CME Group Reaches Highest-Ever Quarterly Average Daily Volume of 22.2 Million Contracts for First-Quarter 2018
CME Group Reaches Highest-Ever Quarterly Average Daily Volume of 22.2 Million Contracts for First-Quarter 2018
-- Record quarterly average daily volume (ADV) in five of six asset classes
-- Record quarterly ADV across Options
-- Record Eurodollar futures ADV of 4.1 million contracts and record open interest surpassing 17.8 million
-- More than 20 million contracts traded on thirty-six trading days in 2018
CHICAGO, April 3, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached an all-time high quarterly average daily volume (ADV) of 22.2 million contracts during first-quarter 2018, up 30 percent from first-quarter 2017. CME Group first-quarter 2018 saw record options volume, averaging 4.9 million contracts per day, up 31 percent versus first-quarter 2017, with electronic options averaging a record 3.1 million contracts per day, up 45 percent over the same period last year.
During 2018 to date, there were 36 trading days with volume above 20 million contracts. This compares with 34 trading days above 20 million contracts throughout the entire year in 2017. CME Group March 2018 ADV reached 20.8 million contracts, up 23 percent from March 2017. Open interest at the end of March was 126 million contracts, an increase of 10 percent from the end of March 2017, and up 17 percent from year-end 2017.
Equity Index volume averaged a record 4.1 million contracts per day in first-quarter 2018, up 48 percent from first-quarter 2017. Highlights include:
-- Record Equity Index options ADV, up 51 percent to 1.1 million contracts,
including 29 percent growth in E-mini S&P 500 Weekly options and 73
percent growth in E-mini S&P 500 End-of-Month (EOM) options
-- Record E-mini Dow futures ADV, up 99 percent to 282,000 contracts
-- E-mini S&P 500 futures and options ADV grew 31 percent to 3 million
contracts
-- E-mini NASDAQ 100 futures and options ADV grew 131 percent to 495,000
contracts
-- E-mini Russell 2000 futures and options averaged 189,000 contracts per
day in March 2018, up from an average 162,000 contracts during February
2018
-- Monday and Wednesday Weekly S&P 500 options traded an average 126,000
contracts per day in first-quarter 2018, up from an average 73,000
contracts per day in fourth-quarter 2017
Metals volume averaged a record 713,000 contracts per day in first-quarter 2018, up 39 percent from first-quarter 2017. Highlights include:
-- Record Gold futures ADV, up 43 percent to 382,000 contracts
-- Copper futures and options ADV increased 44 percent to 137,000 contracts
-- Silver futures and options ADV rose 34 percent to 109,000 contracts
-- Copper options open interest reached record 21,000 contracts on March
23, 2018
Interest Rate volume averaged a record 11.9 million contracts per day in first-quarter 2018, up 30 percent from first-quarter 2017. Highlights include:
-- Record Eurodollar futures ADV, up 31 percent to 4.1 million contracts
-- Record daily open interest for Eurodollar futures of more than 17.8
million on March 15, 2018
-- Record Interest Rate options ADV, up 29 percent to 3.1 million contracts
-- Record 10-Year U.S. Treasury Note futures ADV, up 24 percent to 1.9
million contracts
-- Record 5-Year U.S. Treasury Note futures ADV, up 25 percent to 1.2
million contracts
-- Record 2-Year U.S. Treasury Note futures ADV, up 61 percent to 610,000
contracts
-- Record Ultra 10-Year U.S. Treasury Note futures ADV, up 99 percent to
206,000 contracts
-- Record Ultra Bond futures ADV, up 45 percent to 189,000 contracts
-- Electronic Eurodollar options ADV grew 46 percent to 631,000 contracts
-- Fed Fund futures ADV rose 12 percent to 283,000 contracts
Agricultural volume averaged 1.6 million contracts per day in first-quarter 2018, up 26 percent from first-quarter 2017. Highlights include:
-- Record Hard Red Winter Wheat futures ADV, up 68 percent to 74,000
contracts
-- Grain and Oilseed futures and options ADV increased 28 percent to 1.4
million contracts
-- Corn futures ADV increased 30 percent to 427,000 contracts
-- Ten record daily open interest days for Corn futures, surpassing 1.8
million contracts open interest on March 16
-- Electronic Agricultural options ADV increased 28 percent to 205,000
contracts
Foreign Exchange volume averaged a record 1.1 million contracts per day in first-quarter 2018, up 23 percent from first-quarter 2017. Highlights include:
-- Euro FX futures and options ADV grew 32 percent to 330,000 contracts
-- British pound futures and options ADV increased 18 percent to 156,000
contracts
-- Australian dollar futures and options ADV grew 38 percent to 133,000
contracts
Energy volume averaged a record 2.8 million contracts per day in first-quarter 2018, up 10 percent from first-quarter 2017. Highlights include:
-- Record Heating Oil futures ADV, up 21 percent to 198,000 contracts
-- WTI Crude Oil futures and options ADV grew 16 percent to 1.5 million
contracts, including 18 percent growth for WTI futures ADV of 1.3
million contracts
-- Henry Hub Natural Gas futures and options ADV increased 11 percent to
664,000 contracts
-- Energy options ADV grew 6 percent to a record 351,000 contracts
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
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
(in thousands)
1Q 2018 1Q 2017
------- -------
Trading
Days 61 62
PRODUCT
LINE 1Q 2018 1Q 2017 Percent Change
------- ------- --------------
Interest
Rates 11,948 9,169 29%
Equity
Indexes 4,096 2,766 47%
Foreign
Exchange
(FX) 1,100 894 23%
Energy 2,754 2,496 10%
Agricultural
Commodities 1,593 1,261 27%
Metals 713 512 39%
--- --- ---
Total 22,204 17,098 29%
VENUE 1Q 2018 1Q 2017 Percent Change
------- ------- --------------
Open outcry 1,556 1,362 14%
CME Globex 19,796 14,947 32%
Privately
negotiated 851 789 8%
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
(in thousands)
Mar 2018 Mar 2017
-------- --------
Trading Days 21 23
PRODUCT LINE Mar 2018 Mar 2017 Percent Change
-------- -------- --------------
Interest
Rates 10,713 8,702 23%
Equity
Indexes 4,410 3,189 38%
Foreign
Exchange
(FX) 1,120 978 15%
Energy 2,352 2,465 -5%
Agricultural
Commodities 1,546 1,113 39%
Metals 683 491 39%
--- --- ---
Total 20,824 16,937 23%
VENUE Mar 2018 Mar 2017 Percent Change
-------- -------- --------------
Open outcry 1,395 1,384 1%
CME Globex 18,710 14,778 27%
Privately
negotiated 719 775 -7%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Mar-18 Feb-18 Jan-18 Dec-17
Interest
Rates 11,948 10,699 8,673 7,970
Equity
Indexes 4,096 3,608 2,911 2,632
Foreign
Exchange
(FX) 1,100 1,069 1,011 941
Energy 2,754 2,771 2,732 2,489
Agricultural
Commodities 1,593 1,446 1,315 1,278
Metals 713 662 684 616
--- --- --- ---
Total 22,204 20,254 17,326 15,925
VENUE Mar-18 Feb-18 Jan-18 Dec-17
Open
outcry 1,556 1,412 1,127 1,066
Electronic 19,796 18,032 15,509 14,265
Privately
negotiated 851 810 690 594
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT
LINE Feb-18 Jan-18 Dec-17 Nov-17
Interest
Rates 0.476 0.471 0.467 0.464
Equity
Indexes 0.796 0.785 0.768 0.736
Foreign
Exchange
(FX) 0.766 0.789 0.785 0.784
Energy 1.137 1.120 1.133 1.114
Agricultural
Commodities 1.246 1.255 1.251 1.254
Metals 1.362 1.333 1.315 1.299
----- ----- ----- -----
Total 0.723 0.738 0.736 0.723
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group products and services ensure that businesses around the world can effectively manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT, Chicago Board of Trade, KCBT and Kansas City 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. 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
CONTACT: Media, Laurie Bischel, 312.648.8698, Alex Rapoport, 312.930.3193, news@cmegroup.com, www.cmegroup.com/media-room.html; or Investor, John Peschier, 312.930.8491
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SOURCE CME Group
