CME Group Announces Record Trading Volume for WTI-Brent Crude Oil Spread Options

NEW YORK, Oct. 24, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced record daily trading volume for its NYMEX WTI-Brent Crude Oil Spread Option contract (BV) yesterday, October 23 of 25,474 contracts, compared to 19,400 on July 1, 2013, the last record for this contract.

This comes at a time when the spread between NYMEX WTI and Brent has widened recently to approximately $11 a barrel. Yesterday was also a record day for the NYMEX WTI-Brent exchange-listed spread on the CME Globex electronic platform, which allows market participants to trade both sides of the spread electronically with no spread risk.

"With robust trading in our spread products, as well as the benchmark NYMEX WTI and Brent outright contracts, our crude oil and refined products complex is in a very strong position right now," said Gary Morsches, Managing Director of Global Energy at CME Group. "More and more, market participants are choosing CME Group as the preferred venue for trading the WTI-Brent spread and for managing risk in global energy markets."

These products 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 world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.


CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

CME-G

SOURCE CME Group



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