CME Group Announces Record Precious Metals Volumes on August 11

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Aug 12, 2020, 12:58 ET

CHICAGO, Aug. 12, 2020 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that Precious Metals markets reached a record average daily volume (ADV) of 1.55 million contracts on August 11, surpassing the previous record of 1.51 million set February 28, 2020. A record 397,000 Silver futures contracts were traded on August 11, 2020, surpassing the prior record of 329,000 set on August 7, 2020.

"CME Group is the destination for global precious metals risk management as clients across the entire value chain use our markets to manage uncertainty in today's global economy," said Young-Jin Chang, Managing Director and Global Head of Metal Products, CME Group. "We have seen record volumes through the month of August and continue to focus on providing our global client base with the tools they need to mitigate risk going forward."

August 11 was also the second-highest metals volume day at CME Group on record, with over 1,661,000 contracts traded. CME Group Micro Gold contracts also reached a record ADV, with 303,000 contracts traded on August 11, 2020, surpassing the previous record of 264,000 contracts on July 28, 2020. CME Group E-Mini Silver Futures reached a record ADV of 3,700 contracts traded, surpassing previous records set in 2011.

For more information on CME Group's metals markets, please see: www.cmegroup.com/metals.

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.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

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SOURCE CME Group