CME Group announced that open interest in its global benchmark Henry Hub futures contract reached a record 1.73 million contracts on October 30, 2024. This milestone reflects a significant increase in market participation. The record open interest indicates robust engagement from traders and investors.
The surge in open interest is attributed to all-time high international participation. This highlights the growing global demand for risk management tools in the natural gas market. Henry Hub futures serve as a critical benchmark for natural gas pricing worldwide.
This record demonstrates the increasing importance of CME Group's platforms for managing energy price risk. The sustained high level of open interest contributes to market liquidity and depth. It also supports CME Group's revenue from clearing and transaction fees.
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