News Release

CME Group Reached Average Daily Volume of 16.3 Million Contracts in April 2017, up 18 Percent from April 2016

Tue May 02 2017

CHICAGO, May 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that April 2017 average daily volume (ADV) reached 16.3 million contracts, up 18 percent from April 2016.  CME Group April 2017 options volume averaged 4 million contracts per day, up 52 percent versus April 2016, with electronic options averaging 2.4 million contracts per day, up 53 percent over the same period last year.  Open interest at the end of April was 121 million contracts, up 10 percent from the end of April 2016.

Interest rate volume averaged 8.3 million contracts per day in April 2017, up 50 percent from April 2016.  Highlights include:

  • Grew Eurodollar futures and options ADV 57 percent to 4.5 million contracts, this includes Eurodollar options ADV of 1.8 million contracts, up 98 percent; the proportion of these trades executed electronically reached 32 percent, a monthly record
  • Increased Treasury futures and options ADV 40 percent to 3.6 million contracts, including 93 percent growth in Treasury options ADV, the second highest monthly ADV, with a record 81 percent traded electronically
  • Reached record level of Large Open Interest Holders (LOIH) of 1,837 in Interest Rate futures as of April 11, 2017, up 11 percent from the 2016 annual average of 1,649
  • Increased Ultra 10-Year Treasury Note Futures open interest to nearly 350,000 contracts, including more than 61 large open interest holders with positions of at least 2,000 contracts each

Metals volume averaged 548,000 contracts per day in April 2017, up 25 percent from April 2016.  Highlights include:

  • Grew Gold futures and options ADV 30 percent to 289,000 contracts
  • Increased Silver futures ADV 18 percent to 112,000 contracts
  • Achieved 24 percent year-over-year growth for base metals for the month, including Copper futures and options, which averaged nearly 120,000 contracts per day, up 24 percent from April 2016

Energy volume averaged 2.5 million contracts per day in April 2017, up 3 percent from April 2016.  Highlights include:

  • Grew WTI Crude Oil futures and options ADV 1 percent to 1.4 million contracts, including WTI Crude Oil options growth of 14 percent to 224,000 contracts
  • Increased Natural Gas futures and options ADV 4 percent to 566,000 contracts, with 6 percent growth in electronic Natural Gas futures and options ADV
  • Grew Refined Products futures and options ADV 7 percent to 379,000 contracts
  • Reached Gasoline futures and options ADV of 202,000 contracts, up 16 percent
  • Achieved Henry Hub Natural Gas options ADV of 115,000 contracts, up 26 percent

Foreign Exchange volume averaged 788,000 contracts per day in April 2017, up 2 percent from April 2016.  Highlights include:

  • Increased Japanese Yen futures and options ADV 11 percent to 163,000 contracts
  • Grew British Pound futures and options ADV 4 percent to 109,000 contracts
  • Increased ADV of Emerging Market currency pairs futures and options, with South African Rand up 364 percent, Russian Ruble up 66 percent and Brazilian Real up 11 percent

Equity Index volume averaged 2.6 million contracts per day in April 2017, down 4 percent from April 2016.  Highlights include:

  • Increased Equity Index options ADV 27 percent to 692,000 contracts
  • Grew April 2017 E-mini S&P 500 options 31 percent to 638,000 contracts, including 185 percent growth in E-mini S&P 500 weekly options and 25 percent growth in E-mini S&P 500 end-of-month (EOM) options
  • Traded more than 615,000 Monday Weekly S&P 500 options (E-mini and Standard) contracts in just one month since their April 3 launch; the recently launched Monday and Wednesday Weekly S&P 500 options (E-mini and Standard) made up 12 percent of the total Equity Index options ADV in April

Agricultural volume averaged 1.6 million contracts per day in April 2017, down 19 percent from April 2016.  Highlights include:

  • Achieved 29 percent growth in Hard Red Winter Wheat futures and options ADV
  • Grew Live Cattle futures and options ADV 19 percent, and reached Live Cattle futures open interest record of 428,233 contracts on April 28, 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)






Apr 2017


Apr 2016



Trading Days

19


21









PRODUCT LINE

Apr 2017


Apr 2016


Percent Change

Interest Rates

8,264


5,525


50%

Equity Indexes

2,597


2,696


-4%

Foreign Exchange (FX)

788


771


2%

Energy

2,539


2,463


3%

Agricultural Commodities

1,564


1,941


-19%

Metals

548


440


25%

   Total

16,301


13,836


18%







VENUE

Apr 2017


Apr 2016


Percent Change

Open outcry

1,371


933


47%

CME Globex

14,154


12,332


15%

Privately negotiated

776


570


36%

 

ROLLING THREE-MONTH AVERAGES








Average Daily Volume (In thousands) 









3-Month Period Ending

PRODUCT LINE

Apr-17


Mar-17


Feb-17


Jan-17

Interest Rates

9,142


9,169


8,706


9,204

Equity Indexes

2,802


2,766


2,631


2,846

Foreign Exchange (FX)

852


894


861


933

Energy

2,496


2,496


2,536


2,630

Agricultural Commodities

1,387


1,261


1,235


1,184

Metals

519


512


466


534

   Total

17,198


17,098


16,435


17,331









VENUE

Apr-17


Mar-17


Feb-17


Jan-17

Open outcry

1,398


1,362


1,276


1,281

Electronic

15,023


14,947


14,355


15,156

Privately negotiated

777


789


804


894



Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Mar-17


Feb-17


Jan-17


Dec-16

Interest Rates

0.492


0.494


0.489


0.491

Equity Indexes

0.718


0.708


0.702


0.691

Foreign Exchange (FX)

0.823


0.822


0.799


0.804

Energy

1.130


1.129


1.104


1.099

Agricultural Commodities

1.334


1.365


1.335


1.336

Metals

1.496


1.501


1.455


1.486

   Total

0.731


0.737


0.722


0.731

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: Alex Gorbokon, 312.930.3139 or Michael Shore, 312.930.2363, news@cmegroup.com, www.cmegroup.com/media-room.html or Investors: John Peschier, 312.930.8491

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