Why Trade COMEX Copper Futures?

  • 17 Apr 2017
  • By CME Group

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

About CME Group

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