CHICAGO, May 3, 2022
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced it will expand its micro-sized energy
offerings with the launch of options on Micro WTI Crude Oil futures
on June 6, 2022, pending regulatory
review.
"Micro WTI Crude Oil futures are one of the fastest growing
energy products today, with close to 20 million contracts having
traded since launch and nearly 40% of volume coming from outside of
the U.S.," said Peter Keavey, Global
Head of Energy and Environmental Products at CME Group. "We
continue to see robust new client interest and are pleased to
introduce options to provide even more flexibility for investors to
navigate crude oil volatility with precision."
"The launch of Micro WTI Crude options continues to lower the
barrier to entry to one of the most in-demand futures products for
self-directed active traders," said J.B. Mackenzie, Managing
Director at Charles Schwab Futures and Forex, LLC. "We're pleased
to be able to offer these new options contracts to our clients at
Charles Schwab and TD Ameritrade."
"We're excited to offer our options clients the latest products
from CME Group with the addition of Micro WTI Crude Oil options. We
pride ourselves on offering investors the latest in products and
education," said John Bartleman,
President and CEO of TradeStation Group, Inc. "As investors face
ongoing volatility, Micro WTI Crude Oil options give them an
accessible entry point to the energy markets."
"We are pleased to support the launch of options on Micro WTI
Crude Oil futures," said Steve
Sanders, EVP of Marketing and Product Development at
Interactive Brokers. "CME Group's existing Micro WTI Crude Oil
futures products remain popular among investors and the addition of
options will certainly give our active trader clients additional
flexibility and enhanced precision to manage their crude oil
exposure."
Traders of all sizes are increasingly utilizing the efficiency
and flexibility of CME Group's options complex to manage risk, with
over 4 million options contracts traded across existing micro-sized
products to date.
Options on Micro WTI Crude Oil futures will be listed by and
subject to the rules of NYMEX. For more information and for product
specs, please visit here.
About CME Group
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 and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD,
respectively. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group