News Release

CME Group Reached Average Daily Volume of 15 Million Contracts per Day in September 2016, up 6 Percent from September 2015

Tue Oct 04 2016

CHICAGO, Oct. 4, 2016 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015.  CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 percent versus September 2015, with electronic options averaging 1.7 million contracts per day, up 22 percent over the same period last year.  Third-quarter 2016 volume averaged 14.3 million contracts per day, flat compared with a strong third-quarter 2015.  CME Group year-to-date 2016 ADV through September averaged 15.4 million contracts per day, up 8 percent.  Total open interest at the end of third-quarter 2016 was 103 million contracts, up 12 percent from year-end 2015.  During the quarter, CME Group reached open interest approaching record levels, peaking at 111.2 million contracts on September 15, 2016. 

Metals volume averaged 383,000 contracts per day in September 2016, up 30 percent from September 2015.  Highlights include:

  • Grew Gold futures and options ADV 34 percent to 225,000 contracts
  • Increased Silver futures and options ADV 58 percent to 68,000 contracts

Energy volume averaged 2.4 million contracts per day in September 2016, up 25 percent from September 2015.  Highlights include:

  • Achieved 31 percent growth in ADV across Natural Gas futures and options products, driven primarily by electronic Natural Gas futures and options ADV of 405,000 contracts, up 44 percent
  • Increased Natural Gas options ADV 40 percent to 105,000 contracts
  • Grew WTI Crude Oil futures ADV 46 percent to 1.2 million contracts
  • Achieved record electronic trading levels of WTI options, hitting 80 percent electronic, and September 2016 electronic WTI options ADV of 146,000 contracts grew 37 percent compared with September 2015
  • Reached record RBOB ADV of 223,000 contracts, up 58 percent from September 2015

Interest rate volume averaged 6.5 million contracts per day in September 2016, up 5 percent from September 2015.  Highlights include:

  • Grew Fed Fund futures ADV 24 percent to 179,000 contracts per day and hit a new open interest high with more than 1.15 million contracts on September 30, 2016
  • Reached record quarterly electronic trading level for Treasury options at 73 percent in third-quarter 2016, up from 69 percent during the prior quarter, and achieved 25 percent growth in weekly Treasury options ADV
  • Achieved new high for Ultra 10-Year Futures, reaching ADV of 72,000 contracts in third-quarter 2016, up from 61,000 in second-quarter 2016

Equity index volume averaged 3.8 million contracts per day in September 2016, up 3 percent from September 2015.  Highlights include:

  • Grew E-mini S&P 500 end-of-month options ADV 128 percent to a record 117,000 contracts and E-mini S&P 500 weekly options ADV 99 percent to 358,000 contracts
  • Achieved record monthly volume for E-mini Nasdaq-100 end-of-month options of 51,000 contracts
  • Record quarterly participation in CME Group's BTIC functionality with over 343,000 contracts traded

Foreign exchange volume averaged 969,000 contracts per day in September 2016, up 2 percent from September 2015.  Highlights include:

  • Grew British Pound futures and options ADV 18 percent to 130,000 contracts
  • Increased ADV of Emerging Market currency pairs futures and options, with Russian Ruble up 179 percent, Mexican Peso up 51 percent and Brazilian Real up 31 percent

Agricultural volume averaged 964,000 contracts per day in September 2016, down 9 percent from September 2015.  Highlights include:

  • Grew Hard Red Winter Wheat futures and options ADV 30 percent and 21 percent respectively

Guidance

At the end of July 2016, CME Group announced the equity member subscription rate program.  It offers all current and potential equity members the option to substitute a monthly subscription fee for their existing requirement to hold CME Group Class A common stock.  Choosing to pay this fee in lieu of holding Class A shares is entirely voluntary.  This program is in early stages; CME Group anticipates approximately $150,000 of revenue to be booked in Other Revenue for third-quarter 2016.

Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html

MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



Sep 2016

Sep 2015


Trading Days

21

21






PRODUCT LINE

Sep 2016

Sep 2015

Percent Change

Interest Rates

6,508

6,196

5%

Equity Indexes

3,761

3,664

3%

Foreign Exchange (FX)

969

947

2%

Energy

2,440

1,948

25%

Agricultural Commodities

964

1,060

-9%

Metals

383

295

30%

   Total

15,025

14,110

6%







VENUE

Sep 2016

Sep 2015

Percent Change

Open outcry

942

1,054

-11%

CME Globex

13,424

12,296

9%

Privately negotiated

659

760

-13%













QUARTERLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



Q3 2016

Q3 2015


Trading Days

64

64






PRODUCT LINE

Q3 2016

Q3 2015

Percent Change

Interest Rates

6,791

6,658

2%

Equity Indexes

2,876

3,287

-12%

Foreign Exchange (FX)

772

855

-10%

Energy

2,294

1,965

17%

Agricultural Commodities

1,156

1,267

-9%

Metals

431

353

22%

     Total

14,319

14,384

0%







VENUE

  Q3 2016

Q3 2015

Percent Change

Open outcry

982

1,110

-12%

CME Globex

12,672

12,620

0%

Privately negotiated

665

653

2%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands) 




3-Month Period Ending

PRODUCT LINE

Sep-16

Aug-16

Jul-16

Jun-16

Interest Rates

6,791

7,062

7,197

6,776

Equity Indexes

2,876

2,816

2,920

2,957

Foreign Exchange (FX)

772

791

824

838

Energy

2,294

2,239

2,238

2,322

Agricultural Commodities

1,156

1,437

1,529

1,722

Metals

431

464

488

468

   Total

14,319

14,809

15,196

15,082






VENUE

Sep-16

Aug-16

Jul-16

Jun-16

Open outcry

982

1,075

1,173

1,075

Electronic

12,672

13,038

13,318

13,355

Privately negotiated

665

697

705

651






Average Rate Per Contract (In dollars)




3-Month Period Ending

PRODUCT LINE

Aug-16

Jul-16

Jun-16

May-16

Interest Rates

0.504

0.499

0.496

0.500

Equity Indexes

0.693

0.708

0.709

0.710

Foreign Exchange (FX)

0.806

0.804

0.798

0.808

Energy

1.125

1.145

1.168

1.184

Agricultural Commodities

1.326

1.294

1.291

1.287

Metals

1.557

1.567

1.562

1.584

   Total

0.763

0.765

0.782

0.786

 

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 products and metals.  Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London.  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 and over-the-counter derivatives.  CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.

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.  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, Chris Grams, 312.930.3435, Alex Gorbokon, 312.930.3193, news@cmegroup.com, www.cmegroup.mediaroom.com; Investor Contact, John Peschier, 312.930.8491

Corporate Communications

+1 312 930 3434
Email