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CME Group to Launch Monday and Wednesday Gold, Silver and Copper Weekly Options on May 2
CHICAGO, April 6, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch Monday and Wednesday Gold,
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, April 6, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch Monday and Wednesday Gold, Silver and Copper Weekly options on May 2, pending regulatory review. These new options contracts will complement the company's existing Friday Weekly, End-of-Month and Quarterly options on Gold, Silver and Copper futures.\n\"Fed policy and economic uncertainty are key focuses for our clients across the globe, which also have implications for metals markets,\" said Jin Chang, Managing Director and Global Head of Metals at CME Group. \"We continue to see strong demand for our short-term options, which provide clients with more flexibility to manage short-term price risk. The introduction of Monday and Wednesday Weekly options on Gold, Silver and Copper futures will provide enhanced hedging capabilities around market moving events, including weekend headlines and FOMC meetings.\" \nGold Weekly options set a record in 2021, with an average daily volume of 8,000 contracts. Silver Weekly options also had a record volume year in 2021 with an average daily volume of over 600 contracts and set a new daily volume record on January 6, 2022 of 3,200 contracts traded.\nMonday and Wednesday Gold, Silver and Copper Weekly options will be listed by and subject to the rules of COMEX. For more information, please visit here. \nAbout CME GroupAs 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 ...