The Chicago Mercantile Exchange (CME) announced on April 26 that it will launch a new option contract on its physically-delivered aluminum futures on May 23.
The new aluminum option contract will be listed on COMEX. It is now awaiting regulatory approval.
Young-Jin Chang, Global Head of Metals at CME Group, said that more and more clients turn to the aluminum markets. The traded aluminum futures contracts reached a record high of 4,888 on April 19, and the current volume in April averages roughly 1,300 contracts, a year-on-year growth of more than 100%.
CME Group to launch new aluminum option contract on May 23
29 Apr 2022 14:52 reported by Joy Liu
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