Liquidity Summary |
Currently |
Jan-Jun 17 |
---|---|---|
Avg bid/ask in volatility |
0.50% |
3.00% |
Avg bid/ask in premium (US $/lb) |
0.0035 |
0.0180 |
Avg top of book quantity (lots) |
75-100 |
5-10 |
ADV |
3,092/day |
180/day |
Avg OI |
60,000+ |
4,000 |
Transparent Electronic Price Discovery for the Global Reference Price
Circuit breaker levels will now be set as a percentage of dynamically established reference price instead of a static dollar figure.
Utilizes 60-minute look back periods to establish a dynamic price limit ranges.
Promotes continuous price discovery with less market disruption.
Flexibility Gold Weekly Options average daily volume has grown from 100 contracts in 2015 to over 3,000 contracts in Q1 2019.
Key Benefits
Flexibility to manage short-term volatility and risk.
Precision timing to target specific market movements or events.
More expirations (4 weeklies and 1 monthly); more options to limit exposure.
Shorter expirations to gain market exposure at a lower premium.
American style with automatic exercise.
Year |
ADV |
YoY |
---|---|---|
2015 |
94 |
|
2016 |
237 |
152% |
2017 |
758 |
220% |
2018 |
2,113 |
179% |
2019 YTD |
3,083 |
46% |
Approximately 30% of HRC and nearly 50% of BUS volumes are now being traded electronically, ensuring transparency
HRC hit record average daily volume of 1,033 contracts in January, equivalent to $15m average per day in notional value
Download the Steel futures and blocks grid now for CME Direct from the Steel webpage.