CHICAGO, Feb. 15, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced Copper futures open interest surpassed 300,000 contracts
for the first time on Monday, February 13,
2017. Copper ended the trading session with a total of
300,996 contracts open interest, surpassing the previous record of
297,830 set on February 1,
2017.
"Copper and other industrial metals have continued to experience
heightened levels of volatility and uncertainty," said Young-Jin Chang, CME Group Global Head of
Metals. "Increasingly market participants are using our deep,
liquid COMEX Copper futures to hedge their price risk as evidenced
by multiple open interest records and volume growth year to
date."
Since the start of 2017, Copper futures have clocked 14 open
interest records, including 11 consecutive record days. Copper
futures are listed by and subject to the rules of COMEX.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. Through its exchanges, CME Group offers the widest
range of global benchmark products across all major asset classes,
including futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural products and
metals. CME Group provides electronic trading globally on its
CME Globex platform. The company also offers clearing
and settlement services across asset classes for exchange-traded
and over-the-counter derivatives through its clearinghouses CME
Clearing and CME Clearing Europe. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
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CME-G
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SOURCE CME Group