Derivatives marketplace CME Group saw more than one billion Megawatt hours (MWh) open interest for its power contracts, Mondo Visione reports. The group’s power contracts set a new open interest record on Friday with 1,001,362,363 futures positions.
CME’s options contracts stretching over several months, and calendar spread options are reported to have accelerated investor interest. The group’s power contracts are listed with the New York Mercantile Exchange and are subject to the exchange’s regulatory rules.
Click here for the story from Mondo Visione.
CME Group New York Mercantile Exchange Mondo Visione