UNITED STATES: CME Group and Marex to Expand Client Access to Aluminum Futures

Wednesday October 26 2022

On 25^th October 2022, the Chicago Mercantile Exchange (CME) Group announced that Marex will expand its clients’ access to CME Group’s base metals markets, starting first with CME Group’s global Aluminum futures contract. 

CME Group Aluminum markets have already seen an influx of new participation this year, reaching a single day volume record on October 5th of 7,929 contracts and an average daily volume of approximately 3,000 contracts in October month-to-date. Open interest reached a record of 1,411 contracts on October 19^th, 2022. Q3 also saw record volume of over 2,300 contracts per day, surpassing the previous quarterly record by approximately 1,000 contracts. July and September were the top two trading months ever recorded at 2,659 and 2,642 contracts per day respectively. 

Aluminum (Product Code: ALI) futures are listed by and subject to the rules of The Commodity Exchange Inc (COMEX). 

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