THREAD:
@CMEGroup is launching micro e-mini options on Aug 31.
Below is an attempt to quantify how big of a win they could be for the exchange.
Read on for more 
$CME
Show this thread
-
If we look at the relationship between equity index futures and options pre-micros, we find options volume is ~25% of corresponding futures products.
$CME micro e-mini futures ADV: ~1.7M contracts 1.7M * 25% = ~430K options contracts per day at full maturityShow this thread
Did micro e-minis cannibalize other equity index products?
The answer at a high level looks to be no - while micros have accounted for most of the growth in $CME's equity index asset class, ex micro the group hasn't seen volumes decrease:pic.twitter.com/rWbIjosVso
