CME Group reveals details of its US commercial real estate contract
CME Group has disclosed the contract specifications for its new US commercial real estate contracts, which are set to be launched 28 October.
Ten quarterly cash-settled contracts based on property type and geography will be available. The listings include a national composite index; indexes on property types consisting of retail, office, apartments and warehouse
properties; and five U.S. regional indexes covering Desert Mountain West, Mid-Atlantic South, Northeast, Midwest and Pacific West.
Trading on CME Globex will commence from 5 p.m. to 2p.m.Chicago time the following day Sunday through Thursday.
The contracts will enable investors and speculators to protect or gain exposure to the $5.3 trillion U.S. commercial real estate market.
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