CME Group Inc (NASDAQ:CME) the world’s leading and most diverse derivatives marketplace, today announced it set a total open interest record of 110.1 million on February 3rd. The new record surpassed the previous open interest record of 108.9 million contracts set on November 13, 2014.
“We are seeing a number of geopolitical and macro-economic events impacting our markets,” said Terry Duffy, CME Group Executive Chairman and President. “Market participants are looking for ways to manage their risk and they see the value in turning to CME Group’s deep and liquid electronic markets during this heightened volatility.”
“Open interest is one of the main indicators of activity and liquidity in our markets,” said Phupinder Gill, CME Group CEO. “We’re pleased to provide innovative products, services and technologies for our customers to manage their risk exposure and trade in a transparent and liquid marketplace.”
Open interest is defined as the number of contracts or commitments outstanding in futures and options that are trading on an official exchange at any one time.
For the official announcement click here.