CHICAGO, Jan. 19,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that open interest in
Copper Options (HX) has reached multiple, back-to-back records,
reaching 137,574 contracts on January 18,
2023. Average daily volume (ADV) across the company's Copper
Futures and Options complex is at 131,466 contracts month-to-date,
up 42% from full-year 2022 ADV. Copper Options ADV is at 12,513
contracts month-to-date, up 410% over last year.
"As market participants navigate ongoing recession risk and
China's easing of COVID-19
restrictions, they are increasingly using our Copper Options
products to manage potential price moves," said Jin Chang, Global Head of Metals at CME Group.
"The base metals industry is increasingly choosing to transact with
CME Group for the transparent on-screen liquidity and around the
clock access that our markets provide, and we are pleased with the
growth we continue to see across our aluminum, copper and battery
metals complex."
Five of the top five all-time open interest Copper Options (HX)
records occurred over the last five trading days, including:
- Wednesday, January 11: 119,842
contracts
- Thursday, January 12: 125,914
contracts
- Friday, January 13: 128,183
contracts
- Tuesday, January 17: 133,234
contracts
- Wednesday, January 18: 137,574
contracts
Global Aluminum Futures (ALI) are also off to a strong start
this year, with ADV month-to-date currently at 3,096 contracts, up
85% from full-year 2022 ADV. Copper Options and Aluminum Futures
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