CME Group Announces Record First-Day Trading Volume in Short-Dated New Crop Options
CHICAGO, June 11, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that Short-Dated New Crop Options set a record on Monday, June 4, trading 2,105 Short-Dated New Crop Corn options contracts on its first day. This represents the greatest volume of day-one trading for any of CME Group's agricultural commodities products, and surpasses the previous record of 1,840 contracts set by Soybean Calendar Spread Options (CSO) on June 1, 2009. Short-Dated New Crop Options contracts are listed with and subject to the rules of CBOT.
"We're pleased with the rapid adoption of our short-dated new crop options as a way for customers to manage risk during the growing season," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "Increasingly our producer customers tell us they use options to manage their price risk. This has allowed us to grow our options complex, offering customers the broadest array of deep, liquid and cost-effective agricultural risk management tools."
Short-Dated New Crop Corn and Soybean options began trading June 4, and Short-Dated New Crop Wheat options will begin trading September 4.
Since the start of trading, 7,687 Short-Dated New Crop Corn options and 39 Short-Dated New Crop Soybean options have traded. Combined total open interest after the first week of trading was 6,844 contracts. For more information, visit www.cmegroup.com/sdnc.
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, its CME Direct™ online trading technology offering side-by-side trading of exchange-listed and OTC derivatives 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 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.
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. 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.
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SOURCE CME Group
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