Amid Record Demand, CME Group Announces Expansion of WTI Options
CHICAGO, June 27, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to expand WTI Crude Oil options to include Monday and Wednesday expiries.
- CHICAGO, June 27, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to expand WTI Crude Oil options to include Monday and Wednesday expiries.
- "Weekly WTI Crude Oil options are CME Group's fastest growing energy products, and we are pleased to provide market participants with flexibility to manage volatility through our expanded Monday and Wednesday expiries," said Peter Keavey, Global Head of Energy at CME Group.
- Weekly WTI Crude Oil options allow market participants to purchase short-term protection against surprise announcements that can move markets quickly in any direction," continued Keavey.
- Average daily volume (ADV) in Weekly WTI Crude Oil options is approximately 8,900 contracts, up 69% year-over year.