CHICAGO -- The Chicago Mercantile Exchange and Fortune magazine have reached an agreement through which Fortune will license the CME to offer new products based on indexes developed by the magazine's editors.
The exchange will develop and trade futures and options contracts on the Fortune e-50 index and the Fortune 500 index.
This is Fortune's first agreement to license its indexes to an exchange to develop derivative products. The Fortune 500 index is based on Fortune's list of America's 500 biggest companies, ranked by revenue. The Fortune e-50 index, announced in December, is designed to track the performance of companies shaping the Internet economy.
It includes firms that generate a large share of their revenues from online products or services, along with those that provide and maintain the Internet infrastructure.