CME Group reveals details of its US commercial real estate contract

16 Oct 2007 email

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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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