S&P/Case-Shiller Home Price (CSI) Indices futures and options are the first comprehensive financial tools that make it possible to manage U.S. housing risk.

Overview

These products provide opportunities for protection or profit in up or down markets,
and extend to the housing industry the same tools for risk management and investment that previous CME Group innovations have brought to agriculture and finance.

Contracts

CSI Indices futures and options are cash-settled to a weighted composite index
of U.S. housing prices, as well as to specific markets in 10 major U.S. cities:
• Boston                          • Miami
• Chicago                        • New York
• Denver                          • San Diego
• Las Vegas                   • San Francisco
• Los Angeles                • Washington, D.C.

Benefits of Trading CSI Futures and Options

• A new means of risk transfer to a broad range of investors
• Low cost exposure to real estate values without direct ownership of properties
• Access to a unique asset class
• Opportunity to profit from a movement in housing prices
• A way to make trading in real estate a short-term and liquid investment

Market Participants

Businesses whose profits or losses are related to any area of the housing industry
• Property and real estate developers
• Banks
• Mortgage lenders
• Home suppliers

Businesses seeking exposure to an uncorrelated asset class
• Hedge funds
• Commodity trading advisors (CTAs)
• Pension funds
• Foreign investors

Full Report