CME Group interest rate volume up 9% in February, second highest monthly ADV ever


cme group fx volumes

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced that February 2017 average daily volume (ADV) reached 18.4 million contracts, down 1% from a strong February 2016.

CME Group February 2017 options volume averaged 3.8 million contracts per day, up 9% versus February 2016, with electronic options averaging 2.2 million contracts per day, up 17% over the same period last year. Open interest at the end of February was 118 million contracts, up 6% from the end of February 2016.

Interest rate volume averaged 10.6 million contracts per day in February 2017, up 9% from February 2016, and represented the second highest monthly ADV ever.

  • Grew Fed Fund futures ADV 163 percent to 334,000 contracts
  • Increased Treasury options ADV 15 percent to 761,000 contracts, including 41 percent growth in weekly Treasury options, with a record 76 percent traded electronically
  • Reached record level of Treasury futures open interest of more than 10.6 million contracts
  • Achieved Eurodollar options ADV of 1.7 million contracts, up 14 percent, with a record 28 percent traded electronically

Agricultural volume averaged 1.5 million contracts per day in February 2017, up 12 percent from February 2016.

  • Grew Corn futures and options ADV 18 percent to 535,000 contracts
  • Achieved 60 percent and 30 percent growth in Corn and Wheat options, respectively
  • Grew Hard Red Winter Wheat futures and options ADV 27 percent and Soybean Oil futures and options 23 percent

Metals volume averaged 523,000 contracts per day in February 2017, up 7 percent from February 2016.

  • Increased Copper futures and options 41 percent to 124,000 contracts
  • Reached record open interest of more than 300,000 Copper futures contracts on February 13
  • Grew Silver futures and options ADV 9 percent to 100,000 contracts
  • Achieved 41 percent year-over-year growth for base metals

Energy volume averaged 2.5 million contracts per day in February 2017, down 9 percent from February 2016.

  • Increased Natural Gas futures and options ADV 18 percent to 633,000 contracts, with 34 percent growth in electronic Natural Gas futures and options ADV
  • Achieved Gasoline futures and options ADV of 238,000 contracts, up 20 percent
  • Grew Brent Crude Oil options ADV and Ethanol futures and options ADV 31 percent and 23 percent, respectively

Foreign exchange volume averaged 764,000 contracts per day in February 2017, down 20 percent from February 2016.

  • Grew Brazilian Real ADV 36 percent
  • Reached open interest of more than 30,000 contracts in South African Rand futures

Equity index volume averaged 2.5 million contracts per day in February 2017, down 27 percent from February 2016.

  • Grew E-mini S&P 500 options 16 percent to 668,000 contracts, including 108 percent growth in E-mini S&P 500 weekly options and 81 percent growth in E-mini S&P 500 end-of-month (EOM) options
  • Increased S&P 500 weekly options ADV and S&P 500 EOM options ADV 264 percent and 30 percent, respectively
  • Achieved ADV of 56,000 contracts for S&P 500 and E-mini S&P 500 Wednesday Weekly options, which launched September 26, 2016, up 10 percent sequentially from January 2017

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CME Group interest rate volume up 9% in February, second highest monthly ADV ever

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