CME Group, the derivatives marketplace, and Robinhood Derivatives, LLC, announced that some of CME Group’s most “popular” futures products have started rolling out on the Robinhood mobile app.
Over the coming weeks, eligible Robinhood (NASDAQ:HOOD) customers in the U.S. will have access to futures products “across five major asset classes, including the four leading U.S. equity indices – S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average – as well as bitcoin and ether, major FX currency pairs, key metals including gold, silver and copper, and additional commodities such as crude oil and natural gas.”
Julie Winkler, Chief Commercial Officer at CME Group said:
“Demand for futures has skyrocketed as a new generation of self-directed traders is seeking diversified investment opportunities. Expanding retail access to futures trading is an integral step in educating and empowering this new crop of investors, and we look forward to working with Robinhood to continue providing the products and resources needed to tap into today’s most important markets.”
JB Mackenzie, VP and GM of Futures and International at Robinhood:
“We’re rolling out an elegant new mobile trading ladder that we built from scratch and allows customers to trade simply and efficiently at the speed of a tap. This reimagined experience, coupled with some of the lowest fees in the industry, makes trading futures at Robinhood an easy decision.”
CME Group offers a variety of educational resources for traders, including the CME Institute and Futures Fundamentals, which include online courses, webinars, interactive tutorials and insights “from industry experts and academics, allowing users to gain the knowledge, resources and confidence they need to trade futures.”
Robinhood offers a number of educational resources “to help customers make informed decisions.”
As covered, Robinhood Markets, Inc. says that it “transformed” financial services by introducing “commission-free stock trading and democratizing access to the markets for millions of investors.”
Robinhood lets you trade stocks, options, commodity interests, and crypto, invest for retirement, and earn with Robinhood Gold.
Headquartered in Menlo Park, California, Robinhood says that it puts customers in the driver’s seat, delivering “value and products intentionally designed for a new generation of investors.”
As the world’s derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, “optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities.”
The company offers futures and options on futures trading “through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.”
In addition, it operates one of the world’s central counterparty clearing providers, CME Clearing.
