CHICAGO, Sept. 7,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that trading in its suite
of WTI weekly options, the company's fastest growing energy
products, reached record average daily volume in August of 12,291
contracts. All of the top five record months for Weekly WTI Crude
Oil options have occurred this year.
"As global crude oil market participants continue to navigate a
number of supply and demand factors, they are turning to our suite
of weekly WTI options in record numbers," said Peter Keavey, Global Head of Energy and
Environmental Products at CME Group. "Year to date, average daily
volume for Friday Weekly WTI options reached a record 9,285
contracts, up 74%, while total combined volume for Monday and
Wednesday expirations has already surpassed 100,000 contracts since
launching just over a month ago."
WTI is the only global crude oil benchmark with highly liquid
short-term options. The company expanded its WTI Crude Oil options
to include Monday and Wednesday expiries on July 31, which have already been widely utilized
by the industry:
- Single day volume record of a combined 14,241 contracts traded
on September 1, 2023.
- Over 930 unique trading users since launch, with participation
from corporate, hedge fund and bank clients.
Friday expiries also continue to grow as market participants
turn to shorter dated options to manage risk:
- Single day volume record of 28,029 contracts traded on
September 1, 2023.
- The number of firms trading Friday expiries is up 17% from
2022, with over 6,100 unique trading users year-to-date.
- 34% of volume originates outside of the U.S.
Weekly WTI Crude Oil options are listed by and subject to the
rules of NYMEX. For more information on CME Group's Weekly WTI
options products, 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 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