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CME Group Reaches Second-Highest Quarterly Volume Ever, Averaging 20.9 Million Contracts Per Day in Second-Quarter 2019

Published: 2019-07-02 11:30:00 ET

CHICAGO, July 2, 2019 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 20.9 million contracts during second-quarter 2019, up 14% from second-quarter 2018 and the second-highest quarterly volume on record. June 2019 volume averaged 23.1 million contracts per day, up 29% from June 2018. Open interest (OI) at the end of June was 141 million contracts, up 22% from year-end 2018 and up 23% from June 2018.

CME Group reached multiple quarterly ADV records during Q2. Highlights include: Record non-U.S. ADV, up 24% to 5.4 million contracts

Record Agricultural Commodities ADV, up 6% to 1.8 million contracts
Record Interest Rate options ADV, up 56% to 3.3 million contracts
Record Agricultural options ADV, up 10% to 359,000 contracts
Record Metals options ADV, up 39% to 78,000

Options volume averaged 5.7 million contracts per day in June 2019, up 63% from June 2018, and reached its second-highest monthly ADV ever. Highlights include:
Record overall daily options volume of 10.8 million contracts set June 3
Record 8.8 million Interest Rate options contracts traded on June 3, including a record 4.8 million traded electronically
Record Eurodollar options volume of 7 million contracts on June 3 and record OI of 71 million contracts on June 13
Record Interest Rate options monthly ADV of 4.3 million contracts, up 98%
Record Metals options ADV of 128,000 contracts, up 117%
Equity Index options ADV increased 5% to 612,000 contracts
Energy options ADV grew 4% to 274,000 contracts

Interest Rate volume averaged 12.9 million contracts per day in June 2019, up 56% from June 2018. Highlights include:
Record 1.29 million Fed Fund futures contracts traded on June 19
Eurodollar futures and options ADV grew 89% to 7.1 million contracts
U.S. Treasury futures and options ADV increased 23% to 5.1 million contracts
Fed Fund futures ADV rose 112% to 588,000 contracts
Ultra 10-Year U.S. Treasury Note futures and options ADV grew 50% to 219,000 contracts
Weekly Treasury options ADV increased 39% to 211,000 contracts
Ultra U.S. Treasury Bond futures and options ADV increased 11% to 147,000 contracts

Equity Index volume averaged 3.9 million contracts per day in June 2019, up 20% from June 2018. Highlights include:
Micro E-mini equity index futures averaged 437,000 contracts per day in June, and traded over 18 million contracts in total volume since their May 6 launch – the most successful product launch ever at CME Group
E-mini S&P 500 futures and options ADV increased 6% to 2.4 million contracts
E-mini Nasdaq-100 futures and options ADV grew 18% to 484,000 contracts
Nikkei 225 (yen) futures ADV grew 22% to 45,000 contracts

Metals volume averaged a record 801,000 contracts per day in June 2019, up 20% from June 2018. Highlights include:
Record Gold options ADV, up 141% to 115,000 contracts
Record Copper options OI of 68,000 on June 24
Gold futures and options ADV increased 55% to 506,000 contracts
Silver futures and options ADV rose 12% to 143,000 contracts
Copper options ADV rose 111% to 3,300 contracts

Agricultural volume averaged a record 2 million contracts per day in June 2019, up 1% from June 2018. Highlights include:
Record quarterly Corn futures and options ADV, up 30% to 774,000 contracts
Record Lean Hog options OI of 467,000 contracts on June 17
Corn futures and options June ADV grew 21% to 875,000 contracts
Grain and Oilseeds futures and options June ADV rose 1% to 1.8 million contracts
Livestock futures and options June ADV grew 13% to 170,000 contracts
Hard Red Winter Wheat futures and options June ADV increased 3% to 83,000 contracts

Energy volume averaged 2.5 million contracts per day in June 2019, down 4% from June 2018. Highlights include:
Natural Gas futures and options ADV rose 13% to 533,000 contracts
Gasoline futures and options ADV increased 6% to 217,000 contracts
Brent Crude Oil futures and options ADV rose 14% to 137,000 contracts

Foreign Exchange volume averaged 1.1 million contracts per day in June 2019, down 9% from June 2018. Highlights include:
Japanese yen futures and options ADV rose 7% to 168,000 contracts
Australian dollar futures and options ADV increased 6% to 131,000 contracts
Swiss franc futures and options ADV grew 21% to 41,000 contracts
New Zealand dollar futures and options ADV rose 17% to 36,000 contracts

BrokerTec fixed income trading activity highlights include:

European Repo average daily notional value increased 4% to €279 billion
U.S. Repo average daily notional value increased 9% to $252 billion
U.S. Treasury average daily notional value grew 27% to $200 billion

Supplemental Disclosure
The Equity Index average rate per contract (RPC) starting in May will be impacted by the significant Micro E-mini equity index futures volume, which launched on May 6. For reference, the Equity Index product line total volume for May was 93,127,399 contracts, while the Micro E-mini total volume was 9,299,092, or 10 percent of the total. The average RPC for the Micro E-mini products in May was approximately $0.05. For the full month of June 2019, the Equity Index product line total volume was 77,405,891 and the Micro E-mini total volume was 8,734,560.

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

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 rates, equity indexes, foreign exchange, energy, agricultural 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.

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SOURCE CME Group

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.