CME Group reports ADV of 15 million contracts in October, down 12% MoM


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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today reported that October 2017 average daily volume (ADV) reached 14.9 million contracts, up 14 percent compared with October 2016, but a drop of 12% compared to previous month. CME Group October 2017 options volume averaged 3.6 million contracts per day, up 44 percent versus October 2016, with electronic options averaging 2.3 million contracts per day, up 50 percent from the same period last year. Open interest at the end of October was 121 million contracts, up 16 percent from the end of October 2016.

Metals volume averaged 565,000 contracts per day in October 2017, up 46 percent from October 2016. Highlights include:

  • Gold futures and options ADV was up 54 percent to 345,000 contracts, and Silver futures and options ADV was up 29 percent to 88,000 contracts
  • Copper futures and options achieved 54 percent growth, averaging 110,000 contracts per day, and Aluminum futures and options ADV grew 34 percent
  • Copper options hit an open interest record of 16,400 contracts on October 25, 2017

Interest rate volume averaged 7.6 million contracts per day in October 2017, up 33 percent from October 2016. Highlights include:

  • Eurodollar futures and options ADV grew 36 percent to 3.9 million contracts, including 82 percent growth in Eurodollar options ADV to 1.5 million contracts, with 36 percent traded electronically
  • Treasury futures and options ADV increased 31 percent to 3.6 million contracts, including 80 percent growth in Treasury options ADV to 839,000 contracts, with 82 percent traded electronically
  • Open interest for 2-Year Treasury Note futures was a record 1.7 million contracts on October 16, 2017
  • Weekly Treasury options ADV was up 39 percent to 131,000 contracts
  • Ultra 10-Year Treasury Note futures and options increased 72 percent to 107,000 contracts, and current open interest increased 73 percent compared with the same period last year

Foreign exchange volume averaged 888,000 contracts per day in October 2017, up 15 percent from October 2016. Highlights include:

  • Euro FX futures and options reached ADV of 253,000 contracts, up 36 percent
  • Japanese Yen futures and options ADV increased 36 percent to 168,000 contracts
  • FX options achieved 27 percent ADV growth, and 29 percent growth for electronic FX options contracts
  • Emerging market currency pairs futures and options saw increased ADV, with Indian Rupee up 381 percent, South African Rand up 106 percent, Brazilian Real up 51 percent, Swiss Franc up 17 percent and Australian Dollar up 15 percent

Energy volume averaged 2.4 million contracts per day in October 2017, down 1 percent from October 2016. Highlights include:

  • WTI Crude Oil futures ADV grew 4 percent to 1.2 million contracts, and hit open interest record of 2.9 million contracts on October 31, 2017
  • Electronic Natural Gas futures and options ADV increased 4 percent to 553,000 contracts
  • Natural Gas options achieved 13 percent growth in ADV to 129,000 contracts
  • Heating Oil futures and options ADV grew 15 percent to 177,000 contracts and Gasoline futures and options ADV rose 4 percent to 174,000 contracts

Agricultural volume averaged 1.2 million contracts per day in October 2017, down 1 percent from October 2016. Highlights include:

  • Corn futures and options ADV was up 4 percent to 342,000 contracts
  • Electronic Agricultural options ADV increased 8 percent to 155,000 contracts
  • Livestock futures ADV grew 17 percent to 113,000 contracts
  • Feeder Cattle futures achieved record open interest for of 65,000 contracts on October 27, 2017

Equity Index volume averaged 2.2 million contracts per day in October 2017, down 14 percent from October 2016. Highlights include:

  • E-mini Nasdaq 100 futures and options ADV grew 13 percent to 263,000 contracts, including 89 percent growth in End of Month (EOM) E-mini Nasdaq 100 options and 38 percent growth in Weekly E-mini Nasdaq 100 options
  • S&P 500 EOM options achieved 54 percent growth and E-mini S&P 500 EOM options saw 38 percent growth.
  • Following CME Group’s launch of Russell 2000 futures in July, they averaged 80,000 contracts per day in October
  • Monday and Wednesday Weekly S&P 500 options (E-mini and Standard) traded an average of 80,000 contracts year to date through October, which accounted for 12 percent of total Equity Index options ADV during the same timeframe

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CME Group reports ADV of 15 million contracts in October, down 12% MoM

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