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The CME Group Declared its Micro WTI Crude Oil Futures Surpass

The CME Group, the world’s most diverse and extensive derivatives marketplace, said today that trading in its new Micro WTI Crude Oil futures had exceeded 50,000 contracts since its launch. This makes it the company’s most successful commodities product launch ever. To present, market participants from more than 50 nations and 27 retail channels have participated in the contract around the clock.

Peter Keavey, the Global Head of Energy at CME Group, said, “We are extremely pleased to see such strong early customer support for our new Micro WTI Crude Oil futures. The robust demand we are seeing for this new, smaller-sized contract underscores the significance of our benchmark WTI product and its role as the global price discovery leader. We look forward to continuing to help traders of all sizes effectively manage their oil market exposure.”

The CME Group Declared its Micro WTI Crude Oil Futures SurpassMicro WTI futures are a tenth of the benchmark WTI Crude Oil futures contract size and provide traders with the same level of price discovery and transparency as WTI futures. Micro WTI futures are cash-settled and based on the daily settlement price of NYMEX WTI futures. They are listed on NYMEX and are subject to its rules.

CME Group (www.cmegroup.com) is the world’s largest and most diverse derivatives marketplace, enabling clients to trade futures, options, cash, OTC markets, optimize portfolios, analyze data, enabling market players worldwide to manage risk and capture opportunities effectively. In addition, CME Group exchanges provide the broadest range of global benchmark products based on interest rates, equities indexes, foreign exchange, energy, agricultural products, and metals across all major asset classes.

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