CME Group Averaged 20.2 Million Contracts Per Day in Third-Quarter 2019, Up 30% from Third-Quarter 2018

Oct 2, 2019

CME Group Averaged 20.2 Million Contracts Per Day in Third-Quarter 2019, Up 30% from Third-Quarter 2018

- September average daily volume rose 13% to 19.7 million contracts per day
 
- Record quarterly Metals average daily volume of 821,000 contracts, up 32%
 
 

CHICAGO, Oct. 2, 2019 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 20.2 million contracts during third-quarter 2019, up 30% from third-quarter 2018. September 2019 volume averaged 19.7 million contracts per day, up 13% from September 2018. Open interest (OI) at the end of September was 127 million contracts, up 10% from year-end 2018 and up 6% from September 2018.

Metals volume averaged 818,000 contracts per day in September 2019, up 37% from September 2018, and reached its second-highest monthly ADV on record. Highlights include:

 
     
  • Record Gold futures OI of 659,000 contracts on September 24 
  •  
  • Record quarterly Gold futures ADV, up 51% to 469,000 contracts
  •  
  • Record Platinum futures OI of 99,300 contracts on September 13 
  •  
  • Record Platinum futures ADV, up 21% to 37,000 contracts
  •  
  • Record Silver options ADV, up 109% to 17,000 contracts
  •  
  • Gold futures and options ADV increased 61% to 549,000 contracts
  •  
  • Silver futures and options ADV rose 57% to 149,000 contracts
  •  
  • Copper options ADV rose 45% to 3,000 contracts
  •  
 

Equity Index volume averaged 4 million contracts per day in September 2019, up 18% from September 2018. Highlights include:

 
     
  • E-mini S&P 500 futures and options ADV grew 3% to 2.4 million contracts
  •  
  • E-mini Russell 2000 futures and options ADV grew 14% to 214,000 contracts
  •  
  • E-mini Dow futures and options ADV increased 4% to 194,000 contracts
  •  
 

Options volume averaged 4.1 million contracts per day in September 2019, up 16% from September 2018. Highlights include:

 
     
  • Interest Rate options ADV grew 23% to 2.7 million contracts
  •  
  • Equity Index options ADV rose 9% to 678,000 contracts
  •  
  • Metals options ADV grew 96% to 102,000 contracts
  •  
 

Interest Rate volume averaged 9.9 million contracts per day in September 2019, up 16% from September 2018.  Highlights include:

 
     
  • Record quarterly 2-Year U.S. Treasury Note futures increased 81% to 762,000 contracts
  •  
  • Record quarterly Ultra 10-Year U.S. Treasury Note futures, up 65% to 267,000 contracts
  •  
  • Record 153,000 SOFR futures contracts traded on September 17 
  •  
  • Record SOFR futures ADV of 58,000 contracts
  •  
  • U.S. Treasury futures and options ADV increased 26% to 5.2 million contracts
  •  
  • Eurodollar options ADV grew 14% to 1.5 million contracts
  •  
  • Fed Fund futures ADV rose 129% to 494,000 contracts
  •  
  • Weekly Treasury options ADV increased 10% to 218,000 contracts
  •  
 

Energy volume averaged 2.8 million contracts per day in September 2019, up 10% from September 2018. Highlights include:

 
     
  • Record 6.4 million Energy futures and options contracts traded on September 16, including a record 3.68 million WTI Crude Oil futures contracts and a record 464,000 NY Harbor ULSD futures contracts
  •  
  • WTI Crude Oil futures and options ADV increased 19% to 1.6 million contracts
  •  
  • Brent Crude Oil futures and options ADV rose 30% to 132,000 contracts
  •  
  • Natural Gas options ADV grew 3% to 120,000 contracts
  •  
 

Foreign Exchange volume averaged 1.1 million contracts per day in September 2019, down 6% from September 2018. Highlights include:

 
     
  • Record FX Link daily volume of 41,013 contracts, representing $4.27 billion in notional value, on September 18 
  •  
  • Japanese yen futures and options ADV rose 9% to 159,000 contracts
  •  
  • Canadian dollar futures and options ADV increased 3% to 101,000 contracts
  •  
 

Agricultural volume averaged 1.2 million contracts per day in September 2019, down 8% from September 2018. Highlights include:

 
     
  • Livestock futures and options ADV rose 7% to 191,000 contracts
  •  
  • Soybean futures ADV grew 4% to 172,000 contracts
  •  
  • Live Cattle futures and options ADV rose 3% to 88,000 contracts
  •  
  • Hard Red Winter Wheat futures ADV increased 1% to 40,000 contracts
  •  
 

BrokerTec fixed income and EBS foreign exchange trading activity highlights include: 

 
     
  • U.S. Treasury average daily notional volume grew 17% to $172 billion 
  •  
  • U.S. Repo average daily notional volume increased 28% to $288 billion 
  •  
  • European Repo average daily notional volume increased 4% to €281 billion
  •  
  • Spot FX average daily notional volume decreased 10% to $78 billion
  •  
 

Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html

 
                                                                                                                   
 

MONTHLY AVERAGE DAILY VOLUME (ADV)

 




 

Total Exchange ADV

(in thousands)

 


 

Sep 2019

 
 

Sep 2018

 

 

Trading Days

 
 

20

 
 

19

 





 

PRODUCT LINE

 
 

Sep 2019

 
 

Sep 2018

 
 

Percent Change

 
 

Interest Rates

 
 

9,945

 
 

8,597

 
 

16%

 
 

Equity Indexes

 
 

3,985

 
 

3,375

 
 

18%

 
 

Foreign Exchange (FX)

 
 

1,060

 
 

1,132

 
 

-6%

 
 

Energy

 
 

2,777

 
 

2,514

 
 

10%

 
 

Agricultural Commodities

 
 

1,160

 
 

1,255

 
 

-8%

 
 

Metals

 
 

818

 
 

598

 
 

37%

 
 

   Total

 
 

19,746

 
 

17,472

 
 

13%

 






 

VENUE

 
 

 Sep 2019

 
 

Sep 2018

 
 

Percent Change

 
 

Open outcry

 
 

1,171

 
 

1,048

 
 

12%

 
 

CME Globex

 
 

17,770

 
 

15,730

 
 

13%

 
 

Privately negotiated

 
 

806

 
 

695

 
 

16%

 
 
 

 

 
                                                                                                                                   
 

QUARTERLY AVERAGE DAILY VOLUME (ADV)

 






 

Total Exchange ADV

(in thousands)

 




 

3Q 2019

 
 

3Q 2018

 


 

Trading Days

 
 

64

 
 

63

 







 

PRODUCT LINE

 
 

3Q 2019

 
 

3Q 2018

 
 

Percent Change

 

 

Interest Rates

 
 

10,868

 
 

7,798

 
 

39%

 

 

Equity Indexes

 
 

3,931

 
 

2,671

 
 

47%

 

 

Foreign Exchange (FX)

 
 

850

 
 

944

 
 

-10%

 

 

Energy

 
 

2,456

 
 

2,199

 
 

12%

 

 

Agricultural Commodities

 
 

1,320

 
 

1,348

 
 

-2%

 

 

Metals

 
 

821

 
 

623

 
 

32%

 

 

   Total

 
 

20,247

 
 

15,584

 
 

30%

 








 

VENUE

 
 

 3Q 2019

 
 

3Q 2018

 
 

Percent Change

 
 

Open outcry

 
 

1,177

 
 

938

 
 

26%

 
 

CME Globex

 
 

18,282

 
 

14,082

 
 

30%

 
 

Privately negotiated

 
 

788

 
 

564

 
 

40%

 
 
 

 

 
                                                                                                                                                                              
 

ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands) 

 



 

3-Month Period Ending

 
 

PRODUCT LINE

 
 

Sep-19

 
 

Aug-19

 
 

Jul-19

 
 

Jun-19

 
 

Interest Rates

 
 

10,868

 
 

11,776

 
 

11,804

 
 

11,593

 
 

Equity Indexes

 
 

3,931

 
 

3,896

 
 

3,645

 
 

3,480

 
 

Foreign Exchange (FX)

 
 

850

 
 

852

 
 

852

 
 

874

 
 

Energy

 
 

2,456

 
 

2,363

 
 

2,394

 
 

2,498

 
 

Agricultural Commodities

 
 

1,320

 
 

1,589

 
 

1,732

 
 

1,839

 
 

Metals

 
 

821

 
 

816

 
 

711

 
 

633

 
 

   Total

 
 

20,247

 
 

21,292

 
 

21,138

 
 

20,918

 





 

VENUE

 
 

Sep-19

 
 

Aug-19

 
 

Jul-19

 
 

Jun-19

 
 

Open outcry

 
 

1,177

 
 

1,391

 
 

1,488

 
 

1,501

 
 

Electronic

 
 

18,282

 
 

18,963

 
 

18,735

 
 

18,505

 
 

Privately negotiated

 
 

788

 
 

938

 
 

914

 
 

912

 

 

Average Rate Per Contract (In dollars)

 



 

3-Month Period Ending

 
 

PRODUCT LINE

 
 

Aug-19

 
 

Jul-19

 
 

Jun-19

 
 

May-19

 
 

Interest Rates

 
 

0.488

 
 

0.481

 
 

0.476

 
 

0.473

 
 

Equity Indexes

 
 

0.627

 
 

0.650

 
 

0.676

 
 

0.703

 
 

Foreign Exchange (FX)

 
 

0.724

 
 

0.721

 
 

0.713

 
 

0.733

 
 

Energy

 
 

1.145

 
 

1.152

 
 

1.139

 
 

1.136

 
 

Agricultural Commodities

 
 

1.232

 
 

1.202

 
 

1.222

 
 

1.219

 
 

Metals

 
 

1.445

 
 

1.459

 
 

1.455

 
 

1.462

 
 

   Total

 
 

0.688

 
 

0.688

 
 

0.693

 
 

0.695

 
 
 

 

 
                                               
 

BrokerTec Fixed Income and EBS Foreign Exchange Average Daily Notional Volume 
(in billion USD unless otherwise stated, single count)

 





 

PRODUCT LINE

 
 

Sep 2019

 
 

Sep 2018

 
 

Percent Change

 

 

U.S. Treasury1

 
 

172.0

 
 

147.3

 
 

17%

 

 

U.S. Repo

 
 

288.2

 
 

225.9

 
 

28%

 

 

European Repo (in EUR billions)

 
 

281.0

 
 

269.1

 
 

4%

 

 

Spot FX

 
 

77.8

 
 

86.1

 
 

-10%

 

 
 
          


 

 [1] 

 
 

Volume information includes UST Benchmarks and Agencies. Off-the-Run securities, including T-Bills, are provided pursuant to an agreement with ICAP Securities USA LLC.

 
 
 

 

 
                                         
 

BrokerTec Fixed Income and EBS Foreign Exchange 3-Month Trailing Average Revenue 
(U.S. dollars in millions)2

 



 

3-Month Period Ending

 
 

BUSINESS LINE

 
 

Aug-19

 
 

Jul-19

 
 

Jun-19

 
 

May-19

 
 

BrokerTec

 
 

49.4

 
 

48.9

 
 

48.5

 
 

48.4

 
 

EBS

 
 

49.7

 
 

48.7

 
 

48.6

 
 

48.5

 





 
 
          


 

[2] 

 
 

This data is representative of the subset of legacy NEX Group plc business revenue that flows into the Clearing and Transaction Fees line of the CME Group Income Statement along with revenue generated by CME Group futures and options volume, as well as over-the-counter swaps cleared.

 
 
 

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

CME-G

 

Cision View original content:http://www.prnewswire.com/news-releases/cme-group-averaged-20-2-million-contracts-per-day-in-third-quarter-2019--up-30-from-third-quarter-2018--300929443.html

SOURCE CME Group

Media Contacts: Chris Grams, 312.930.3435; Laurie Bischel, 312.648.8698; news@cmegroup.com; Investor Contact: John Peschier, 312.930.8491; www.cmegroup.com/media-room.html

 

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