CHICAGO, June 29,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that trading in Micro WTI
Crude Oil futures surpassed 50 million contracts on June 28, 2023 making it the fifth most actively
traded energy futures contract at CME Group, behind only the
benchmark WTI, Henry Hub, RBOB and NY Harbor contracts.
"WTI's position as the premier global crude oil benchmark has
never been stronger, and we are pleased that all of our WTI
contracts continue to generate significant interest globally," said
Peter Keavey, Global Head of Energy
and Environmental Products at CME Group. "Global investors of all
sizes are increasingly looking for exposure to U.S. oil, with one
third of all Micro WTI trades occurring during non-U.S. trading
hours and nearly half of volume in May coming from outside of the
U.S."
"We continue to see growing demand for Micro WTI Crude Oil
futures and options," said Steve
Sanders, EVP of Marketing and Product Development at
Interactive Brokers. "Our clients appreciate the flexibility of CME
Group's smaller-sized contracts, which provide more access to the
transparency and liquidity of the global WTI benchmark with less
upfront margin."
CME Group first launched Micro WTI futures in 2021, which became
the most successful commodities product launch in the company's
history. CME Group introduced options on Micro WTI futures last
year, which continue to grow alongside futures.
- Average daily volume (ADV) year-to-date for Micro WTI futures
is over 95,000 contracts, while average daily open interest (ADOI)
is approximately 31,000 contracts, up 99% from last year.
- Over 250 firms and approximately 109,000 unique individual
traders have traded Micro WTI futures since launch, with
participation from 165 unique countries and regions.
- ADV for options on Micro WTI futures is over 1,200 contracts,
while current open interest is approximately 7,400 contracts, up
39% from the start of 2023. 30% of options volume is traded during
non-U.S. hours.
- Over 4,800 unique traders from 36 different firms have traded
Micro WTI options since launch.
Micro WTI Crude Oil futures and options are listed by and
subject to the rules of NYMEX. For more information, please visit
http://cmegroup.com/micro-wti.
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. 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