CME Group Launches S&P UBS Liquid Leveraged Loan Index Futures
CME Group has launched futures contracts based on the S&P UBS USD Liquid Leveraged Loan Index, offering a centrally cleared and capital-efficient tool for managing risk in leveraged loan markets. The new product allows institutions to hedge exposures beyond traditional investment-grade and high-yield bonds while benefiting from cross-margining efficiencies within CME's clearing system. This marks an expansion of the tradable credit ecosystem, with S&P Dow Jones Indices highlighting it as a milestone that enhances market participation through transparent benchmarks combined with liquid tools. Since launching its broader credit futures in June 2024, over 1.5 million contracts have traded across CME's platform. The new index futures are available on the Globex trading platform and eligible for clearing via ClearPort. They provide automatic margin offsets against other asset classes like interest rates and equities, contributing to daily efficiencies exceeding $95 billion.
Tickers: $CME
Topics: CME Group futures leveraged loans S&P UBS Index