CHICAGO, July 25, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives exchange, today announced that open interest in copper options has exceeded 100,000 contracts on July 21, 2022reaching an all-time high after several consecutive record days of open interest throughout the week.
“Considered as an indicator of the global economy, market users are turning to our copper options to manage risk as expectations of an economic slowdown continue to rise,” said Jin Chang, Global Head of Metals at CME Group. “Our clients clearly appreciate the defined risk/reward structure of our copper options which provide an effective means of managing adverse price movements as evidenced by recent volume and open interest. We look forward to continuing to provide improved solutions in global base metals markets.”
Four of the top five open interest registrations have occurred in the past five trading days, including:
- Monday July 18: 97,496 contracts
- tuesday july 19: 97,593 contracts
- Wednesday July 20: 99,837 contracts
- Thursday July 21: 100,632 contracts
Copper Option contracts are listed and subject to COMEX rules. For more information, please visit here.
About CME Group
As the world’s leading derivatives market, CME Group (www.cmegroup.com) enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to efficiently manage risks and seize opportunities. CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rate, stock indices, exchange, energy, agricultural production and metals. The Company offers futures contracts and options on futures contracts through the CME Globex®, fixed income trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
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SOURCE CME Group