The move follows the index administrator’s launch earlier this month to develop rules-based benchmarks built from professional and college sports data.
CME Group and Chicago-based FutureSports have inked a long-term partnership to introduce the first futures and options based on sports performance indices, marking a new category of benchmark-linked derivatives. The indices will be administered by FutureSports The exchange will list monthly and quarterly cash-settled contracts tied to FutureSports Performance Indexes (FSPI), which convert officially reported, league-approved team and athlete statistics into rules-based financial benchm