(Kitco News) - The CME continues to expand its influence in financial markets, particularly among retail investors.
On Wednesday, the CME announced that, in the coming weeks, all eligible Robinhood customers in the U.S. will gain access to futures products across five major asset classes. These include the four leading U.S. equity indices—S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average—as well as bitcoin and ether, major FX currency pairs, key metals such as gold, silver, and copper, and additional commodities like crude oil and natural gas.
"We are extremely pleased to offer some of our most popular futures contracts to the broad network of retail traders on Robinhood," said Julie Winkler, Chief Commercial Officer at CME Group. "Demand for futures has skyrocketed as a new generation of self-directed traders seeks diversified investment opportunities. Expanding retail access to futures trading is an integral step in educating and empowering this new crop of investors, and we look forward to working with Robinhood to continue providing the products and resources needed to tap into today’s most important markets."
"Launching CME Group futures is a significant step forward in our mission to make Robinhood the best place for active traders," said JB Mackenzie, VP and GM of Futures and International at Robinhood. "We're rolling out an elegant new mobile trading ladder that we built from scratch, allowing customers to trade simply and efficiently at the speed of a tap. This reimagined experience, combined with some of the lowest fees in the industry, makes trading futures on Robinhood an easy decision."
This is just the latest step in CME’s efforts to reach retail investors. The world’s leading derivatives exchange recently launched a one-ounce gold futures contract designed specifically for the growing retail gold market.
However, the CME does not offer physical delivery of its one-ounce gold futures, as it is a cash-settled contract.
