Micro WTI Crude Oil futures surpass one million contracts traded

CME Group, the world's leading and most diverse derivatives marketplace, has announced that Micro WTI Crude Oil futures volume surpassed one million contracts on Friday, 6 August, 2021. 

“Since launching just a month ago, we continue to see strong interest across the globe for our smaller-sized Micro WTI Crude Oil contract,” says Peter Keavey, Global Head of Energy. “Our benchmark WTI futures have always been the market’s choice for managing crude oil exposure, and the uptick we are seeing in new customers utilising the Micro WTI Crude oil futures demonstrates the value in the robust transparency and price discovery that our markets offer for traders of all sizes.”
 
“TradeStation is proud to have offered customers Micro WTI Crude Oil futures since day one of the launch,” says John Bartleman, President of TradeStation Group, Inc. “We send our congratulations to CME Group for surpassing this latest milestone and helping us meet strong demand from our clients. Our collaboration continuously allows us to offer our customers the latest futures products and technology.”
 
"Smaller sized futures contracts with smaller financial requirements have enabled more retail participation in futures markets,” says Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. “The strong demand for Micro WTI Crude Oil futures is evidence of this, and we are pleased that more of our sophisticated individual investors and active trader clients can trade in the global oil markets."
 
“The rapid growth of Micro WTI Crude Oil futures further reinforces the building demand from self-directed traders for smaller, more flexible contracts,” says Martin Franchi, CEO of NinjaTrader Group, LLC. “This increased accessibility to such a dynamic market has clearly resonated with both our NinjaTrader user community and new retail traders discovering the benefits available through futures.”