CME Group, a derivatives marketplace, announced Jan. 18 a record in daily trading volume for its NYMEX Brent (BZ) crude oil futures contract. These contracts are listed by and subject to the rules of NYMEX.
Brent Crude Oil Last Day Financial Futures trading volumes jumped Jan. 17 to 30,250 contracts, a 38% increase over the previous record of 21,997 set on August 8, 2012. CME Group has seen strong interest in its Brent contract so far this year, with average daily volume of 9,217 so far in January, an increase of 100% over ADV of 4,589 in 2012. CME Brent is available on CME Globex, the Trading Floor, for clearing over CME ClearPort, and over CME Direct, a free, Web-based trading platform for listed and over-the-counter markets.
CME Group exchanges offer a range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, a central counterparty clearing provider that offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions to help mitigate counterparty credit risk.