News Release

CME Group Reached Average Daily Volume of 14.9 Million Contracts in October 2017, up 14 Percent from October 2016

Thu Nov 02 2017

CHICAGO, Nov. 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that October 2017 average daily volume (ADV) reached 14.9 million contracts, up 14 percent compared with October 2016.  CME Group October 2017 options volume averaged 3.6 million contracts per day, up 44 percent versus October 2016, with electronic options averaging 2.3 million contracts per day, up 50 percent from the same period last year.  Open interest at the end of October was 121 million contracts, up 16 percent from the end of October 2016.

Metals volume averaged 565,000 contracts per day in October 2017, up 46 percent from October 2016.  Highlights include:

  • Gold futures and options ADV was up 54 percent to 345,000 contracts, and Silver futures and options ADV was up 29 percent to 88,000 contracts
  • Copper futures and options achieved 54 percent growth, averaging 110,000 contracts per day, and Aluminum futures and options ADV grew 34 percent
  • Copper options hit an open interest record of 16,400 contracts on October 25, 2017

Interest rate volume averaged 7.6 million contracts per day in October 2017, up 33 percent from October 2016.  Highlights include:

  • Eurodollar futures and options ADV grew 36 percent to 3.9 million contracts, including 82 percent growth in Eurodollar options ADV to 1.5 million contracts, with 36 percent traded electronically
  • Treasury futures and options ADV increased 31 percent to 3.6 million contracts, including 80 percent growth in Treasury options ADV to 839,000 contracts, with 82 percent traded electronically
  • Open interest for 2-Year Treasury Note futures was a record 1.7 million contracts on October 16, 2017
  • Weekly Treasury options ADV was up 39 percent to 131,000 contracts
  • Ultra 10-Year Treasury Note futures and options increased 72 percent to 107,000 contracts, and current open interest increased 73 percent compared with the same period last year

Foreign exchange volume averaged 888,000 contracts per day in October 2017, up 15 percent from October 2016.  Highlights include:

  • Euro FX futures and options reached ADV of 253,000 contracts, up 36 percent
  • Japanese Yen futures and options ADV increased 36 percent to 168,000 contracts
  • FX options achieved 27 percent ADV growth, and 29 percent growth for electronic FX options contracts
  • Emerging market currency pairs futures and options saw increased ADV, with Indian Rupee up 381 percent, South African Rand up 106 percent, Brazilian Real up 51 percent, Swiss Franc up 17 percent and Australian Dollar up 15 percent

Energy volume averaged 2.4 million contracts per day in October 2017, down 1 percent from October 2016.  Highlights include:

  • WTI Crude Oil futures ADV grew 4 percent to 1.2 million contracts, and hit open interest record of 2.9 million contracts on October 31, 2017
  • Electronic Natural Gas futures and options ADV increased 4 percent to 553,000 contracts
  • Natural Gas options achieved 13 percent growth in ADV to 129,000 contracts
  • Heating Oil futures and options ADV grew 15 percent to 177,000 contracts and Gasoline futures and options ADV rose 4 percent to 174,000 contracts

Agricultural volume averaged 1.2 million contracts per day in October 2017, down 1 percent from October 2016.  Highlights include:

  • Corn futures and options ADV was up 4 percent to 342,000 contracts
  • Electronic Agricultural options ADV increased 8 percent to 155,000 contracts
  • Livestock futures ADV grew 17 percent to 113,000 contracts
  • Feeder Cattle futures achieved record open interest for of 65,000 contracts on October 27, 2017

Equity Index volume averaged 2.2 million contracts per day in October 2017, down 14 percent from October 2016.  Highlights include:

  • E-mini Nasdaq 100 futures and options ADV grew 13 percent to 263,000 contracts, including 89 percent growth in End of Month (EOM) E-mini Nasdaq 100 options and 38 percent growth in Weekly E-mini Nasdaq 100 options
  • S&P 500 EOM options achieved 54 percent growth and E-mini S&P 500 EOM options saw 38 percent growth.
  • Following CME Group's launch of Russell 2000 futures in July, they averaged 80,000 contracts per day in October  
  • Monday and Wednesday Weekly S&P 500 options (E-mini and Standard) traded an average of 80,000 contracts year to date through October, which accounted for 12 percent of total Equity Index options ADV during the same timeframe

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)



Oct 2017

Oct 2016


Trading Days

22

21






PRODUCT LINE

Oct 2017

Oct 2016

Percent Change

Interest Rates

7,624

5,719

33%

Equity Indexes

2,241

2,601

-14%

Foreign Exchange (FX)

888

771

15%

Energy

2,395

2,409

-1%

Agricultural Commodities

1,176

1,192

-1%

Metals

565

386

46%

   Total

14,890

13,078

14%










VENUE



Oct 2017

Oct 2016

P Percent Change

Open outcry



1,159

806

44%

CME Globex



13,173

11,678

13%

Privately negotiated



557

595

-6%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)



3-Month Period Ending

PRODUCT LINE

Oct-17

Sep-17

Aug-17

July-17

Interest Rates

7,844

7,424

7,199

7,590

Equity Indexes

2,658

2,624

2,665

2,548

Foreign Exchange (FX)

976

971

898

901

Energy

2,617

2,693

2,695

2,653

Agricultural Commodities

1,231

1,381

1,580

1,517

Metals

615

611

563

533

   Total

15,942

15,704

15,600

15,742






VENUE

Oct-17

Sep-17

Aug-17

Jul-17

Open outcry

1,025

889

858

923

Electronic

14,349

14,264

14,139

14,149

Privately negotiated

568

552

603

671

 

Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Sep-17

Aug-17

Jul-17

Jun-17

Interest Rates

0.485

0.490

0.489

0.491

Equity Indexes

0.738

0.734

0.740

0.731

Foreign Exchange (FX)

0.796

0.801

0.803

0.807

Energy

1.072

1.062

1.100

1.096

Agricultural Commodities

1.251

1.269

1.275

1.300

Metals

1.376

1.420

1.459

1.449

   Total

0.749

0.761

0.759

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.  Through its exchanges, CME Group offers 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.  CME Group provides electronic trading globally on its CME Globex platform.  The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through CME Clearing.  CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners.

CME-G

 

SOURCE CME Group

Media Contacts: Chris Grams, 312.930.3435; Alex Rapoport, 312.930.3193; Investor Contact: John Peschier, 312.930.8491, CME-G, news@cmegroup.com, www.cmegroup.com/media-room.html

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