Home Financial Record CME Group announces Record Cop

CME Group announces Record Cop

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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.

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 services and/or registered trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as applicable, and have been licensed licensed for use by Chicago Mercantile Exchange Inc. All other marks are the property of their respective owners.

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SOURCE CME Group