CHICAGO, Oct. 2, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that combined trading in its Tuesday
and Thursday Crude Oil Weekly options has surpassed 100,000 total
contracts traded since launching on July 22,
2024. This week, more than 50,000 Crude Oil Weekly options
also traded on a single day for the first time ever as demand for
short-term options soars.
"Clients are increasingly focused on short-term risk in crude
oil markets, and CME Group is the only liquid marketplace where
market participants can express a view or hedge their exposure to
WTI prices across the entire trading week," said Peter Keavey, Global Head of Energy and
Environmental Products at CME Group. "We look forward to continuing
to provide the flexibility our clients need to manage market events
quickly and effectively."
Crude Oil Weekly options are the fastest growing energy products
at CME Group and continue to achieve new milestones across the
suite of daily expiries:
- October 1, 2024 was a single day
open interest record of 72,053 contracts.
- September was the highest volume month in history, with average
daily volume (ADV) of 27,162 contracts, 15% higher than the
previous record in August.
- September was also the highest month on record for average
daily open interest, reaching 54,700 contracts.
- Three of the top 10 volume days all occurred in September.
Crude Oil Weekly options are listed by and subject to the rules
of NYMEX. For more information, please visit here.
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
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SOURCE CME Group