News Release

CME Group Volume Averaged a Record 17.6 Million Contracts per Day in October 2014, Up 58 Percent from October 2013, and Included Double-Digit Growth in Interest Rate, Foreign Exchange, Equity Index and Agricultural Commodities Volumes

Tue Nov 04 2014

CHICAGO, Nov. 4, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that October 2014 volume averaged a record 17.6 million contracts per day, up 58 percent from October 2013, and posted year-over-year growth in all six product lines.  Total volume for October 2014 was more than 404 million contracts, of which 87 percent was traded electronically, and a record 15.4 million contracts traded on CME Globex during the month.  CME Group open interest stands at approximately 104.9 million contracts at the end of the month, up 25 percent year-to-date. 

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CME Group interest rate volume averaged 9.2 million contracts per day in October 2014, up 89 percent compared with October 2013.  Eurodollar futures volume averaged a record 3.8 million contracts per day, up 100 percent from the same period a year ago.  Eurodollar options volume averaged 1.2 million contracts per day, up 88 percent from October last year.  Treasury futures volume averaged 3.4 million contracts per day, up 88 percent compared with October 2013.  Treasury options volume averaged 695,000 contracts per day, up 46 percent from the same period last year.  Overall CME Group interest rate open interest has increased 45 percent year-to-date. 

CME Group FX volume averaged 986,000 contracts per day, up 53 percent from October 2013.  The average daily notional value of FX contracts traded in October was $114 billion.  CME Group equity index volume in October 2014 averaged 4.0 million contracts per day, up 50 percent from the same period a year ago, and included monthly volume records for overall equity index options, as well as E-mini S&P 500 options.   

CME Group agricultural commodities volume averaged 1.3 million contracts per day in October 2014, up 30 percent compared with the prior-year period.  CME Group energy volume averaged 1.8 million contracts per day, up 9 percent from October 2013.  CME Group metals volume averaged 330,000 contracts per day, up 9 percent compared with the prior October.

In October 2014, CME Group cleared a record $181 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  During the month, OTC interest rate swap open interest increased 9 percent from the end of September to $21.9 trillion, which represents 60 percent of clients' total cleared OTC interest rate swap open interest.  Average daily trade count for the month was 1,843.

MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

( in thousands)



Oct 2014

Oct 2013


Trading Days

23

23






PRODUCT LINE

Oct 2014

Oct 2013

Percent Change

Interest Rates

9,199

4,868

89%

Equity Indexes

4,035

2,682

50%

Foreign Exchange (FX)

986

644

53%

Energy

1,766

1,626

9%

Agricultural Commodities

1,270

976

30%

Metals

330

302

9%

     Total

17,586

11,097

58%







VENUE

Oct 2014

Oct 2013

Percent Change

Open outcry

1,484

966

54%

CME Globex

15,377

9,503

62%

Privately negotiated*

725

628

15%

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 


3-Month Period Ending

PRODUCT LINE

Oct-14

Sep-14

Aug-14

Jul-14

Interest Rates

8,221

7,181

6,643

6,741

Equity Indexes

3,158

2,586

2,392

2,353

Foreign Exchange (FX)

937

797

671

645

Energy

1,609

1,562

1,534

1,520

Agricultural Commodities

1,127

1,058

1,104

1,057

Metals

312

308

308

322

     Total

15,364

13,493

12,651

12,638






VENUE

Oct-14

Sep-14

Aug-14

Jul-14

Open outcry

1,358

1,208

1,092

1,108

Electronic

13,330

11,627

10,925

10,863

Privately negotiated*

676

657

634

667

*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

Sep-14

Aug-14

Jul-14

Jun-14

Interest Rates

0.473

0.473

0.470

0.473

Equity Indexes

0.687

0.695

0.704

0.714

Foreign Exchange (FX)

0.788

0.830

0.850

0.861

Energy

1.291

1.259

1.250

1.298

Agricultural Commodities

1.362

1.398

1.409

1.430

Metals

1.707

1.709

1.712

1.715

     Total

0.725

0.740

0.737

0.749

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, its trading facilities in New York and Chicago, and through its London-based CME Europe derivatives exchange.  CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer 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 or Investor Contact, John Peschier, 312.930.8491

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