Why Trade COMEX Copper Futures?
Copper Futures (HG) Recent Developments
- Copper futures open interest hit record highs 14 times so far this year, including an all-time high of 301k lots in February
- Open interest overall is up more than 26% YoY by the end of 2017
- Copper futures volume has increased more than 26% from 2016 to 2017
- The marketplace for Copper futures is divided among a diverse group of market participants.
Leverage Copper Liquidity Around the Clock No Matter How You Trade
- Volumes continue to increase across time zones – Copper is a truly global market.
- 99% of Copper volume is traded online – trading access has never been easier
- Copper accounts for 76% of the outright electronic global market share
What’s Behind the Copper Rally?
- Managed Money rushed to invest in copper reacting to $1 trillion fiscal stimulus package proposal by the new U.S. presidential administration in December 2016
- On-going disruptions of copper supply side caused by strike actions across largest copper mines in Chile and Peru
Benefit from Copper Margin Offsets with Significant Savings
- The initial margin charge on a Copper contract could be partially offset if you have the opposite position in another commodity contract cleared through the same FCM at CME Group.
- Copper could be offset with other liquid commodity contracts at CME Group, including not only other base and precious metals but also ferrous metals, energy and FX products.
| Base Metals and Ferrous | Margin Offsets |
| ALI – Aluminum futures | 45% |
| ZNC – Zinc futures | 45% |
| TIO – Iron Ore futures | 45% |
| ALA, ALB – Alumina FOB Australia futures | 30% |
| AUP, EDP – Aluminum Premium futures | 20% |
| Precious and PGMs | Margin Offsets |
| SI – COMEX 5000 Silver futures | 40% |
| Crude Oil | Margin Offsets |
| MFF - Coal API4 futures | 30% |
| Equities | |
| XAI - Industrial Select Sector Futures | 45% |
| XAB - Materials Select Sector Futures | 45% |
| FX | Margin Offsets |
| AD - Australian Dollar futures | 40% |
* Margins are subject to change. Above data as of January 24, 2018.
COMEX Copper Options – Best Instrument To Hedge Against Macro Uncertainty
- Instantly monitor prices, implied volatility and greeks in real-time on CME Direct Globex screen
- Explore the world of advanced Copper analytics with value- added QuikStrike tools
- RFQ functionality on CME Globex allows traders to electronically execute multi-leg and hedged options strategies for Copper.
Access the Global Copper market at CME Group
Independent Software Vendor (ISV) Codes
| Product Name | CME Globex/ Clearport | Floor | Bloomberg | Reuters | TT | CQG | Fidessa | SunGard |
| Copper futures | HG | – | HG1 Comdty | 0#1HG: | HG | CPE | HG | HG |
| Copper options | HX | HX | OMON <GO> | 0#HG+ | HX | CPE | HX | HX |
Learn more about Copper contracts.
For more information, contact the metals team