CHICAGO, Nov. 5, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that Micro WTI Crude Oil futures volume surpassed 5 million contracts on Thursday, November 4, 2021. On the same day, Micro WTI Crude Oil futures reached a record 151,131 contracts traded, breaking its previous single day volume total of 100,725 contracts set on Wednesday, November 3, 2021.
"With demand returning to pre-pandemic levels and uncertainty around supply, Micro WTI Crude Oil futures are helping a broader range of clients access these markets in a more efficient way," said Peter Keavey, Global Head of Energy at CME Group. "We are pleased with the strong client interest we are seeing for these smaller-sized contracts across the globe, which is reflective of the vital role WTI serves in the market today. We look forward to continuing to provide the transparency and price discovery traders need to effectively manage their exposure to crude oil."
Micro WTI futures are one-tenth the size of the benchmark WTI Crude Oil futures and are listed on and subject to the rules of NYMEX. For product information or to learn more about trading futures, please visit: https://cmegroup.com/micro-wti.
As the world's leading and most diverse 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. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.
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SOURCE CME Group