Derivatives marketplace CME Group set a total open interest record of 120.7 million contracts on 13 December 2016, surpassing the previous record of 119.4 million contracts set on 12 December 2016.
"We are seeing a lot of uncertainty in the markets right now," says Terry Duffy (pictured), CME Group chairman and chief executive officer. "In the wake of this uncertainty and continued market volatility, more and more people are turning to CME Group's deep and liquid markets to manage their risk."
Interest rate open interest also hit a record of nearly 72.0 million contracts yesterday, driven primarily by Eurodollar options, which reached a record of nearly 44.0 million contracts.
