News Release

CME Group Reached Average Daily Volume of 14 Million Contracts in July 2017

Wed Aug 02 2017

CHICAGO, Aug. 2, 2017 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that July 2017 average daily volume (ADV) reached 14 million contracts, down 1 percent compared with July 2016.  CME Group July 2017 options volume averaged 2.9 million contracts per day, down 8 percent versus July 2016, with electronic options averaging 2 million contracts per day, up 21 percent over the same period last year.  Open interest at the end of July was 113 million contracts, up 9 percent from the end of July 2016.

Agricultural volume averaged 1.6 million contracts per day in July 2017, up 22 percent from July 2016.  Highlights include:

  • Grew Corn futures and options ADV 34 percent to 582,000 contracts
  • Increased Agricultural options ADV 12 percent to 357,000 contracts
  • Grew Soybean Oil, Soybean Meal and Wheat futures and options ADV 11 percent, 17 percent and 41 percent, respectively
  • Achieved 51 percent growth in Hard Red Winter Wheat futures and options ADV

Foreign Exchange volume averaged 863,000 contracts per day in July 2017, up 19 percent from July 2016.  Highlights include:

  • Reached Euro FX futures and options ADV of 222,000 contracts, up 38 percent
  • Grew Australian Dollar futures and options ADV 6 percent to 98,000 contracts
  • Increased ADV of Emerging Market currency pairs futures and options, with South African Rand up 417 percent, Indian Rupee up 137 percent, Brazilian Real up 37 percent and Russian Ruble up 18 percent

Energy volume averaged 2.6 million contracts per day in July 2017, up 18 percent from July 2016.  Highlights include:

  • Grew WTI Crude Oil futures and options ADV 38 percent to 1.6 million contracts, including WTI Crude Oil futures growth of 46 percent to 1.4 million contracts
  • Increased electronic Natural Gas futures and options ADV 12 percent to 430,000 contracts
  • Grew Refined Products futures and options ADV 16 percent to 401,000 contracts
  • Reached Gasoline futures ADV of 207,000 contracts, up 19 percent
  • Achieved Heating Oil futures and options ADV of 182,000 contracts, up 17 percent

Metals volume averaged 550,000 contracts per day in July 2017, up 9 percent from July 2016.  Highlights include:

  • Grew Gold futures and options ADV 5 percent to 342,000 contracts, including Gold options ADV of 40,000 contracts, up 35 percent
  • Increased Silver futures and options ADV 22 percent to 98,000 contracts
  • Achieved 15 percent growth for base metals, including Copper futures and options, which averaged more than 87,000 contracts per day, up 15 percent
  • Hit record open interest in Copper futures of 319,000 contracts at end of the month

Interest rate volume averaged 6.3 million contracts per day in July 2017, down 8 percent from July 2016.  Highlights include:

  • Increased Treasury futures and options ADV 15 percent to 3.3 million contracts, including 49 percent growth in Treasury options ADV, with a record 81 percent traded electronically
  • Achieved 52 percent growth in Weekly Treasury options ADV
  • Grew electronic Eurodollar options ADV 18 percent to 343,000 contracts, with 41 percent of overall Eurodollar options volume executed electronically, a monthly record
  • Achieved 27 percent growth in Fed Funds futures ADV
  • Increased Ultra 10-Year Treasury Note futures and options 53 percent to 95,000 contracts and reached open interest of 410,000 contracts on July 28, 2017

Equity Index volume averaged 2.1 million contracts per day in July 2017, down 19 percent from July 2016.  Highlights include:

  • Increased Equity Index options ADV 7 percent through July year to date, to 664,000 contracts
  • Grew E-mini Nasdaq 100 futures and options ADV 45 percent to 290,000 contracts
  • Traded an average of 78,000 Monday and Wednesday Weekly S&P 500 options (E-mini and Standard) year to date through July, 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)



Jul 2017

Jul 2016


Trading Days

20

20






PRODUCT LINE

Jul 2017

Jul 2016

Percent Change

Interest Rates

6,279

6,789

-8%

Equity Indexes

2,092

2,569

-19%

Foreign Exchange (FX)

863

724

19%

Energy

2,610

2,207

18%

Agricultural Commodities

1,642

1,342

22%

Metals

550

503

9%

   Total

14,036

14,133

-1%





VENUE

 Jul 2017

Jul 2016

Percent Change

Open outcry

743

1,234

-40%

CME Globex

12,787

12,163

5%

Privately negotiated

505

737

-31%

 

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 



3-Month Period Ending

PRODUCT LINE

July-17

Jun-17

May-17

Apr-17

Interest Rates

7,590

8,210

8,645

9,142

Equity Indexes

2,548

2,707

2,724

2,802

Foreign Exchange (FX)

901

879

868

852

Energy

2,653

2,632

2,557

2,496

Agricultural Commodities

1,517

1,491

1,272

1,387

Metals

533

533

525

519

   Total

15,742

16,453

16,591

17,198






VENUE

Jul-17

Jun-17

May-17

Apr-17

Open outcry

923

1,115

1,261

1,398

Electronic

14,149

14,582

14,572

15,023

Privately negotiated

671

756

758

777

 

Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Jun-17

May-17

Apr-17

Mar-17

Interest Rates

0.491

0.492

0.494

0.492

Equity Indexes

0.731

0.727

0.722

0.718

Foreign Exchange (FX)

0.807

0.808

0.826

0.823

Energy

1.096

1.113

1.125

1.130

Agricultural Commodities

1.300

1.281

1.323

1.334

Metals

1.449

1.459

1.485

1.496

   Total

0.749

0.734

0.736

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

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