News Release

CME Group Volume Averaged 15.3 Million Contracts per Day in September 2014, Up 17 Percent from September 2013, and Included Double-Digit Growth in Foreign Exchange, Interest Rate and Agricultural Commodities Volumes

Thu Oct 02 2014

CHICAGO, Oct. 2, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that September 2014 volume averaged 15.3 million contracts per day, up 17 percent from September 2013.  Total volume for September 2014 was more than 320 million contracts, of which 86 percent was traded electronically.  CME Group open interest hit a record level of 108.4 million contracts on September 11, and stands at approximately 104.1 million contracts at the end of the month, up 24 percent year-to-date. 

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CME Group interest rate volume averaged 8.1 million contracts per day in September 2014, up 23 percent compared with September 2013.  Eurodollar futures volume averaged 3.2 million contracts per day, up 26 percent from the same period a year ago.  Eurodollar options volume averaged 1.2 million contracts per day, up 29 percent from September last year and included record average daily volume in the third-year Eurodollar mid-curve option contract.  Treasury futures volume averaged 2.9 million contracts per day, up 17 percent compared with September 2013.  Treasury options volume averaged 676,000 contracts per day, up 28 percent from the same period last year, and included a record 62 percent traded electronically.  Overall CME Group interest rate open interest has increased 47 percent year-to-date. 

CME Group FX volume averaged 1.2 million contracts per day, up 39 percent from September 2013, and included a record 110,000 FX options contracts, as well as record British Pound futures and options average daily volume.  The average daily notional value of FX contracts traded in September was $134 billion.  In addition, FX open interest hit an all-time high of 2.6 million contracts during September prior to the quarterly expiry.  CME Group equity index volume in September 2014 averaged 3.1 million contracts per day, up 6 percent from the same period a year ago.   

CME Group agricultural commodities volume averaged 1.0 million contracts per day in September 2014, up 13 percent compared with the prior-year period.  CME Group energy volume averaged 1.6 million contracts per day in September 2014, up 3 percent from September 2013.  CME Group metals volume in September 2014 averaged 325,000 contracts per day, down 1 percent compared with the prior September.

In September 2014, CME Group cleared a record $178 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  During the month, OTC interest rate swap open interest increased 3 percent from the end of August to $20.1 trillion, which represents 56 percent of clients' total cleared OTC interest rate swap open interest.

Third-quarter 2014 volume averaged 13.5 million contracts per day, up 12 percent from third-quarter 2013, and included 23 percent growth in interest rate average daily volume.  The main highlights included quarterly records for overall options, as well as FX options, 5-Year Treasury options, and E-mini S&P 500 weekly options.  Quarterly average daily volume records were also achieved in Brent futures and options, as well as Live Cattle futures and options.

MONTHLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)



Sep 2014

Sep 2013


Trading Days

21

20






PRODUCT LINE

Sep 2014

Sep 2013

Percent Change

Interest Rates

8,074

6,554

23%

Equity Indexes

3,070

2,888

6%

Foreign Exchange (FX)

1,150

825

39%

Energy

1,597

1,555

3%

Agricultural Commodities

1,038

918

13%

Metals

325

327

-1%

     Total

15,254

13,067

17%


VENUE

Sep 2014

Sep 2013

    Percent Change

Open outcry

1,445

1,312

10%

CME Globex

13,046

11,034

18%

Privately negotiated*

763

722

6%

 

QUARTERLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)



3Q 2014

3Q 2013


Trading Days

64

64






PRODUCT LINE

3Q 2014

3Q 2013

Percent Change

Interest Rates

7,181

5,839

23%

Equity Indexes

2,586

2,408

7%

Foreign Exchange (FX)

797

792

1%

Energy

1,562

1,609

-3%

Agricultural Commodities

1,058

1,009

5%

Metals

308

360

-14%

     Total

13,493

12,018

12%


VENUE

3Q 2014

3Q 2013

Percent Change

Open outcry

1,208

1,173

3%

CME Globex

11,627

10,199

14%

Privately negotiated*

657

646

2%





 

Note that the KCBT hard red winter wheat average daily volume is included within the CME Group venue rollup as of April 1, 2013, but not historically prior to that date, following the acquisition which closed on November 30, 2012.

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 


3-Month Period Ending

PRODUCT LINE

Sep-14

Aug-14

Jul-14

Jun-14

Interest Rates

7,181

6,643

6,741

6,668

Equity Indexes

2,586

2,392

2,353

2,465

Foreign Exchange (FX)

797

671

645

638

Energy

1,562

1,534

1,520

1,457

Agricultural Commodities

1,058

1,104

1,057

1,084

Metals

308

308

322

323

     Total

13,493

12,651

12,638

12,636






VENUE

Sep-14

Aug-14

Jul-14

Jun-14

Open outcry

1,208

1,092

1,108

1,100

Electronic

11,627

10,925

10,863

10,888

Privately negotiated*

657

634

667

647

*The privately negotiated venue includes both traditional block trades as well as what was historically categorized as CME ClearPort.  Going forward there will no longer be a break out for CME ClearPort.

Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Aug-14

Jul-14

Jun-14

May-14

Interest Rates

0.473

0.470

0.473

0.477

Equity Indexes

0.695

0.704

0.714

0.712

Foreign Exchange (FX)

0.830

0.850

0.861

0.854

Energy

1.259

1.250

1.298

1.340

Agricultural Commodities

1.398

1.409

1.430

1.410

Metals

1.709

1.712

1.715

1.723

     Total

0.740

0.737

0.749

0.748

 

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 commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

CME-G

SOURCE CME Group

Media Contacts, Michael Shore, 312.930.2363, Chris Grams, 312.930.3435, news@cmegroup.com, www.cmegroup.mediaroom.com; Investor Contact: John Peschier, 312.930.8491

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