Press release
CME Group Live Cattle Options Reaches New Open Interest Record Surpassing 400,000 Contracts
CHICAGO, Aug. 5, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its Live Cattle options reached all-time
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, Aug. 5, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024, surpassing the previous record of 399,626 on July 31, 2014.\n\n\"With demand high and supply at lows not seen for more than 60 years, market participants are turning to CME Group Live Cattle options to effectively hedge their price risk,\" said John Ricci, Managing Director and Global Head of Agriculture, CME Group. \"Open interest in these products reached the highest level in a decade this week, demonstrating how options serve as an important tool to help producers, processors and institutions to navigate market uncertainty.\"\nCME Group continues to offer the industry the widest range of benchmark cattle products available. Live Cattle options volume has grown 61% year to date.\nCME Group Live Cattle futures are listed by and subject to the rules of CME. For more information, please visit here.\nAs the world's leading 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.\nCME 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 is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (\"S&P DJI\"). \"S&P®\", \"S&P 500®\", \"SPY®\", ...