CME Group, which will stop trading futures contracts on the Russell 2000 small-cap index in September, is waiving all trading and clearing fees for derivatives contracts on the S&P 400 midcap index. The exchange already waived trading and clearing fees for futures and options on futures contracts this year on the S&P 600 small-cap index.
“The S&P SmallCap 600 and MidCap 400 contracts, along with other products in the equity index complex, are attractive alternatives to the Russell 2000 contract, which will no longer be listed on CME Globex following the September 2008 contract expiration,” the CME said in a news release.