CME internet index
The Chicago Mercantile Exchange has applied for approval from regulators to trade futures and options on the Fortune e-50 index. The index, licensed by Fortune magazine for trading on the CME, is a modified capitalisation-weighted index designed by the magazine’s editors.
It aims to track the performance of companies shaping the internet economy, and will be the first internet index to trade on the CME, the exchange said. Fortune has also licensed the CME to trade futures and options on the Fortune 500 index, based on the publication’s list of America’s 500 largest companies.