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CME Group Inc.

10/31/2024 | Press release | Distributed by Public on 10/31/2024 11:36

Henry Hub Futures Reach Record Open Interest as International Demand Soars

CHICAGO, Oct. 31, 2024/PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that open interest in its global benchmark Henry Hub futures contract reached a record 1.73 million contracts on October 30, 2024as international participation is at all-time highs.

"As the U.S. exports record levels of LNG to supply Europeand Asia, Henry Hub remains the most important price reference in global gas markets," said Peter Keavey, Global Head of Energy and Environmental Products at CME Group. "Henry Hub is the largest and most liquid global gas benchmark, with a record 25% of total trading originating outside of the U.S. this year."

In addition to record open interest, volume in Henry Hub futures has also grown this year. Year-to-date, average daily volume (ADV) is at 500,000, up 26% from last year. Henry Hub futures ADV in EMEA year-to-date is at 111,000, up 57% from last year, while ADV in APAC is at 12,800, up 15%.

CME Group is also the most liquid and effective marketplace for trading Henry Hub options on screen today. Total Henry Hub options ADV year-to-date is currently at a record of 235,000 contracts, up 62% from last year, with average daily open interest at the highest levels since 2013. On-screen volume in and outside of the U.S. has also reached record levels, with ADV up 88% and 120% respectively.

Henry Hub futures and options are listed by and subject to the rules of NYMEX. For more information, please visit here.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data - empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and ChicagoBoard of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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SOURCE CME Group