CME Group to launch options on Micro WTI Crude Oil amid exploding popularity

Rick Steves

Micro WTI Crude Oil futures are one of the fastest growing energy products today.

CME Group will expand its micro-sized energy offerings with the launch of options on Micro WTI Crude Oil futures on June 6, 2022, pending regulatory review, the derivatives giant announced.

The firm has executed over 4 million options contracts traded across existing micro-sized products to date as it addresses the needs of traders of all sizes looking to manage risk with CME’s options offering. Options on Micro WTI Crude Oil futures will be listed by and subject to the rules of NYMEX.

Fastest growing energy products today

Peter Keavey, Global Head of Energy and Environmental Products at CME Group, said: “Micro WTI Crude Oil futures are one of the fastest growing energy products today, with close to 20 million contracts having traded since launch and nearly 40% of volume coming from outside of the U.S.. We continue to see robust new client interest and are pleased to introduce options to provide even more flexibility for investors to navigate crude oil volatility with precision.”

J.B. Mackenzie, Managing Director at Charles Schwab Futures and Forex, LLC., commented: “The launch of Micro WTI Crude options continues to lower the barrier to entry to one of the most in-demand futures products for self-directed active traders. We’re pleased to be able to offer these new options contracts to our clients at Charles Schwab and TD Ameritrade.”

John Bartleman, President and CEO of TradeStation Group, Inc., said: “We’re excited to offer our options clients the latest products from CME Group with the addition of Micro WTI Crude Oil options. We pride ourselves on offering investors the latest in products and education. As investors face ongoing volatility, Micro WTI Crude Oil options give them an accessible entry point to the energy markets.”

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, added: “We are pleased to support the launch of options on Micro WTI Crude Oil futures. CME Group’s existing Micro WTI Crude Oil futures products remain popular among investors and the addition of options will certainly give our active trader clients additional flexibility and enhanced precision to manage their crude oil exposure.”

CME’s derivatives data added to Deutsche Börse analytics platform

Deutsche Börse has recently announced it will include historical market data from global derivatives marketplace CME Group on its cloud-based online analytics platform A7.

The expanded market data offering on the A7 Analytics platform allows market participants to test their trading strategies and make highly-informed trading decisions by subscribing to market data sets from either, or both, exchanges.

Deutsche Börse reached a licensing agreement with CME Group for its global derivatives market data which will make historical data available daily on a T+1 basis, and, initially, will include data from each of its four designated contract markets – the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Commodity Exchange (COMEX) and New York Mercantile Exchange (NYMEX).

The new data sets from CME Group, which will be available from June of this year, address customer requests for comprehensive market data that they can access via a single interface.

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