News Release

CME Group Volume Averaged 13.0 Million Contracts per Day in May 2014, Up 6 Percent from April 2014

Tue Jun 03 2014

CHICAGO, June 3, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that May 2014 volume averaged 13.0 million contracts per day, up 6 percent sequentially but down 12 percent from May 2013.  Total volume for May 2014 was more than 273 million contracts, of which 86 percent was traded electronically. 

CME Group interest rate volume averaged 7.6 million contracts per day in May, up 27 percent compared with April 2014 while down 3 percent from May 2013.  Eurodollar futures volume averaged 2.6 million contracts per day, up 10 percent from the same period a year ago.  Eurodollar options volume averaged 799,000 contracts per day, up 42 percent from May last year.  Treasury futures volume averaged 3.6 million contracts per day, up 48 percent sequentially though down 13 percent compared with May 2013.  Treasury options volume averaged 582,000 contracts per day, down 15 percent from the same period last year. 

CME Group equity index volume in May 2014 averaged 2.2 million contracts per day, down 22 percent from the same period last year.  CME Group foreign exchange (FX) volume averaged 589,000 contracts per day, down 43 percent from May 2013.  The average daily notional value of FX contracts traded in May was $73 billion.  

CME Group agricultural commodities volume averaged 915,000 contracts per day, down 5 percent compared with the prior-year period.  CME Group metals volume in May 2014 averaged 324,000 contracts per day, down 27 percent from May 2013.  CME Group energy volume averaged 1.4 million contracts per day in May 2014, down 18 percent compared with the prior May.

In May 2014, CME Group cleared a $121 billion average daily notional value of OTC interest rate swaps.  During the month, OTC interest rate swap open interest increased 6 percent from the end of April to $14.4 trillion, which represents 50 percent of clients' total cleared OTC interest rate swap open interest.  Average daily trade count for the month was 1,710.

 

 

MONTHLY AVERAGE DAILY VOLUME (ADV)

 

Total Exchange ADV
( in thousands)

 
 

May 2014

May 2013

 

Trading Days

21

22

 
     

PRODUCT LINE

May 2014

May 2013

Percent Change

Interest Rates

7,594

7,790

-3%

Equity Indexes

2,169

2,773

-22%

Foreign Exchange (FX)

589

1,031

-43%

Energy

1,407

1,711

-18%

Agricultural Commodities

915

958

-5%

Metals

324

444

-27%

     Total

12,998

14,707

-12%

       

VENUE

        May 2014

       May 2013

    Percent Change

Open outcry

1,181

1,180

0%

CME Globex

11,183

12,872

-13%

Privately negotiated*

634

655

-5%

 

 

ROLLING THREE-MONTH AVERAGES 

 

Average Daily Volume (In thousands)

   
 

3-Month Period Ending

PRODUCT LINE

May-14

Apr-14

Mar-14

Feb-14

Interest Rates

6,869

6,612

6,725

6,027

Equity Indexes

2,715

2,938

2,890

2,636

Foreign Exchange (FX)

668

726

817

784

Energy

1,437

1,568

1,705

1,737

Agricultural Commodities

1,062

1,212

1,168

1,058

Metals

342

351

355

318

     Total

13,093

13,408

13,659

12,561

         
 

VENUE

May-14

Apr-14

Mar-14

Feb-14

Open outcry

1,135

1,149

1,179

1,090

Electronic

11,291

11,556

11,703

10,714

Privately negotiated*

667

704

778

757

 

*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

Apr-14

Mar-14

Feb-14

Jan-14

Interest Rates

0.482

0.481

0.492

0.499

Equity Indexes

0.705

0.712

0.720

0.719

Foreign Exchange (FX)

0.822

0.804

0.806

0.823

Energy

1.379

1.364

1.325

1.303

Agricultural Commodities

1.392

1.369

1.360

1.354

Metals

1.712

1.707

1.701

1.698

     Total

0.769

0.767

0.778

0.780

 

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.

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