April 05, 2022 - CME Group has announced that it will expand its suite of micro metals products with the launch of Micro Copper on May 2, 2022, pending regulatory review.
A micro-sized Copper contract will provide a variety of market participants – from institutions to sophisticated individual traders – with greater access to the transparency and liquidity of CME Group's Copper markets at a time of heightened economic uncertainty. Micro Copper futures will be one-tenth the size of a standard sized Copper futures contract and will be cash settled.
"We are pleased to expand upon our Micro product offerings and introduce Micro Copper futures to global market participants," said Jin Chang, Global Head of Metals at CME Group. "Our Micro Gold and Micro Silver products have been some of our fastest growing products, and we look forward to expanding the ways that traders can access the around the clock liquidity and price transparency that our metals markets offer."
More than 1.4 billion contracts have traded across 20+ micro-sized products since their introduction in 2009, with average daily volume in the first quarter of 2022 reaching a combined record of 3.7 million contracts.
Micro Copper futures will be listed by and subject to the rules of COMEX. For more information, please visit here.
Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.