NEW YORK (HedgeWorld.com)–The New York Board of Trade announced an agreement with the Frank Russell Co., Tacoma, Wash., allowing NYBOT the right to list futures and options contracts based on 21 Russell U.S. equity indexes.
The product rollout will begin in coming weeks on NYBOT’s New York Futures Exchange Inc. subsidiary.
It will start with futures on the Russell 1000 Value index and Russell 1000 Growth (symbols VV and GG). These will be cash settled and will have a contract size of 500 times the index.
“As the world already knows, Russell is widely respected as an index provider that offers only the highest quality product. It is our pleasure to continue to partner with the Russell organization in offering these new index products,” said Charles H. Falk, NYBOT’s chairman, in a statement April 17.