CHICAGO, May 12, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that a record 25,010 Copper options contracts were traded on May 10, 2021, surpassing the previous record of 16,029 contracts set on November 7, 2019.
"As economies reopen and boost their investments in infrastructure and sustainable energy initiatives, we are increasingly seeing our customers utilize the transparency and liquidity of our Copper options markets to manage their price risk," said Young-Jin Chang, Managing Director and Global Head of Metals at CME Group. "CME Group is home to the world's leading commodities marketplace, and we remain focused on providing our customers with the benchmark metals products they need to manage today's fast-evolving metals markets."
Copper options are listed by and subject to the rules of COMEX. For more information on CME Group's Copper options, please visit here.
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.
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SOURCE CME Group