CHICAGO, March 25,
2024 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that open interest in
Copper options surpassed 200,000 contracts for the first time ever
after achieving several consecutive daily open interest
records.
"In today's uncertain environment, market participants are
turning to the robust on-screen liquidity of our options markets to
express their views on copper, a key bellwether of the global
economy," said Jin Hennig, Global
Head of Metals at CME Group. "This open interest milestone reflects
strong global demand for these products as clients work to
effectively manage their industrial metals price risk around the
world."
Five of the top five open interest Copper option (HX) records
have occurred over each of the last five trading days,
including:
- Monday, March 18: 190,504
contracts
- Tuesday, March 19: 194,111
contracts
- Wednesday, March 20: 199,341
contracts
- Thursday, March 21: 203,675
contracts
- Friday, March 22: 209,994
contracts
On March 13, 2024 Copper options
also achieved a single daily volume record of 52,578 contracts
traded, doubling the previous record of 25,010 contracts traded on
May 10, 2021.
Copper options are listed by and subject to the rules of COMEX.
For more information, please visit
www.cmegroup.com/copperoptions.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. The company offers futures
and options on futures trading through the CME Globex platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago 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
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
View original
content:https://www.prnewswire.com/news-releases/copper-option-open-interest-surpasses-200-000-for-the-first-time-ever-302098307.html
SOURCE CME Group