CME Group’s Energy Volume Hits 8.3M Record as Erste Upgrades Stock
CME Group’s energy complex hit a record 8.3 million contracts on March 6, breaking its previous 7.9 million high. Erste Group upgraded CME to Buy and Argus to Hold; CME launched a Tickblaze partnership for Level 1 and Level 2 futures data.
1. CME Energy Complex Hits Volume Records
On March 6, CME’s energy complex recorded 8.3 million contracts, surpassing its prior 7.9 million mark set days earlier. Crude oil trades reached 5.73 million contracts and energy options hit 1.43 million, while Micro Crude Oil futures traded 748,729 contracts. Refined products peaked at 1.25 million on March 3, pushing the five-day average to 1.09 million.
2. Divergent Analyst Ratings
Erste Group upgraded CME to Buy on March 5, highlighting strength in agriculture and prediction markets. A day earlier, Argus Research downgraded the stock to Hold, citing muted growth in equity index, metals, crypto and micro contracts driven by retail investors.
3. Tickblaze Market Data Partnership
CME entered a data distribution partnership with Tickblaze to integrate its futures market data into the Tickblaze platform. Traders will gain access to Level 1 top-of-book pricing and Level 2 depth-of-market data across CME’s major futures products.