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.
These products are listed by and subject to the rules of NYMEX.As the world's leading and most diverse derivatives marketplace, CME Group ( www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex ® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk. CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com. CME-G
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