CME Group reaches ADV of 17 million contracts in September, up 6% MoM


cme group fx volumes

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that September 2017 average daily volume (ADV) reached 17 million contracts, up 13 percent compared with September 2016 and a rise of 6% MoM.

CME Group September 2017 options volume averaged 3.6 million contracts per day, up 25 percent versus September 2016, with electronic options averaging 2.4 million contracts per day, up 36 percent from the same period last year. Open interest at the end of September was 114 million contracts, up 11 percent from the end of September 2016.

Metals volume averaged 660,000 contracts per day in September 2017, up 72 percent from September 2016. Highlights include:

  • Reached record quarterly ADV of 611,000 contracts, up 42 percent from third-quarter 2016, including records for Gold, Copper and Platinum futures and options
  • Grew Gold futures and options ADV 86 percent to 418,000 contracts, including record monthly Gold futures ADV of 366,000 contracts, up 88 percent, and Gold options ADV of 52,000 contracts, up 70 percent
  • Increased Silver futures and options ADV 37 percent to 93,000 contracts
  • Achieved 88 percent growth for base metals, including Copper futures and options, which averaged more than 116,000 contracts per day, also up 88 percent
  • Hit record open interest in Copper options of 13,000 contracts on September 25, 2017

Foreign exchange volume averaged 1.3 million contracts per day in September 2017, up 30 percent from September 2016. Highlights include:

  • Reached Euro FX futures and options ADV of 296,000 contracts, up 22 percent
  • Grew Japanese Yen futures and options ADV 39 percent to 231,000 contracts
    Achieved 31 percent growth for British Pound futures and options ADV, averaging 170,000 contracts
  • Increased ADV of emerging market currency pairs futures and options, with Indian Rupee up 367 percent, South African Rand up 170 percent, Swiss Franc up 35 percent, Brazilian Real up 32 percent and Canadian Dollar up 24 percent

Interest rate volume averaged 8.2 million contracts per day in September 2017, up 26 percent from September 2016. Highlights include:

  • Reached record quarterly and monthly ADV in electronic Interest Rate options of 1.1 million and 1.3 million respectively
  • Increased Treasury futures and options ADV 30 percent to 3.8 million contracts, including 65 percent growth in Treasury options ADV to 892,000, with a record 82 percent traded electronically
  • Achieved 55 percent growth in Weekly Treasury options ADV to 161,000 contracts
  • Grew electronic Eurodollar options ADV 129 percent to 545,000 contracts, with 39 percent of overall Eurodollar options volume executed electronically
  • Increased Ultra 10-Year Treasury Note futures and options 61 percent to 116,000, and current open interest is up 119 percent
  • Reached record level of Large Open Interest Holders (LOIH) of 1,952 in Interest Rate futures as of September 5, 2017, up 18 percent from the 2016 annual average of 1,649

Agricultural volume averaged 1.1 million contracts per day in September 2017, up 17 percent from September 2016. Highlights include:

  • Grew Corn futures and options ADV 12 percent to 310,000 contracts
  • Increased Agricultural options ADV 16 percent to 219,000 contracts
  • Grew Soybean, Soybean Oil and Soybean Meal futures and options ADV 17 percent, 18 percent and 16 percent, respectively
  • Achieved 38 percent growth in Hard Red Winter Wheat futures and options ADV

Energy volume averaged 2.7 million contracts per day in September 2017, up 9 percent from September 2016. Highlights include:

  • Reached record quarterly ADV of 2.7 million contracts, up 17 percent from third-quarter 2016, including a record 1.6 million WTI futures and options contracts
  • Grew WTI Crude Oil futures and options ADV 13 percent to 1.6 million contracts, including WTI Crude Oil futures growth of 19 percent to 1.4 million contracts
  • Grew Natural Gas futures and options ADV 13 percent to 579,000 contracts, including electronic Natural Gas futures and options growth of 19 percent to 482,000 contracts

Equity Index volume averaged 3.1 million contracts per day in September 2017, down 18 percent from September 2016. Highlights include:

  • Following CME Group’s launch of Russell 2000 futures in July, and first quarterly rollover of positions from September quarterly contract to December quarterly contract, more than 91 percent of open interest previously held on Intercontinental Exchange (ICE) transitioned to CME Group; with this transfer of positions, CME Group would expect third-quarter overall Equity average rate-per-contract (RPC) to be approximately 69 cents
  • Grew E-mini Nasdaq 100 futures and options ADV 8 percent to 351,000 contracts
  • Traded an average of 80,000 Monday and Wednesday Weekly S&P 500 options (E-mini and Standard) year to date through September, which accounted for 12 percent of total Equity Index options ADV during the same timeframe

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CME Group reaches ADV of 17 million contracts in September, up 6% MoM

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