International derivatives marketplace CME Group today announced that participation in its global Aluminum futures contract continues to accelerate, recently achieving record volume for the sixth consecutive quarter and the month of September.

Average daily volume (ADV) in the third quarter was a record 4,656 contracts, up 98% from last year, while ADV in September was a record 6,118 contracts, up 132% from last year. Average daily open interest (ADOI) in Q3 also grew 267% from last year.

“We are seeing strong client interest and support for our global Aluminum contract, which continues to hit new milestones,” said Jin Hennig, Managing Director and Global Head of Metals at CME Group. “In addition to record volume in Q3 and September, we have seen back to back record volume days in October, and multiple trading days where over 10,000 contracts have traded. We are proud of the significant progress we have made to create an alternative aluminum market, while also growing our entire industrial metals business.”

CME Group’s industrial metals business continues to grow alongside aluminum as investors increasingly value the reliability and efficiency of CME Group markets.

• Copper options ADV and ADOI year-to-date through September was the highest on record at 6,309 and 113,092 contracts respectively.
• Copper futures ADV year-to-date through September was up 25%.
• Cobalt futures ADV year-to-date through September was up 174%.
• September was a record month for Lithium Hydroxide futures, with over 3,200 contracts traded and open interest surpassing 7,000 contracts for the first time.

Aluminum (ALI) futures are listed by and subject to the rules of COMEX.