CME Group to increase its suite of short-term metals choices

Worldwide derivatives market CME Group right now introduced that it’s going to increase its suite of short-term metals choices to incorporate Tuesday and Thursday expiries for Gold, Silver, and Copper, pending regulatory overview.

With the addition of those new Weekly contracts, scheduled to start buying and selling on January 22, 2024, choice expiries will now be out there day-after-day of the enterprise week, Monday by way of Friday.

“More and more, our purchasers are turning to our suite of weekly choices to hedge their quick publicity across the launch of key financial indicators, together with CPI, Fed conferences and unemployment stories,” stated Jin Hennig, Managing Director and International Head of Metals at CME Group. “With an expiration now out there on day-after-day of the buying and selling week, purchasers have most flexibility to nice tune their portfolios with precision and handle macroeconomic danger because it unfolds.”

In Might 2023, CME Group launched Monday and Wednesday expiries on Weekly Gold, Silver and Copper Weekly choices.

Latest quantity highlights display the expansion of these contracts:

  • Single day quantity report of 49,000 Gold Weekly choices traded on December 4.
  • Copper Weekly choices common each day quantity (ADV) is up 270% year-to-date.
  • Silver Weekly choices ADV elevated 77% year-to-date.
  • 25% of Silver, Copper and Gold Weekly choices quantity now happens throughout non-U.S. buying and selling hours.

Gold, Silver and Copper Weekly choices are listed by and topic to the principles of COMEX.