CHICAGO, July 25,
2022 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that open interest in
Copper options surpassed 100,000 contracts on July 21, 2022, reaching an all-time record after
multiple back-to-back open interest record days throughout the
week.
"Seen as a bellwether for the global economy, market users are
turning to our Copper options to manage risk as expectations for an
economic slowdown continue to increase," said Jin Chang, Global Head of Metals at CME Group.
"Our clients clearly value the defined risk/reward structure of our
Copper options that provide an effective way to manage adverse
price movements, as reflected in recent volume and open interest.
We look forward to continuing to provide enhanced solutions across
global base metals markets."
Four of the top five open interest records occurred over the
last five trading days, including:
- Monday, July 18: 97,496
contracts
- Tuesday, July 19: 97,593
contracts
- Wednesday, July 20: 99, 837
contracts
- Thursday, July 21: 100,632
contracts
Copper Option contracts are listed by and subject to the rules
of COMEX. For more information, 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