CME Group Averaged 18.4 Million Contracts Per Day in Second Quarter of 2018, Up 12 Percent from Second Quarter of 2017
CHICAGO, July 3, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 18.4 million contracts during the second quarter of 2018, up 12 percent from the second quarter of 2017. June 2018 ADV reached 17.8 million contracts, up 8 percent from June 2017. Open interest at the end of June was 115 million contracts, an increase of 2 percent from the end of June 2017, and up 6 percent from year-end 2017.
Metals volume averaged 674,000 contracts per day in the second quarter of 2018, up 27 percent from the second quarter of 2017. Highlights include:
-- Gold futures and options ADV grew 29 percent to 383,000 contracts
-- Copper futures and options ADV increased 43 percent to 146,000 contracts
-- Silver futures and options ADV rose 7 percent to 115,000 contracts
-- Record daily volume for Platinum futures of 58,000 contracts on June 22
Foreign Exchange volume averaged 1 million contracts per day in the second quarter of 2018, up 18 percent from the second quarter of 2017. Highlights include:
-- Euro FX futures and options ADV grew 40 percent to 336,000 contracts,
and Euro FX options reached all-time high open interest of 632,000
contracts on June 14
-- British pound futures and options ADV increased 4 percent to 137,000
contracts
-- Australian dollar futures and options ADV grew 21 percent to 115,000
contracts
-- Canadian dollar futures and options ADV rose 12 percent to 96,000
contracts
-- Mexican peso futures and options ADV grew 40 percent to 74,000 contracts
Agricultural volume averaged a record 1.7 million contracts per day in the second quarter of 2018, up 16 percent from the second quarter of 2017. Highlights include:
-- Record monthly ADV of 2 million contracts in June, up 15 percent year
over year
-- Record Corn futures and options ADV of 724,000 contracts in June; record
597,000 contracts averaged during the second quarter
-- Grain and Oilseed futures and options ADV increased 18 percent to 1.6
million contracts during the second quarter
-- Soybean futures and options ADV grew 34 percent to 373,000 contracts;
Soybean Meal and Soybean Oil futures and options ADV grew 34 percent and
11 percent respectively
-- Wheat futures and options ADV increased 9 percent to 213,000 contracts
with Hard Red Winter Wheat futures and options ADV growing 10 percent to
71,000 contracts
Equity Index volume averaged 3.1 million contracts per day in the second quarter of 2018, up 14 percent from the second quarter of 2017. Highlights include:
-- E-mini S&P 500 futures and options ADV increased 3 percent to 2.2
million contracts
-- E-mini NASDAQ 100 futures and options ADV grew 37 percent to 418,000
contracts
-- E-mini Dow futures and options averaged 226,000 contracts per day, up 63
percent
Interest Rate volume averaged 9.2 million contracts per day in the second quarter of 2018, up 12 percent from the second quarter of 2017. Highlights include:
-- Treasury futures and options ADV increased 23 percent to 4.9 million
contracts, including 23 percent growth in Treasury futures to 4 million
contracts and 25 percent growth in Treasury options to 898,000 contracts
-- Eurodollar futures ADV rose 9 percent to 2.8 million contracts
-- Fed Fund futures ADV grew 27 percent to 277,000 contracts
-- Ultra 10-Year U.S. Treasury Note futures and options ADV rose 74 percent
to 178,000 contracts
-- Ultra U.S. Treasury Bond futures and options ADV increased 40 percent to
172,000 contracts
Energy volume averaged 2.6 million contracts per day in the second quarter of 2018, in line with the second quarter of 2017. Highlights include:
-- Crude Oil futures and options ADV increased 8 percent to 1.7 million
contracts
-- WTI Crude Oil futures ADV grew 11 percent to 1.4 million contracts
-- Refined products futures and options ADV rose 6 percent to 409,000
contracts
-- Gasoline futures ADV grew 1 percent to 205,000 contracts
-- Heating Oil futures and options ADV increased 13 percent to 190,000
contracts
Options volume averaged 3.5 million contracts per day in the second quarter of 2018, down 2 percent from the second quarter of 2017. Highlights include:
-- Record monthly ADV for Agricultural options of 393,000 contracts, up 24
percent, and included record electronic options ADV of 304,000
contracts, up 28 percent
-- Quarterly Agricultural options ADV grew 24 percent to 327,000 contracts,
including a 28 percent increase in electronic options to a record
252,000 contracts
-- Metals options ADV rose 23 percent to 57,000 contracts
-- June 2018 options ADV increased 4 percent to 3.5 million contracts, with
Interest Rate options monthly ADV growing 10 percent to 2.2 million
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)
2Q 2018 2Q 2017
------- -------
Trading Days 64 63
PRODUCT LINE 2Q 2018 2Q 2017 Percent Change
------- ------- --------------
Interest Rates 9,200 8,210 12%
Equity Indexes 3,086 2,707 14%
Foreign Exchange (FX) 1,035 879 18%
Energy 2,630 2,632 0%
Agricultural
Commodities 1,734 1,491 16%
Metals 674 533 27%
--- --- ---
Total 18,359 16,453 12%
VENUE 2Q 2018 2Q 2017 Percent Change
------- ------- --------------
Open outcry 1,066 1,115 -4%
CME Globex 16,644 14,582 14%
Privately negotiated 649 756 -14%
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
(in thousands)
Jun 2018 Jun 2017
-------- --------
Trading Days 21 22
PRODUCT LINE Jun 2018 Jun 2017 Percent Change
-------- -------- --------------
Interest Rates 8,216 7,457 10%
Equity Indexes 3,226 3,162 2%
Foreign Exchange
(FX) 1,167 1,014 15%
Energy 2,576 2,674 -4%
Agricultural
Commodities 1,994 1,735 15%
Metals 666 512 30%
--- --- ---
Total 17,845 16,555 8%
VENUE Jun 2018 Jun 2017 Percent Change
-------- -------- --------------
Open outcry 1,035 970 7%
CME Globex 16,156 14,816 9%
Privately negotiated 653 769 -15%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Jun-18 May-18 Apr-18 Mar-18
Interest
Rates 9,200 10,019 11,253 11,948
Equity
Indexes 3,086 3,475 4,228 4,096
Foreign
Exchange
(FX) 1,035 1,019 1,010 1,100
Energy 2,630 2,557 2,583 2,754
Agricultural
Commodities 1,734 1,587 1,764 1,593
Metals 674 680 685 713
--- --- --- ---
Total 18,359 19,337 21,523 22,204
VENUE Jun-18 May-18 Apr-18 Mar-18
Open
outcry 1,066 1,184 1,462 1,556
Electronic 16,644 17,482 19,293 19,796
Privately
negotiated 649 671 768 851
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT
LINE May-18 Apr-18 Mar-18 Feb-18
Interest
Rates 0.478 0.472 0.464 0.476
Equity
Indexes 0.785 0.776 0.781 0.796
Foreign
Exchange
(FX) 0.759 0.755 0.762 0.766
Energy 1.148 1.159 1.140 1.137
Agricultural
Commodities 1.267 1.259 1.246 1.246
Metals 1.395 1.397 1.367 1.362
----- ----- ----- -----
Total 0.733 0.721 0.706 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 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. 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.
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SOURCE CME Group
