CHICAGO, April 6,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that it will
launch Monday and Wednesday Gold, Silver and Copper Weekly options
on May 2, pending regulatory review.
These new options contracts will complement the company's existing
Friday Weekly, End-of-Month and Quarterly options on Gold, Silver
and Copper futures.
"Fed policy and economic uncertainty are key focuses for our
clients across the globe, which also have implications for metals
markets," said Jin Chang, Managing
Director and Global Head of Metals at CME Group. "We continue to
see strong demand for our short-term options, which provide clients
with more flexibility to manage short-term price risk. The
introduction of Monday and Wednesday Weekly options on Gold, Silver
and Copper futures will provide enhanced hedging capabilities
around market moving events, including weekend headlines and FOMC
meetings."
Gold Weekly options set a record in 2021, with an average daily
volume of 8,000 contracts. Silver Weekly options also had a record
volume year in 2021 with an average daily volume of over 600
contracts and set a new daily volume record on January 6, 2022 of 3,200 contracts traded.
Monday and Wednesday Gold, Silver and Copper Weekly options will
be 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
View original
content:https://www.prnewswire.com/news-releases/cme-group-to-launch-monday-and-wednesday-gold-silver-and-copper-weekly-options-on-may-2-301518678.html
SOURCE CME Group