News Release

CME Group Reached Average Daily Volume of 16 Million Contracts per Day in January 2017

Thu Feb 02 2017

CHICAGO, Feb. 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that January 2017 average daily volume (ADV) reached 16 million contracts per day, down 12 percent from a strong January 2016.  CME Group January 2017 options volume averaged 3.4 million contracts per day, down 19 percent versus January 2016, with electronic options averaging 1.9 million contracts per day, down 5 percent over the same period last year.  Open interest at the end of January was 111 million contracts, up 3 percent from the end of January 2016.

Metals volume averaged 525,000 contracts per day in January 2017, up 30 percent from January 2016.  Highlights include:

  • Grew Gold futures ADV 38 percent to 303,000 contracts
  • Increased Silver futures ADV 40 percent to 71,000 contracts
  • Achieved 23 percent year-over-year growth for base metals for the month

Agricultural volume averaged 1.2 million contracts per day in January 2017, up 3 percent from January 2016.  Highlights include:

  • Achieved 9 percent and 15 percent growth in Soybean Oil and Soybean Meal futures and options, respectively

Energy volume averaged 2.5 million contracts per day in January 2017, down 2 percent from January 2016.  Highlights include:

  • Finished January with record level of WTI Crude Oil futures (CL) open interest of nearly 2.2 million contracts, up 19 percent versus the same period last year
  • Increased Natural Gas futures and options ADV 20 percent to 631,000 contracts
  • Grew Natural Gas Liquids and Plastics, as well as Ethanol, futures and options ADV 45 percent and 34 percent year-over-year, respectively

Foreign exchange volume averaged 920,000 contracts per day in January 2017, down 5 percent from January 2016.  Highlights include:

  • Grew British Pound futures and options ADV 15 percent to 129,000 contracts

Interest rate volume averaged 8.4 million contracts per day in January 2017, down 6 percent from January 2016.  Highlights include:

  • Grew Fed Fund futures ADV 34 percent to 164,000 contracts per day
  • Increased Treasury options ADV 22 percent to 757,000 contracts per day, including 21 percent growth in weekly Treasury options
  • Achieved Eurodollar futures ADV of 1 million contracts across the back 32 quarterly contracts, up 25 percent
  • Reached record level of Large Open Interest Holders (LOIH) for CME Group interest rates tallied in CFTC weekly Commitment of Traders report of 1,756 as of January 24, 2017, up 6 percent from the 2016 annual average of 1,649

Equity index volume averaged 2.5 million contracts per day in January 2017, down 40 percent from January 2016.  Highlights include:

  • More than doubled E-mini S&P 500 weekly options ADV, and grew E-mini S&P 500 end- of-month options by 10 percent, to nearly 90,000 contracts
  • Achieved ADV of 50,000 contracts for S&P 500 and E-mini S&P 500 Wednesday Weekly options, which launched September 26, 2016, up 11 percent sequentially from December 2016
  • Grew participation in CME Group's BTIC functionality, reaching a record single day for E-mini S&P 500 futures on January 23, 2017, with 26,363 contracts

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)

 
 

Jan 2017

Jan 2016

 

Trading Days

20

19

 
       

PRODUCT LINE

Jan 2017

Jan 2016

Percent Change

Interest Rates

8,391

8,935

-6%

Equity Indexes

2,495

4,139

-40%

Foreign Exchange (FX)

920

970

-5%

Energy

2,539

2,597

-2%

Agricultural Commodities

1,166

1,133

3%

Metals

525

405

30%

   Total

16,036

18,179

-12%

       

VENUE

Jan 2017

Jan 2016

Percent Change

Open outcry

1,260

1,954

-36%

CME Globex

13,962

15,382

-9%

Privately negotiated

815

842

-3%

 

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 

 
 

3-Month Period Ending

PRODUCT LINE

Jan-17

Dec-16

Nov-16

Oct-16

Interest Rates

9,204

8,300

8,025

6,445

Equity Indexes

2,846

2,875

3,180

2,882

Foreign Exchange (FX)

933

883

909

786

Energy

2,630

2,586

2,541

2,358

Agricultural Commodities

1,184

1,193

1,173

1,110

Metals

534

488

496

395

   Total

17,331

16,325

16,323

13,975

         

VENUE

Jan-17

Dec-16

Nov-16

Oct-16

Open outcry

1,281

1,130

1,063

847

Electronic

15,156

14,375

14,493

12,508

Privately negotiated

894

820

767

620

 

Average Rate Per Contract (In dollars)

   
 

3-Month Period Ending

PRODUCT LINE

Dec-16

Nov-16

Oct-16

Sep-16

Interest Rates

0.491

0.496

0.505

0.508

Equity Indexes

0.691

0.682

0.673

0.676

Foreign Exchange (FX)

0.804

0.782

0.806

0.806

Energy

1.099

1.087

1.100

1.097

Agricultural Commodities

1.336

1.338

1.351

1.335

Metals

1.486

1.487

1.537

1.542

   Total

0.731

0.731

0.753

0.750

 

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 its clearinghouses CME Clearing and CME Clearing Europe.  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, Chicago Board of Trade, KCBT and Kansas City 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, Michael Shore, 312.930.2363, Chris Grams, 312.930.3435, news@cmegroup.com, www.cmegroup.com/media-room.html, Investor Contact, John Peschier, 312.930.8491

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