CME reports Micro WTI Crude Oil futures exceeding 50M contracts traded
International derivatives marketplace CME Group today announced that trading in Micro WTI Crude Oil futures surpassed 50 million contracts on June 28, 2023 making it the fifth most actively traded energy futures contract at CME Group, behind only the benchmark WTI, Henry Hub, RBOB and NY Harbor contracts.
“WTI’s position as the premier global crude oil benchmark has never been stronger, and we are pleased that all of our WTI contracts continue to generate significant interest globally,” said Peter Keavey, Global Head of Energy and Environmental Products at CME Group.
CME Group first launched Micro WTI futures in 2021, which became the most successful commodities product launch in the company’s history. CME Group introduced options on Micro WTI futures last year, which continue to grow alongside futures.
Average daily volume (ADV) year-to-date for Micro WTI futures is over 95,000 contracts, while average daily open interest (ADOI) is approximately 31,000 contracts, up 99% from last year.
Over 250 firms and approximately 109,000 unique individual traders have traded Micro WTI futures since launch, with participation from 165 unique countries and regions.
ADV for options on Micro WTI futures is over 1,200 contracts, while current open interest is approximately 7,400 contracts, up 39% from the start of 2023. 30% of options volume is traded during non-U.S. hours.
Over 4,800 unique traders from 36 different firms have traded Micro WTI options since launch.
Micro WTI Crude Oil futures and options are listed by and subject to the rules of NYMEX.