CME Group Posts Highest-ever Copper Options Open Interest

CME Group, the world's leading derivatives marketplace, announced that open interest in Copper options surpassed 100,000 contracts on July 21, 2022, reaching an all-time record after multiple back-to-back open interest record days throughout the week.

"Seen as a bellwether for the global economy, market users are turning to our Copper options to manage risk as expectations for an economic slowdown continue to increase,"said Jin Chang, Global Head of Metals at CME Group.

"Our clients clearly value the defined risk/reward structure of our Copper options that provide an effective way to manage adverse price movements, as reflected in recent volume and open interest. We look forward to continuing to provide enhanced solutions across global base metals markets."

Earlier this month, CME Group announced that its quarterly international average daily volume (ADV) reached 6.3 million contracts in Q2 2022, up 21% year on year.