Contract months extending out 18 months will be listed on a quarterly cycle of February, May, August and November. Contracts listed 19 to 36 months out will be available on a biannual schedule of May and November contracts. An annual November listing schedule will apply to contracts listed 37 to 60 months out into the future.
The expanded listing schedule for the cash-settled futures and options contracts on 10 cities and one composite index is in response to customer requests. Contracts listed further out will allow for more opportunities for protection or profit in up or down markets in the same way that investors manage risk for other CME Group products such as agriculture or financial contracts.
CME Group began listing housing futures and options in May 2006. The 10 cities include Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York City, San Diego, San Francisco and Washington D.C., in addition to the composite index containing all 10 cities. The Housing indices were developed in cooperation with MacroMarkets LLC. For more information, please go tohttp://www.cme.com/housing. -Chicago Mercantile Exchange