CHICAGO, March 14, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse energy marketplace, today announced it had reached three consecutive records in open interest for its global benchmark Light Sweet Crude Oil (WTI) futures contracts during the week of Monday, March 7.
Open Interest Volume
Friday, March 11
Thursday, March 10
Wednesday, March 9
Prior to last week, the previous record for WTI futures open interest was 1,579,109 set on July 16, 2007.
CME Group NYMEX WTI is the largest, deepest and most liquid global energy market benchmark, trading more than 1.1 million futures and options contracts daily – on average more than double the size of its nearest competitor.
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 world's leading central counterparty clearing provider in the world, which offers 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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SOURCE CME Group