Micro WTI Crude Oil Futures Volume Crosses 5 Million Contracts Traded

CME Group, the operator of one of the largest US derivatives exchanges, announced on Friday that Micro WTI Crude Oil futures volume surpassed 5 million contracts yesterday. That said, Micro WTI Crude Oil futures set a new record of 151,131 contracts traded after just breaking a record established on November 3.

Peter Keavey, Global Head of Energy at CME Group, commented that the increasing demand returning to pre-pandemic levels helped to bolster the ongoing bullish trend in the futures volume of these contracts: “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.”

Also, he added: “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.”

ADV Surge in Interest Rate Contracts

In October’s metrics disclosed earlier this week, CME Group noted an increase in interest rate contracts’ average daily volume (ADV). The report stated that interest rate contracts surged 94% on a yearly basis, while the overall ADV soared 32% on a yearly basis to 20.4 million contracts during the period.

Also, for the period, equity index ADV was 10.2 million contracts, options ADV accounted for 3.8 million, while energy ADV hit 2.5 million contracts. Moreover, agricultural ADV was 1.2 million contracts last month, while Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term ADV hit 720,000 contracts and metals ADV reached 465,000 contracts. “Micro E-mini futures and options had an ADV of 2.1 million contracts, representing 38.8% of overall Equity Index ADV, while Micro WTI Crude Oil futures accounted for 2.5% of overall Energy ADV, and Micro Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures accounted for 0.5% of overall Equity Index ADV,” the group said in the report.