News Release

CME Group Averaged 17.5 Million Contracts Per Day in September 2018, Up 3% from September 2017

Tue Oct 02 2018

CHICAGO, Oct. 2, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 17.5 million contracts per day during September 2018, up 3 percent from September 2017. Open interest at the end of September was 120 million contracts, up 6 percent from September 2017 and up 11 percent from year-end 2017. Third-quarter 2018 ADV reached 15.6 million contracts, down 1 percent from third-quarter 2017.

Agricultural volume averaged 1.3 million contracts per day in the third quarter of 2018, down 2 percent from third-quarter 2017. Highlights include:

  • Wheat futures and options ADV rose 26 percent to 146,000 contracts in September 2018, and grew 14 percent to 189,000 contracts during third-quarter 2018
  • Agricultural volume averaged 1.3 million contracts per day in September, up 12 percent from September 2017
  • Corn futures and options ADV grew 24 percent to 383,000 contracts
  • Livestock futures ADV grew 11 percent to 156,000 contracts

Equity Index volume averaged 2.7 million contracts per day in the third quarter of 2018, up 2 percent from third-quarter 2017. Highlights include:

  • Equity Index volume averaged 3.4 million contracts per day in September 2018, up 9 percent from September 2017
  • E-mini S&P 500 futures and options ADV increased 3 percent to 2.3 million contracts
  • E-mini Nasdaq-100 futures and options ADV grew 44 percent to 505,000 contracts in September, and rose 21 percent during third-quarter 2018 to 396,000 contracts
  • E-mini Russell 2000 futures and options ADV grew 17 percent to 187,000 contracts in September, and more than doubled during third-quarter 2018 to 128,000 contracts
  • E-mini Dow futures and options ADV increased 39 percent to 186,000 contracts in September, and grew 28 percent during third-quarter 2018 to 156,000 contracts

Interest Rate volume averaged 7.8 million contracts per day in the third quarter of 2018, up 5 percent from third-quarter 2017. Highlights include:

  • Interest Rate volume averaged 8.6 million contracts in September 2018, up 5 percent from September 2017
  • Ultra 10-year U.S. Treasury Note futures and options ADV grew 34 percent to 161,000 contracts in third-quarter 2018
  • Ultra U.S. Treasury Bond futures and options ADV increased 26 percent to 167,000 contracts in third-quarter 2018
  • U.S. Treasury futures and options ADV increased 10 percent during third-quarter 2018 to 4.4 million contracts, and grew 8 percent to 4.1 million contracts in September
  • Eurodollar futures ADV increased 6 percent to 2.9 million contracts
  • Fed Fund futures ADV rose 6 percent to 216,000 contracts 

Energy volume averaged 2.2 million contracts per day in the third quarter of 2018, down 18 percent from third-quarter 2017. Highlights include:

  • Energy volume averaged 2.5 million contracts per day in September 2018, down 6 percent from September 2017
  • Henry Hub Natural Gas futures reached an all-time high open interest of 1.66 million contracts on September 18
  • Natural Gas futures and options ADV increased 15 percent to 668,000 in September, with electronic Natural Gas futures and options ADV growing 22 percent to 590,000 contracts
  • Henry Hub Natural Gas futures and options ADV rose 15 percent to 666,000 contracts
  • Heating Oil futures and options ADV increased 1 percent to 183,000 contracts
  • WTI Crude Oil options ADV grew 14 percent to 181,000 contracts

Metals volume averaged 623,000 contracts per day in the third quarter of 2018, up 2 percent from third-quarter 2017. Highlights include: 

  • Metals volume averaged 598,000 contracts per day in September 2018, down 9 percent from September 2017
  • Copper futures and options ADV grew 24 percent to 138,000 contracts during third-quarter 2018, and increased 8 percent to 126,000 contracts
  • Platinum futures and options ADV rose 12 percent during third-quarter 2018 to 22,000 contracts, and grew 16 percent to 31,000 contracts in September
  • Silver futures and options ADV increased 2 percent to 95,000 contracts

Foreign Exchange volume averaged 944,000 contracts per day in the third quarter of 2018, down 3 percent from third-quarter 2017. Highlights include:

  • Foreign Exchange volume averaged 1.1 million contracts per day in September 2018, down 10 percent from September 2017
  • Euro FX futures and options ADV increased 4 percent to 296,000 contracts during third-quarter 2018, and rose 5 percent to 357,000 contracts in September
  • British pound futures and options ADV grew 4 percent in third-quarter 2018 to 137,000 contracts
  • ADV in numerous emerging markets currencies increased during September 2018, with Indian rupee futures and options ADV up 64 percent, Brazilian real futures and options ADV up 52 percent, Russian ruble futures and options ADV up 24 percent and Mexican peso futures and options ADV up 4 percent

Options volume averaged 3.1 million contracts per day in the third quarter of 2018, down 2 percent from third-quarter 2017. Highlights include:

  • Options volume averaged 3.5 million contracts per day in September 2018, down 2 percent from September 2017
  • Energy options ADV increased 10 percent to 316,000 contracts
  • Agricultural options ADV grew 8 percent to 235,000 contracts
  • Metals options ADV rose 10 percent in third-quarter 2018 to 59,000 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)



Sep 2018

Sep 2017


Trading Days

19

20






PRODUCT LINE

Sep 2018

Sep 2017

Percent Change

Interest Rates

8,597

8,190

5%

Equity Indexes

3,375

3,083

9%

Foreign Exchange (FX)

1,132

1,256

-10%

Energy

2,514

2,664

-6%

Agricultural Commodities

1,255

1,123

12%

Metals

598

660

-9%

   Total

17,472

16,977

3%






 

VENUE

      Sep 2018

Sep 2017

Percent Change

Open outcry

1,048

1,078

-3%

CME Globex

15,730

15,276

3%

Privately negotiated

695

623

11%

 

QUARTERLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

(in thousands)



3Q 2018

3Q 2017


Trading Days

63

63






PRODUCT LINE

3Q 2018

3Q 2017

Percent Change

Interest Rates

7,798

7,424

5%

Equity Indexes

2,671

2,624

2%

Foreign Exchange (FX)

944

971

-3%

Energy

2,199

2,693

-18%

Agricultural Commodities

1,348

1,381

-2%

Metals

623

611

2%

   Total

15,584

15,704

-1%






 

VENUE

       3Q 2018

3Q 2017

Percent Change

Open outcry

938

889

6%

CME Globex

14,082

14,264

-1%

Privately negotiated

564

552

2%

 

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 



3-Month Period Ending

PRODUCT LINE

Sep-18

Aug-18

Jul-18

Jun-18

Interest Rates

7,798

7,700

8,703

9,200

Equity Indexes

2,671

2,645

2,735

3,086

Foreign Exchange (FX)

944

961

1,037

1,035

Energy

2,199

2,229

2,492

2,630

Agricultural Commodities

1,348

1,584

1,592

1,734

Metals

623

644

661

674

   Total

15,584

15,762

17,220

18,359






VENUE

Sep-18

Aug-18

Jul-18

Jun-18

Open outcry

938

937

992

1,066

Electronic

14,082

14,270

15,615

16,644

Privately negotiated

564

555

613

649

 

Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Aug-18

Jul-18

Jun-18

May-18

Interest Rates

0.491

0.487

0.491

0.478

Equity Indexes

0.780

0.799

0.797

0.785

Foreign Exchange (FX)

0.738

0.733

0.741

0.759

Energy

1.181

1.161

1.142

1.148

Agricultural Commodities

1.269

1.268

1.274

1.267

Metals

1.398

1.392

1.403

1.395

   Total

0.767

0.756

0.757

0.733

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform.  CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives.  CME Group 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 and Chicago 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

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