News Release

CME Group Averaged 20.6 Million Contracts Per Day in October 2018, Up 38% from October 2017

Fri Nov 02 2018

CHICAGO, Nov. 2, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 20.6 million contracts per day during October 2018, up 38 percent from October 2017. Open interest at the end of October was 128 million contracts, up 6 percent from October 2017 and up 19 percent from year-end 2017.

Equity Index volume averaged 4.7 million contracts per day in October 2018, up 111 percent from October 2017. Highlights include:

  • Record E-mini Nasdaq-100 futures and options ADV, up 181 percent to 739,000 contracts, including a daily volume record for E-mini Nasdaq-100 futures of 1.15 million contracts on October 11
  • Record E-mini Dow futures daily volume of 697,000 contracts on October 11
  • E-mini S&P 500 futures and options ADV increased 99 percent to 3.3 million contracts, including E-mini S&P 500 futures ADV up 108 percent to 2.3 million contracts
  • E-mini S&P 500 Weekly options rose 72 percent to 513,000 contracts, including Monday and Wednesday Standard and E-mini S&P 500 Weekly options ADV more than doubling to 162,000 contracts
  • E-mini Dow futures ADV increased 216 percent to 309,000 contracts
  • E-mini Russell 2000 futures and options ADV grew 140 percent to 187,000 contracts

Interest Rate volume averaged 10.6 million contracts per day in October 2018, up 39 percent from October 2017. Highlights include:

  • Record U.S. Treasury futures open interest, up 40 percent to 14.1 million contracts at the end of October
  • Record U.S. Treasury options daily volume of 2.6 million contracts on October 4
  • Record U.S. 30-Year Bond electronic options ADV, which more than doubled to 171,000 contracts
  • U.S. Treasury futures and options ADV increased 59 percent to 5.7 million contracts, including U.S. Treasury futures ADV up 61 percent to 4.4 million contracts
  • Eurodollar futures and options ADV grew 19 percent to 4.6 million contracts, including Eurodollar futures electronic ADV up 34 percent to 3.1 million contracts
  • Fed Fund futures ADV rose 108 percent to 279,000 contracts 
  • Ultra 10-year U.S. Treasury Note futures and options ADV grew 66 percent to 178,000 contracts
  • Ultra U.S. Treasury Bond futures and options ADV increased 65 percent to 172,000 contracts

Options volume averaged 4.5 million contracts per day in October 2018, up 25 percent from October 2017. Highlights include:

  • Electronic options ADV grew 39 percent to 3.1 million contracts
  • Interest Rate options ADV increased 16 percent to 2.7 million contracts
  • Equity Index options ADV rose 70 percent to 1.1 million contracts
  • Energy options grew 23 percent to 345,000 contracts
  • Metals options ADV increased 42 percent to 62,000 contracts

Energy volume averaged 2.5 million contracts per day in October 2018, up 5 percent from October 2017. Highlights include:

  • Record Henry Hub Natural Gas futures open interest of 1.7 million contracts on October 4
  • Henry Hub Natural Gas futures and options ADV rose 9 percent to 694,000 contracts  
  • Electronic Natural Gas futures and options ADV increased 12 percent to 620,000 contracts
  • Gasoline futures and options ADV grew 19 percent to 205,000 contracts
  • WTI Crude Oil options ADV increased 38 percent to 196,000 contracts
  • Brent Crude Oil futures and options ADV rose 60 percent to 122,000 contracts

Agricultural volume averaged 1.2 million contracts per day in October 2018, up 4 percent from October 2017. Highlights include:

  • Corn futures and options ADV grew 2 percent to 348,000 contracts
  • Wheat futures and options ADV rose 12 percent to 136,000 contracts
  • Livestock futures ADV grew 10 percent to 125,000 contracts
  • Hard Red Winter Wheat futures and options rose 33 percent to 46,000 contracts

Foreign Exchange volume averaged 903,000 contracts per day in October 2018, up 2 percent from October 2017. Highlights include:

  • Euro FX futures and options ADV increased 5 percent to 265,000 contracts  
  • Canadian dollar futures and options ADV grew 1 percent to 80,000 contracts
  • ADV in numerous emerging-market currencies increased during October 2018, with Indian rupee futures and options ADV up 126 percent, Russian ruble futures and options ADV up 73 percent and Mexican peso futures and options ADV up 22 percent

Metals volume averaged 571,000 contracts per day in October 2018, up 1 percent from October 2017. Highlights include: 

  • Record Copper options open interest of 37,000 contracts on October 24
  • Base Metals futures and options ADV rose 6 percent to 117,000
  • Copper futures and options ADV grew 5 percent to 116,000 contracts
  • Gold options ADV grew 43 percent to 54,000 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)



Oct 2018

Oct 2017


Trading Days

23

22






PRODUCT LINE

Oct 2018

Oct 2017

Percent Change

Interest Rates

10,628

7,624

39%

Equity Indexes

4,733

2,241

111%

Foreign Exchange (FX)

903

888

2%

Energy

2,524

2,395

5%

Agricultural Commodities

1,229

1,176

4%

Metals

571

565

1%

   Total

20,589

14,890

38%





VENUE

      Oct 2018

Oct 2017

Percent Change

Open outcry

1,169

1,159

1%

CME Globex

18,790

13,173

43%

Privately negotiated

630

557

13%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands) 



3-Month Period Ending

PRODUCT LINE

Oct-18

Sep-18

Aug-18

Jul-18

Interest Rates

9,332

7,798

7,700

8,703

Equity Indexes

3,501

2,671

2,645

2,735

Foreign Exchange (FX)

963

944

961

1,037

Energy

2,318

2,199

2,229

2,492

Agricultural Commodities

1,306

1,348

1,584

1,592

Metals

598

623

644

661

   Total

18,018

15,584

15,762

17,220






VENUE

Oct-18

Sep-18

Aug-18

Jul-18

Open outcry

1,050

938

937

992

Electronic

16,356

14,082

14,270

15,615

Privately negotiated

612

564

555

613

 

Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Sep-18

Aug-18

Jul-18

Jun-18

Interest Rates

0.493

0.491

0.487

0.491

Equity Indexes

0.761

0.780

0.799

0.797

Foreign Exchange (FX)

0.743

0.738

0.733

0.741

Energy

1.187

1.181

1.161

1.142

Agricultural Commodities

1.258

1.269

1.268

1.274

Metals

1.379

1.398

1.392

1.403

   Total

0.753

0.767

0.756

0.757

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

Media Contacts, Chris Grams, 312.930.3435, Liz Mannebach, 312.338.2610, news@cmegroup.com, www.cmegroup.com/media-room.html, Investor Contact, John Peschier, 312.930.8491

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