CHICAGO, July 14, 2021 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that volume in its new Micro WTI Crude Oil futures has
surpassed 50,000 contracts since launch, making it the most
successful commodities product launch in the company's
history. To date, the contract has seen around the clock
participation from market participants across more than 50
different countries and 27 retail channels.
"We are extremely pleased to see such strong early customer
support for our new Micro WTI Crude Oil futures," said Peter Keavey, Global Head of Energy at CME
Group. "The robust demand we are seeing for this new, smaller-sized
contract underscores the significance of our benchmark WTI product
and its role as the global price discovery leader. We look forward
to continuing to help traders of all sizes effectively manage their
oil market exposure."
Micro WTI futures are one-tenth the size of the benchmark WTI
Crude Oil futures contract and offer traders the same robust
transparency and price discovery of WTI futures. Micro WTI futures
are cash-settled based on the daily settlement price of NYMEX WTI
futures and are listed on and subject to the rules of NYMEX. For
more information or for product specifications please see:
https://cmegroup.com/micro-wti.
As the world's leading and most diverse 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. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
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, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group