CME takes NHL team performance into futures market

Aug 11 (Reuters) - Derivatives ‌exchange CME ​said ​on Tuesday it would launch the world's first index-based hockey futures, a novel product designed ‌to track indexes built from real-time performance statistics ⁠for every National Hockey League team.

Here are some details:

• U.S. ‌exchanges and prediction markets ‌have looked to bring popular cultural and emerging economic themes into financial markets, creating new instruments for ​businesses and investors.

• The new contracts will track CME FutureSports Performance Indexes and are set to ⁠launch on September 28, pending regulatory review, using real-time NHL statistics beginning ​with the 2026-2027 season.

• "Financial institutions, companies and individuals rely on the transparency and infrastructure ​of CME Group to hedge ‌across all investable asset classes," Tim McCourt, CME's senior managing director and global head ⁠of equities, FX and alternative products, said.

• McCourt said the product would provide a capital-efficient way for fans, sponsors, ⁠broadcasters and others to navigate the risk associated with the ​performance of each NHL team.

• Separately, the company announced plans to launch two compute futures contracts on October 5, pending regulatory ‌review.

• CME said the trading tools would bring hedging and investment vehicles to ‌market participants looking to manage the cost of compute, ⁠processing power and hardware ‌infrastructure that machines ​need to train and run AI models.

(Reporting by Manya Saini in Bengaluru; Editing by Shilpi ‌Majumdar)

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