CME Group's expanding global reach is key factor in growth of market share

The CME Group's growing share of global trade in recent years has been driven by its increasingly global reach since its commercial push in base metals began in 2012, its global head of metals Young-Jin Chang told Metal Bulletin this week.

In the first quarter, CME Group posted record trading volumes with average daily metals trading volumes up by 39% year on year and daily option volumes rising 31% in the same comparison. The Chicago, United States-headquartered global derivatives marketplace - comprising the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT and the New York Metal Exchange (Nymex) along with its Comex subsidiary - has also retained its dominance in precious metals trade, accounting for 96% of trades in precious metals futures.  Emphasizing the exchange's key focus on 24-hour liquidity, CME Group's suite of gold contracts...

Published

Hassan Butt

May 17, 2018

17:33 GMT

London