"We're excited to have traded these new aluminum A380 alloy contracts," said Andre Marshall, Founder, Crunch Risk, LLC. "We've seen a great deal of commercial interest in these new aluminum alloy contracts and are optimistic that this latest innovation from CME Group can replicate the growth and success of the Midwest and European contracts as participants become more familiar with using them to manage price risk in their business."
Aluminum A380 Alloy (S&P Global Platts) futures are 44,092 pounds (equivalent to 20 metric tons) in size and financially settled against the S&P Global Platts assessment of the MW US A380 Alloy.
For more information on CME Group's metals products, please visit www.cmegroup.com/metals.
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SOURCE CME Group