The Small Exchange Opens, Launches Small, Standard, and Simple Futures Products, Reports Benzinga
"On May 19, the Small Exchange announced the launch of a new futures exchange after receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) and successfully completing Options Clearing Corporation (OCC) tests. The launch marks a new beginning for the industry, as more market participants will now have access to products to manage risk, that are standardized, and easy to consume financial instruments." reports Benzinga.
“The futures markets missed the boat on the retail world and general public,” Roberts told Benzinga. “We needed to standardize the contracts. We standardized the tick sizes, the expiration cycles, and [reduced] the notional size,” said the CEO. “We feel very confident that the products themselves would allow participants to hedge their existing portfolio -- transfer risk -- and we also feel they move enough to give people the opportunity for short-term trading, or asset speculation.”
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