010 – CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of options on Long-Term U.S. Treasury Bond (“Ultra T-Bond”) futures beginning June 7, 2010. Both standard and flexible options on Ultra T-Bond futures will be available. This contract will be listed with, and subject to, the rules and regulations of the CBOT.

“The Ultra T-Bond futures contract is the fastest growing interest rate futures product ever launched by the CME Group exchanges,” said Robin Ross, CME Group Managing Director of Interest Rate Products. “By adding options to the product suite, we are providing our customers with even more opportunities to manage long-term risk and add duration to their portfolios.”

CME Group launched the Ultra T-Bond futures contract on Jan. 11, 2010. This new product is meeting customer demand for a Treasury instrument with off-balance sheet, long duration exposure. The average daily volume for Ultra T-Bond futures in February was 20,530. On March 16, the new contract established record open interest of 82,790 contracts, and on Feb. 24, traded nearly 70,000 contracts – just six weeks after its launch.

To learn more about Ultra T-Bond futures and the upcoming launch of Ultra T-Bond options, visit

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