CME Group Achieves Sixth Consecutive Record Quarter for Aluminum Futures Volume

CME Group, the world’s leading derivatives marketplace, has announced that its global Aluminum futures contract has achieved record volume for the sixth consecutive quarter and the month of September. This milestone reflects the growing participation and support for CME Group’s Aluminum markets.

During the third quarter, the average daily volume (ADV) reached a record 4,656 contracts, marking a significant 98% increase compared to the previous year. Moreover, the ADV in September hit a record high of 6,118 contracts, representing a remarkable 132% year-on-year growth. Additionally, the average daily open interest (ADOI) in Q3 surged by 267% compared to the same period last year.

Jin Hennig, Managing Director and Global Head of Metals at CME Group, expressed satisfaction with the strong client interest and support for the global Aluminum contract. He highlighted the back-to-back record volume days in October, as well as multiple trading days where over 10,000 contracts were traded. Hennig emphasized the significant progress made in creating an alternative aluminum market while expanding the entire industrial metals business.

Industry experts also acknowledged the positive impact of CME Group’s Aluminum markets. Jonathan Tulkoff, Founding Partner and Portfolio Manager at Commodity Asset Management, praised the benefits of transacting with CME Group, including capital efficiencies, customer protections, and well-understood market controls. He expressed eagerness to expand participation in their markets.

Brian Hesse, CEO of PerenniAL Aluminum, commended CME Group for creating a more robust and alternative aluminum market, benefiting the entire industry. Based on the growing demand and acceptance, PerenniAL Aluminum plans to offer a CME Group Aluminum price reference in their 2024 contracts, providing more transparent and well-regulated pricing to their clients.

Furthermore, John Love, President & CEO of USCF Investments, highlighted the increasing investor interest in aluminum and other critical energy transition metals. He applauded CME Group for their commitment to growing their industrial metals markets and providing more opportunities for investors worldwide. USCF Investments is closely monitoring the growth of CME Group Aluminum markets and has recently launched the USCF Aluminum Strategy Fund (ALUM), which invests in CME Group Aluminum contracts.

CME Group’s industrial metals business continues to expand alongside the rising demand for aluminum, with investors valuing the reliability and efficiency of CME Group markets. Aluminum (ALI) futures are listed by and subject to the rules of COMEX.

For more information about CME Group’s Aluminum futures, please visit www.cmegroup.com/aluminum.

About CME Group:
CME Group is the world’s leading derivatives marketplace, empowering market participants worldwide to efficiently manage risk and capture opportunities. With a wide range of global benchmark products across major asset classes, including interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals, CME Group exchanges offer comprehensive trading options. The company operates through various platforms, including CME Globex®, BrokerTec, EBS, and CME Clearing.