CHICAGO, Dec. 14,
2022 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that Micro WTI options
volume surpassed 100,000 contracts on December 13, 2022.
"Traders are facing unprecedented volatility as markets react to
recession risk, OPEC and U.S production shifts, changing demand
from China, geopolitical events
and other factors," said Peter
Keavey, Global Head of Energy and Environmental Products at
CME Group. "As a result, we are seeing an increase in demand for
the flexibility and capital efficiency of our Micro WTI options to
navigate uncertainty and express a view on how these variables
could evolve. We are pleased that our Micro WTI futures and options
continue to grow as market participants increasingly seek access to
our global benchmark."
Micro WTI Options launched in June
2022 following the successful launch of Micro WTI futures
and have become some of the fastest growing products at CME Group.
Key highlights include:
Micro WTI options:
- November was a record month for average daily volume (ADV) and
average daily open interest (ADOI), with ADV of 1,200 contracts and
ADOI of 6,000 contracts.
- Over 2,500 unique users from 28 firms have traded Micro WTI
options since launch.
- Approximately 20% of volume has originated outside the U.S.,
with 30% trading during non-U.S. hours. Volume has originated from
70 different countries and territories.
Micro WTI futures:
- Over 37 million contracts have traded since launching in
2021.
- 2022 ADV year-to-date is up 292% at over 122,000 contracts.
Open interest has surpassed 40,000 contracts.
- Over 86,000 unique market participants from 215 firms have
traded this product. More than 42,000 of those traders had never
previously traded a crude oil contract at CME Group.
- In 2022, 37% of volume has traded during non-U.S. hours. 46% of
Micro WTI futures total volume has originated outside of
North America, with volume from
Asia Pacific accounting for 26% of
total volume and Europe and the
Middle East accounting for 19%.
Volume has originated from over 155 unique countries and
territories.
Options on Micro WTI Crude Oil futures are listed by and subject
to the rules of NYMEX. 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