News Release

CME Group Reached Average Daily Volume of 18.4 Million Contracts in February 2017

Thu Mar 02 2017

CHICAGO, March 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that February 2017 average daily volume (ADV) reached 18.4 million contracts, down 1 percent from a strong February 2016.  CME Group February 2017 options volume averaged 3.8 million contracts per day, up 9 percent versus February 2016, with electronic options averaging 2.2 million contracts per day, up 17 percent over the same period last year.  Open interest at the end of February was 118 million contracts, up 6 percent from the end of February 2016.

Interest rate volume averaged 10.6 million contracts per day in February 2017, up 9 percent from February 2016, and represented the second highest monthly ADV ever.  Highlights include:

  • Grew Fed Fund futures ADV 163 percent to 334,000 contracts
  • Increased Treasury options ADV 15 percent to 761,000 contracts, including 41 percent growth in weekly Treasury options, with a record 76 percent traded electronically
  • Reached record level of Treasury futures open interest of more than 10.6 million contracts
  • Achieved Eurodollar options ADV of 1.7 million contracts, up 14 percent, with a record 28 percent traded electronically

Agricultural volume averaged 1.5 million contracts per day in February 2017, up 12 percent from February 2016.  Highlights include:

  • Grew Corn futures and options ADV 18 percent to 535,000 contracts
  • Achieved 60 percent and 30 percent growth in Corn and Wheat options, respectively
  • Grew Hard Red Winter Wheat futures and options ADV 27 percent and Soybean Oil futures and options 23 percent

Metals volume averaged 523,000 contracts per day in February 2017, up 7 percent from February 2016.  Highlights include:

  • Increased Copper futures and options 41 percent to 124,000 contracts
  • Reached record open interest of more than 300,000 Copper futures contracts on February 13
  • Grew Silver futures and options ADV 9 percent to 100,000 contracts
  • Achieved 41 percent year-over-year growth for base metals

Energy volume averaged 2.5 million contracts per day in February 2017, down 9 percent from February 2016.  Highlights include:

  • Increased Natural Gas futures and options ADV 18 percent to 633,000 contracts, with 34 percent growth in electronic Natural Gas futures and options ADV
  • Achieved Gasoline futures and options ADV of 238,000 contracts, up 20 percent
  • Grew Brent Crude Oil options ADV and Ethanol futures and options ADV 31 percent and 23 percent, respectively

Foreign exchange volume averaged 764,000 contracts per day in February 2017, down 20 percent from February 2016.  Highlights include:

  • Grew Brazilian Real ADV 36 percent
  • Reached open interest of more than 30,000 contracts in South African Rand futures

Equity index volume averaged 2.5 million contracts per day in February 2017, down 27 percent from February 2016.  Highlights include:

  • Grew E-mini S&P 500 options 16 percent to 668,000 contracts, including 108 percent growth in E-mini S&P 500 weekly options and 81 percent growth in E-mini S&P 500 end-of-month (EOM) options
  • Increased S&P 500 weekly options ADV and S&P 500 EOM options ADV 264 percent and 30 percent, respectively
  • Achieved ADV of 56,000 contracts for S&P 500 and E-mini S&P 500 Wednesday Weekly options, which launched September 26, 2016, up 10 percent sequentially from January 2017

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)



Feb 2017

Feb 2016


Trading Days

19

20






PRODUCT LINE

Feb 2017

Feb 2016

Percent Change

Interest Rates

10,553

9,638

9%

Equity Indexes

2,538

3,481

-27%

Foreign Exchange (FX)

764

954

-20%

Energy

2,490

2,738

-9%

Agricultural Commodities

1,542

1,371

12%

Metals

523

487

7%

   Total

18,410

18,671

-1%





VENUE

Feb 2017

Feb 2016

Percent Change

Open outcry

1,442

1,402

3%

CME Globex

16,188

16,390

-1%

Privately negotiated

779

879

-11%

 


ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 




3-Month Period Ending

PRODUCT LINE

Feb-17

Jan-17

Dec-16

Nov-16

Interest Rates

8,706

9,204

8,300

8,025

Equity Indexes

2,631

2,846

2,875

3,180

Foreign Exchange (FX)

861

933

883

909

Energy

2,536

2,630

2,586

2,541

Agricultural Commodities

1,235

1,184

1,193

1,173

Metals

466

534

488

496

   Total

16,435

17,331

16,325

16,323







VENUE

Feb-17

Jan-17

Dec-16

Nov-16

Open outcry

1,276

1,281

1,130

1,063

Electronic

14,355

15,156

14,375

14,493

Privately negotiated

804

894

820

767

 

Average Rate Per Contract (In dollars)




3-Month Period Ending

PRODUCT LINE

Jan-17

Dec-16

Nov-16

Oct-16

Interest Rates

0.489

0.491

0.496

0.505

Equity Indexes

0.702

0.691

0.682

0.673

Foreign Exchange (FX)

0.799

0.804

0.782

0.806

Energy

1.104

1.099

1.087

1.100

Agricultural Commodities

1.335

1.336

1.338

1.351

Metals

1.455

1.486

1.487

1.537

   Total

0.722

0.731

0.731

0.753

                                                                                                                                   

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: Alex Gorbokon, 312.930.3139; Chris Grams, 312.930.3435; news@cmegroup.com, www.cmegroup.com/media-room.html; Investor Contact, John Peschier, 312.930.8491

Corporate Communications

+1 312 930 3434
Email