CHICAGO, April 15,
2024 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that volume in its
metals complex reached a record 1,728,362 contracts on Friday, April 12, 2024, surpassing the previous
record of 1,670,920 contracts traded on February 28, 2020.
"Amid shifting geopolitical conditions directly impacting the
global metals trade and related sectors, market participants are
utilizing our entire suite of metals products to adjust their
portfolios and manage risk," said Jin
Hennig, Managing Director and Global Head of Metals at CME
Group. "In addition to Friday's single-day volume record, strong
participation from every client segment is also driving our April
ADV to a record 1 million contracts, up 92% year over year."
CME Group offers the widest range of benchmark precious metals
products, as well as a suite of base metals products that are
increasingly adopted by the industry and growing significantly.
Additional highlights from Friday, April 12,
2024 include:
- Second highest volume day on record for metals options, with
305,732 contracts traded.
- Third highest volume day on record across the precious metals
complex, with 1,461,859 contracts traded.
- Second highest volume day on record for Micro Gold futures,
with 311,919 contracts traded.
- Third highest volume day on record for Micro Silver futures,
with 58,485 contracts traded.
- Top ten volume day for the base metals complex, with 265,021
contracts traded.
- Single day volume record for Micro Copper futures, with 16,597
contracts traded.
CME Group's metals complex is listed by and subject to the rules
of COMEX. For more information, please visit
www.cmegroup.com/metals.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. 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