Futures Radio Show
Micro Crude Oil Futures & Options
Jul 31, 2022
Global Head of Energy, Peter Keavey, discusses the one-year mark of Micro WTI Futures launch, global interest in crude oil futures, benefits for retail traders, and current trends impacting oil markets. Insights shared on enhancing trading strategies with new micro contracts and options, allowing for better risk management and market participation.
26:54
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Quick takeaways
- Micro WTI Futures saw massive success with 24 million contracts traded in a year, attracting 65,000 unique users globally.
- Global interest in Micro WTI Futures and Options is evident with 40% of contracts traded outside US hours, engaging participants from 145 countries.
Deep dives
Success of Micro WTI Futures Launch
The micro WTI futures have been incredibly successful since their launch, with 24 million contracts traded within a year, making it the most successful commodities product launch by the company. This success is attributed to broad acceptance among customers, with 180 firms and 65,000 unique users participating, including 33,000 traders new to crude oil trading. The average daily volume of 127,000 contracts and open interest of 25,000 contracts have exceeded expectations, providing traders with access to the crude oil market.
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