CME Group to Launch Micro Copper Futures on May 2
CHICAGO, April 5, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will expand its suite of micro metals products with the launch of Micro Copper on May 2, 2022, pending regulatory review.
A micro-sized Copper contract will provide a variety of market participants – from institutions to sophisticated individual traders – with greater access to the transparency and liquidity of CME Group's Copper markets at a time of heighted economic uncertainty. Micro Copper futures will be one-tenth the size of a standard sized Copper futures contract and will be cash settled.
"We are pleased to expand upon our Micro product offerings and introduce Micro Copper futures to global market participants," said Jin Chang, Global Head of Metals at CME Group. "Our Micro Gold and Micro Silver products have been some of our fastest growing products, and we look forward to expanding the ways that traders can access the around the clock liquidity and price transparency that our metals markets offer."
More than 1.4 billion contracts have traded across 20+ micro-sized products since their introduction in 2009, with average daily volume in the first quarter of 2022 reaching a combined record of 3.7 million contracts.
Micro Copper futures will be listed by and subject to the rules of COMEX. For more information, please visit here.
About CME Group
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. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.
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SOURCE CME Group
