News Release

CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015, up 10 percent versus First-Quarter 2014, Representing Second-Highest Quarterly Volume Ever

Thu Apr 02 2015

CHICAGO, April 2, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that March 2015 volume averaged 13.7 million contracts per day, down 3 percent from March 2014. Total volume for March 2015 was 302 million contracts, of which 88 percent was traded electronically. Options volume in March averaged 2.6 million contracts per day, up 2 percent versus March 2014, with electronic options growing 12 percent over the same period.

CME Group interest rate volume averaged 6.5 million contracts per day in March 2015, down 8 percent compared with March 2014. Eurodollar futures volume averaged 2.6 million contracts per day, down 6 percent from the same period a year ago. Eurodollar options volume averaged 959,000 contracts per day, up 5 percent from March last year. Treasury futures volume averaged 2.4 million contracts per day, down 13 percent compared with March 2014. Treasury options volume averaged 481,000 contracts per day, down 20 percent from the same period last year.  

CME Group foreign exchange (FX) volume averaged 1.1 million contracts per day, up 27 percent from March 2014.  The average daily notional value of FX contracts traded in March was $112 billion. CME Group equity index volume in March 2015 averaged 2.8 million contracts per day, down 12 percent from the same period a year ago.   

CME Group agricultural commodities volume averaged 1.1 million contracts per day in March 2015, down 1 percent compared with the prior-year period. CME Group energy volume averaged 1.9 million contracts per day, up 28 percent from March 2014. CME Group metals volume averaged 365,000 contracts per day, down 4 percent compared with the prior March.

In March 2015, CME Group cleared $161 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  Month-end OTC interest rate swap open interest was $24.5 trillion, which represents 66 percent of clients' total cleared OTC interest rate swap open interest. Average daily trade count for the month was 2,391.

First-quarter 2015 volume averaged 15.0 million contracts per day, up 10 percent from first-quarter 2014, and represented the second highest quarterly volume ever. Record energy volume grew 26 percent compared with first-quarter 2014, and FX average daily volume grew 17 percent. Other quarterly highlights include record overall options average daily volume of 2.8 million contracts, record FX options average daily volume of 96,000 contracts, and record average daily volumes for WTI Crude oil, Brent Crude Oil, Heating Oil and Gasoline. 

Guidance

CME Group receives dividends from BM&F BOVESPA (BVMF) associated with the company's 5 percent ownership stake. BVMF declared a regular cash dividend on March 5, 2015, with a second-quarter ex-dividend date. As a result, similar to prior years, CME Group will not receive a BVMF dividend in first-quarter 2015 and will record two dividends in the second quarter.  Based on current exchange rates, the first of these dividends will total approximately $3.6 million, while details related to the second dividend have yet to be announced. 

MONTHLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)



Mar 2015

Mar 2014


Trading Days

22

21






PRODUCT LINE

Mar 2015

Mar 2014

Percent Change

Interest Rates

6,467

7,036

-8%

Equity Indexes

2,833

3,228

-12%

Foreign Exchange (FX)

1,087

855

27%

Energy

1,859

1,452

28%

Agricultural Commodities

1,096

1,109

-1%

Metals

365

382

-4%

     Total

13,706

14,062

-3%





VENUE


Mar 2015

Mar 2014

Percent Change

Open outcry


1,136

1,194

-5%

CME Globex


12,004

12,116

-1%

Privately negotiated*


567

752

-25%

 


 QUARTERLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)



Q1 2015

Q1 2014


Trading Days

61

61






PRODUCT LINE

Q1 2015

Q1 2014

Percent Change

Interest Rates

7,564

6,725

12%

Equity Indexes

2,772

2,891

-4%

Foreign Exchange (FX)

954

817

17%

Energy

2,142

1,705

26%

Agricultural Commodities

1,189

1,167

2%

Metals

369

355

4%

     Total

14,990

13,659

10%





VENUE


Q1 2015

Q1 2014

Percent Change

Open outcry


1,291

1,179

10%

CME Globex


13,034

11,703

11%

Privately negotiated*


665

778

-15%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)



3-Month Period Ending



PRODUCT LINE

Mar-15

Feb-15

Jan-15

Dec-14

Interest Rates

7,564

7,621

6,862

7,445

Equity Indexes

2,772

2,858

2,791

3,114

Foreign Exchange (FX)

954

907

961

959

Energy

2,142

2,091

1,939

1,797

Agricultural Commodities

1,189

1,139

1,127

1,173

Metals

369

343

389

361

     Total

14,990

14,959

14,069

14,848






VENUE

Mar-15

Feb-15

Jan-15

Dec-14

Open outcry

1,291

1,290

1,152

1,218

Electronic

13,034

12,991

12,263

12,982

Privately negotiated

665

679

654

648

 

Average Rate Per Contract (In dollars)



3-Month Period Ending



PRODUCT LINE

Feb-15

Jan-15

Dec-14

Nov-14

Interest Rates

0.475

0.474

0.472

0.471

Equity Indexes

0.709

0.711

0.697

0.692

Foreign Exchange (FX)

0.815

0.789

0.760

0.746

Energy

1.254

1.272

1.279

1.299

Agricultural Commodities

1.344

1.331

1.321

1.317

Metals

1.659

1.660

1.664

1.677

     Total

0.743

0.754

0.731

0.724

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

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