CHICAGO, May 1, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that the number of market participants
trading Aluminum futures has doubled since last year, reaching 406
unique accounts in April, while ADV was up 70% year-over-year, and
average daily open interest increased 11%.
"We continue to grow liquidity in our Aluminum futures, which in
turn has increased our contract's acceptance within the industrial
metals industry," said Jin Hennig,
Managing Director and Global Head of Metals at CME Group. "In
addition to doubling our client participation since last year,
April marked the first time a physical transaction has referenced
our Aluminum futures pricing, which underscores the strong
commercial demand we are seeing for our transparent and
well-understood markets."
"We are pleased to have executed the first physical contract
referencing CME Group Aluminum futures prices after witnessing its
growing relevancy over the last few years," said Brian Hesse, CEO of PerenniAL Aluminum. "CME
Group has worked diligently to expand participation in their
markets and create viable alternative solutions that benefit our
clients. We look forward to seeing how these markets continue to
grow and evolve to help our industry mitigate price risk
effectively."
CME Group's base metals complex has been growing consistently
year-over-year. Copper futures and options also achieved April
records, with futures reaching record ADV of 194,937 and options
reaching record ADV of 19,513. Copper futures and options reached a
combined open interest record of 588,115 contracts on April 24, 2024.
Aluminum (ALI) futures are listed by and subject to the rules of
COMEX. For more information 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,
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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").
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Futures contracts based on the S&P 500 Index are not sponsored,
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www.cmegroup.mediaroom.com
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SOURCE CME Group