The CBOE Futures Exchange (CFE), a wholly owned subsidiary of the Chicago Board Options Exchange, is planning to offer trading in futures on Radar Logic 28-Day Real Estate indexes. CFE has filed with the Commodity Futures Trading Commission for starting the trade on or after October 27. The first futures contract may be listed on Radar Logic’s 25-Metropolitan Statistical Area (MSA) Composite Index, which tracks values of the U.S. residential housing market as a whole. The listing will provide real estate lenders, developers, investors and insurers an efficient way to help protect against or seek to take advantage of declining or rising residential values in all types of real estate environments.
Click here for the release from PR Newswire.