News Release

CME Group Volume Averaged a Record 13.7 Million Contracts per Day in 2014, Up 9 Percent from 2013, with Annual Average Daily Volume Records for Interest Rates and Treasuries

Mon Jan 05 2015

CHICAGO, Jan. 5, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that December 2014 volume averaged 13.6 million contracts per day, up 25 percent from December 2013.  Total volume for December 2014 was more than 299 million contracts, of which 87 percent was traded electronically.  Options volume in December averaged 2.6 million contracts per day, up 27 percent versus December 2013, with electronic options growing 44 percent over the same period.

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CME Group interest rate volume averaged 6.6 million contracts per day in December 2014, up 32 percent compared with December 2013.  Eurodollar futures volume averaged 2.9 million contracts per day, up 44 percent from the same period a year ago.  Eurodollar options volume averaged 853,000 contracts per day, up 31 percent from December last year.  Treasury futures volume averaged 2.3 million contracts per day, up 25 percent compared with December 2013.  Treasury options volume averaged 584,000 contracts per day, up 9 percent from the same period last year.  Overall CME Group interest rate open interest increased 28 percent in 2014. 

CME Group foreign exchange (FX) volume averaged 957,000 contracts per day, up 26 percent from December 2013.  The average daily notional value of FX contracts traded in December was $107 billion.  CME Group equity index volume in December 2014 averaged 3.1 million contracts per day, up 24 percent from the same period a year ago.   

CME Group agricultural commodities volume averaged 952,000 contracts per day in December 2014, up 20 percent compared with the prior-year period.  CME Group energy volume averaged 1.7 million contracts per day, up 11 percent from December 2013.  CME Group metals volume averaged 293,000 contracts per day, up 6 percent compared with the prior December.

In December 2014, CME Group cleared $167 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  During the month, OTC interest rate swap open interest increased to $22.9 trillion, which represents 64 percent of clients' total cleared OTC interest rate swap open interest.  Average daily trade count for the month was 1,944.

Fourth-quarter 2014 volume averaged 14.8 million contracts per day, up 31 percent from fourth-quarter 2013, and included 41 percent growth in interest rate average daily volume, as well as 36 percent growth in FX average daily volume and 26 percent in equities.  The main highlights also included quarterly average daily volume records for overall options, as well as FX and equity options.

Full-year 2014 volume averaged a record 13.7 million contracts per day, up 9 percent from 2013, and included 19 percent growth in interest rate average daily volume.  The main highlights also included annual average daily volume records for interest rates and treasuries.  Overall open interest was 94 million contracts at year-end, up 12 percent from year-end 2013, and open interest reached a record 109 million contracts during November 2014.

MONTHLY AVERAGE DAILY VOLUME (ADV)








Total Exchange ADV

( in thousands)










Dec 2014

Dec 2013


Trading Days

22

21






PRODUCT LINE

Dec 2014

Dec 2013

Percent Change

Interest Rates

6,624

5,011

32%

Equity Indexes

3,076

2,487

24%

Foreign Exchange (FX)

957

760

26%

Energy

1,719

1,547

11%

Agricultural Commodities

952

793

20%

Metals

293

276

6%

  Total

13,623

10,873

25%





VENUE

      Dec 2014

     Dec 2013

  Percent Change

Open outcry

1,133

938

21%

CME Globex

11,882

9,243

29%

Privately negotiated*

607

693

-12%

 

QUARTERLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)










Q4 2014

Q4 2013


Trading Days

64

64






PRODUCT LINE

Q4 2014

Q4 2013

Percent Change

Interest Rates

7,445

5,274

41%

Equity Indexes

3,114

2,471

26%

Foreign Exchange (FX)

959

705

36%

Energy

1,797

1,571

14%

Agricultural Commodities

1,173

992

18%

Metals

361

317

14%

Total

14,848

11,331

31%


VENUE

Q4 2014

Q4 2013

Percent Change

Open outcry

1,218

957

27%

CME Globex

12,982

9,723

34%

Privately negotiated*

648

651

0%

 

ANNUAL AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)






2014

 

2013


Trading Days

252

252






PRODUCT LINE

2014

2013

Percent Change

Interest Rates

7,009

5,903

19%

Equity Indexes

2,764

2,642

5%

Foreign Exchange (FX)

803

885

-9%

Energy

1,630

1,676

-3%

Agricultural Commodities

1,120

1,053

6%

Metals

337

386

-13%

    Total

13,663

12,546

9%






VENUE

2014

2013

   Percent Change

Open outcry

1,176

1,040

13%

CME Globex

11,805

10,821

9%

Privately negotiated*

682

679

0%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)




3-Month Period Ending

PRODUCT LINE

Dec-14

Nov-14

Oct-14

Sep-14

Interest Rates

7,445

7,941

8,221

7,181

Equity Indexes

3,114

3,112

3,158

2,586

Foreign Exchange (FX)

959

1,024

937

797

Energy

1,797

1,757

1,609

1,562

Agricultural Commodities

1,173

1,205

1,127

1,058

Metals

361

373

312

308

     Total

14,848

15,411

15,364

13,493






VENUE

Dec-14

Nov-14

Oct-14

Sep-14

Open outcry

1,218

1,323

1,358

1,208

Electronic

12,982

13,387

13,330

11,627

Privately negotiated*

648

701

676

657

*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

Nov-14

Oct-14

Sep-14

Aug-14

Interest Rates

0.471

0.467

0.473

0.473

Equity Indexes

0.692

0.684

0.687

0.695

Foreign Exchange (FX)

0.746

0.759

0.788

0.830

Energy

1.299

1.302

1.291

1.259

Agricultural Commodities

1.317

1.331

1.362

1.398

Metals

1.677

1.692

1.707

1.709

     Total

0.724

0.705

0.725

0.740

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

 

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SOURCE CME Group

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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