Introduced in 2014, Weekly Metals options have been providing market participants with a more precise hedge around economic and macro events.

Gold Weekly options are now trading over 21K contracts per day, up 54% YoY, followed by silver now trading over 3K contracts per day and copper over 800 contracts per day on average.

With so many global events taking place in Q4, including the much anticipated interest rate cuts and the U.S. elections, Metals options provide the optimal solution to manage your price risk to an exact day.

Platinum’s primary historic use was as a vital component in catalytic converters. But as the energy transition takes hold and clean energies take over fossil fuels, platinum is also key in new technologies like hydrogen cell technology.

Platinum (PLF) options volumes in 2024 are up 38% compared to last year trading, with an  average of 1K contracts per day. September was  a record month, with over 2.2K contracts trading per day along with record open interest standing at 42K contracts.

The EV boom continues to drive the demand for lithium with it being a key component in EV batteries and energy storage solutions for renewable energy growth. 

But as Lithium is only mined in a few countries and can open to disruption, Lithium futures allow market participants to hedge against price volatility.

Lithium futures bring more market transparency, standardization and liquidity making it easier for participants to manage risk. As a result, September was a record month for Lithium Hydroxide (LTH) futures, trading on average 550 contracts per day (500 metric tons).

Steel prices continue to fluctuate due to raw material and energy costs. But the demand for steel is only going to increase due to the rising demand of steel in infrastructure projects and green energy projects. 

North European Steel (EHR) futures have seen strong growth in 2024, with September currently standing as a record month with over 548 contracts trading per day and open interest ballooning out to 9.8K contracts.

Traders like Micro Gold contracts because of their smaller size, which makes them more accessible. They were introduced to appeal to a wider audience with lower barriers to entry and less margin requirements.

Micro Gold contracts also provide a flexible way to diversify portfolios with gold, a safe-haven asset. They are especially appealing to new market participants seeking exposure to the gold market without the higher financial commitment of the standard Gold futures contract. 

Micro Gold (MGC) futures are currently trading 53% more YTD at 101K contracts per day on average predominately from price volatility in the market.

Spodumene (SPM) futures launch on October 28.* As the world embraces electrical vehicles (EVs) and renewable energy, lithium has emerged as an indispensable mineral, with global demand expected to surge. In response, we're introducing a powerful tool for traders, investors and industry participants to navigate the fast-growing market and protect against price volatility

Spodumene futures will serve as a critical price risk management tool, enabling market participants to hedge against fluctuating prices or diversify their portfolios with one of the most vital raw materials in the energy transition.

*Pending regulatory review