CME Group, the world’s leading and most diverse derivatives marketplace, today announced record volume for its global benchmark Light Sweet Crude Oil (WTI) futures and options contracts. On Friday, January 28, WTI futures reached a record of 1,472,088 contracts, surpassing the previous record of 1,423,536 contracts set on April 13, 2010. WTI daily options volume also reached a record of 290,365 contracts, surpassing the prior record of 282,860 contracts set on September 16, 2008.
“WTI continues to be the most liquid and most transparent crude oil benchmark in the global marketplace today,” said Joe Raia, Managing Director, Energy & Metals Products, CME Group. “These records are indicative of WTI’s ability to properly respond to changing world events and supply and demand factors, while providing critical transparency to the world’s energy market.”
So far in January, average daily volume (ADV) for WTI futures is up 56 percent year-over-year to 891,646 contracts, while WTI options ADV increased 16 percent to 158,359. Combined WTI futures and options ADV grew 48 percent year-over-year to more than 1,050,005 contracts during the same timeframe.
CME Group Light Sweet Crude Oil (WTI) futures and options contracts are listed by and subject to the rules of NYMEX.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
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