International derivatives marketplace CME Group today announced that the number of market participants trading Aluminum futures has doubled since last year, reaching 406 unique accounts in April, while ADV was up 70% year-over-year, and average daily open interest increased 11%.
“We continue to grow liquidity in our Aluminum futures, which in turn has increased our contract’s acceptance within the industrial metals industry,” said Jin Hennig, Managing Director and Global Head of Metals at CME Group. “In addition to doubling our client participation since last year, April marked the first time a physical transaction has referenced our Aluminum futures pricing, which underscores the strong commercial demand we are seeing for our transparent and well-understood markets.”
“We are pleased to have executed the first physical contract referencing…
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