CHICAGO, Dec. 19,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that it will expand its
suite of short-term metals options to include Tuesday and Thursday
expiries for Gold, Silver, and Copper, pending regulatory review.
With the addition of these new Weekly contracts, scheduled to begin
trading on January 22, 2024, option
expiries will now be available every day of the business week,
Monday through Friday.
"Increasingly, our clients are turning to our suite of weekly
options to hedge their immediate exposure around the release of key
economic indicators, including CPI, Fed meetings and unemployment
reports," said Jin Hennig, Managing
Director and Global Head of Metals at CME Group. "With an
expiration now available on every day of the trading week, clients
have maximum flexibility to fine tune their portfolios with
precision and manage macroeconomic risk as it unfolds."
In May 2023, CME Group launched
Monday and Wednesday expiries on Weekly Gold, Silver and Copper
Weekly options. Recent volume highlights demonstrate the growth of
those contracts:
- Single day volume record of 49,000 Gold Weekly options traded
on December 4.
- Copper Weekly options average daily volume (ADV) is up 270%
year-to-date.
- Silver Weekly options ADV increased 77% year-to-date.
- 25% of Silver, Copper and Gold Weekly options volume now occurs
during non-U.S. trading hours.
Gold, Silver and Copper Weekly options are listed by and subject
to the rules of COMEX. For more information on Weekly options,
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