News Release

CME Group Reached Average Daily Volume of 16.5 Million Contracts in May 2017, up 11 Percent from May 2016

Fri Jun 02 2017

CHICAGO, June 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that May 2017 average daily volume (ADV) reached 16.5 million contracts, up 11 percent from May 2016.  CME Group May 2017 options volume averaged 3.4 million contracts per day, up 21 percent versus May 2016, with electronic options averaging 2.1 million contracts per day, up 36 percent over the same period last year.  Open interest at the end of May was 123 million contracts, up 9 percent from the end of May 2016.

Interest rate volume averaged 8.9 million contracts per day in May 2017, up 20 percent from May 2016.  Highlights include:

  • Grew Eurodollar futures and options ADV 15 percent to 3.8 million contracts, including Eurodollar options ADV of 1.4 million contracts, up 25 percent, with 34 percent of these trades executed electronically, a monthly record
  • Increased Treasury futures and options ADV 21 percent to 4.9 million contracts, including 37 percent growth in Treasury options ADV, with 78 percent traded electronically
  • Reached several consecutive records in overall Interest Rates open interest peaking at 78 million contracts on May 25
  • Hit record open interest in Eurodollars and Treasuries, peaking at 60 million contracts and 17 million contracts, respectively
  • Increased Ultra 10-Year Treasury Note futures and options open interest to a record 393,000 contracts on May 25

Energy volume averaged 2.7 million contracts per day in May 2017, up 20 percent from May 2016.  Highlights include:

  • Grew WTI Crude Oil futures and options ADV 25 percent to 1.5 million contracts, including WTI Crude Oil options growth of 45 percent to 263,000 contracts
  • Increased Natural Gas futures and options ADV 26 percent to 587,000 contracts, with 32 percent growth in electronic Natural Gas futures and options ADV
  • Grew Refined Products futures and options ADV 5 percent to 393,000 contracts
  • Reached Gasoline futures ADV of 200,000 contracts
  • Achieved Henry Hub Natural Gas options ADV of 124,000 contracts, up 46 percent

Foreign Exchange volume averaged 823,000 contracts per day in May 2017, up 15 percent from May 2016.  Highlights include:

  • Increased Japanese Yen futures and options ADV 35 percent to 157,000 contracts
  • Reached Euro FX futures and options ADV of 203,000 contracts, up 11 percent
  • Grew British Pound futures and options ADV 6 percent to 110,000 contracts
  • Increased ADV of Emerging Market currency pairs futures and options, with Indian Rupee up 222 percent, South African Rand up 144 percent, Russian Ruble up 133 percent and Brazilian Real up 16 percent

Metals volume averaged 540,000 contracts per day in May 2017, up 13 percent from May 2016.  Highlights include:

  • Grew Gold futures and options ADV 3 percent to 334,000 contracts
  • Increased Silver futures and options ADV 52 percent to 94,000 contracts
  • Achieved 17 percent year-over-year growth for base metals for the month, including Copper futures and options, which averaged more than 85,000 contracts per day, up 17 percent from May 2016

Equity Index volume averaged 2.3 million contracts per day in May 2017, down 10 percent from May 2016.  Highlights include:

  • Increased Equity Index options ADV 13 percent to 639,000 contracts
  • Grew May 2017 E-mini S&P 500 options 16 percent to 583,000 contracts, including 58 percent growth in E-mini S&P 500 weekly options and 18 percent growth in E-mini S&P 500 end-of-month (EOM) options
  • Traded an average of 31,000 Monday Weekly S&P 500 options (E-mini and Standard) contracts during the second 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 May

Agricultural volume averaged 1.2 million contracts per day in May 2017, down 16 percent from May 2016.  Highlights include:

  • Grew electronic Livestock futures ADV 56 percent to 159,000 contracts
  • Achieved 51 percent growth in Hard Red Winter Wheat futures and options ADV

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)



May 2017

May 2016


Trading Days

22

21






PRODUCT LINE

May 2017

May 2016

Percent Change

Interest Rates

8,916

7,455

20%

Equity Indexes

2,347

2,602

-10%

Foreign Exchange (FX)

823

716

15%

Energy

2,670

2,234

20%

Agricultural Commodities

1,185

1,416

-16%

Metals

540

479

13%

   Total

16,481

14,903

11%







VENUE

May 2017

May 2016

Percent Change

Open outcry

1,038

1,067

-3%

CME Globex

14,719

13,212

11%

Privately negotiated

724

624

16%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands) 



3-Month Period Ending

PRODUCT LINE

May-17

Apr-17

Mar-17

Feb-17

Interest Rates

8,645

9,142

9,169

8,706

Equity Indexes

2,724

2,802

2,766

2,631

Foreign Exchange (FX)

868

852

894

861

Energy

2,557

2,496

2,496

2,536

Agricultural Commodities

1,272

1,387

1,261

1,235

Metals

525

519

512

466

   Total

16,591

17,198

17,098

16,435






VENUE

May-17

Apr-17

Mar-17

Feb-17

Open outcry

1,261

1,398

1,362

1,276

Electronic

14,572

15,023

14,947

14,355

Privately negotiated

758

777

789

804


Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Apr-17

Mar-17

Feb-17

Jan-17

Interest Rates

0.494

0.492

0.494

0.489

Equity Indexes

0.722

0.718

0.708

0.702

Foreign Exchange (FX)

0.826

0.823

0.822

0.799

Energy

1.125

1.130

1.129

1.104

Agricultural Commodities

1.323

1.334

1.365

1.335

Metals

1.485

1.496

1.501

1.455

   Total

0.736

0.731

0.737

0.722

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

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