CME Group Announces Record Trading Volume for Coal Futures


LONDON, Nov. 18, 2013 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced a monthly volume record for its coal futures of 171,988 contracts in October compared to 160,496 in September 2013, the last record month for this contract. Within this, Coal (API2) CIF ARA (ARGUS-McCloskey) Futures reached a record of 125,247 contracts traded in October compared to 113,899 in September 2013. The second largest contract within the coal contract complex is the Coal (API4) FOB Richards Bay (ARGUS-McCloskey) Futures which traded 45,891 contracts in October compared to 45,660 in September 2013. Open Interest continued to climb with a 2% increase overall from September.

All the Asian CME Group coal markets saw month-on-month increases in volume, with 1,840 contracts traded across the Coal (API 5) fob Newcastle Australian (Argus/McCloskey), Indonesian Coal (McCloskey sub-bituminous) and Coal (API 8) cfr South China (Argus/McCloskey) Futures. Coal (API 5) fob Newcastle (Argus/McCloskey) also had its highest volume month with 75 contracts traded.

“Our coal complex is in a strong position right now as an increasing number of international market participants choose CME Group as the preferred venue for managing risk in the global coal market,” said Martin Fraenkel, Managing Director of Energy at CME Group.

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