News Release

CME Group Averaged 18.4 Million Contracts Per Day in Second Quarter of 2018, Up 12 Percent from Second Quarter of 2017

Tue Jul 03 2018

CHICAGO, July 3, 2018 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 18.4 million contracts during the second quarter of 2018, up 12 percent from the second quarter of 2017. June 2018 ADV reached 17.8 million contracts, up 8 percent from June 2017. Open interest at the end of June was 115 million contracts, an increase of 2 percent from the end of June 2017, and up 6 percent from year-end 2017. 

Metals volume averaged 674,000 contracts per day in the second quarter of 2018, up 27 percent from the second quarter of 2017. Highlights include:

  • Gold futures and options ADV grew 29 percent to 383,000 contracts
  • Copper futures and options ADV increased 43 percent to 146,000 contracts
  • Silver futures and options ADV rose 7 percent to 115,000 contracts
  • Record daily volume for Platinum futures of 58,000 contracts on June 22

Foreign Exchange volume averaged 1 million contracts per day in the second quarter of 2018, up 18 percent from the second quarter of 2017. Highlights include:

  • Euro FX futures and options ADV grew 40 percent to 336,000 contracts, and Euro FX options reached all-time high open interest of 632,000 contracts on June 14
  • British pound futures and options ADV increased 4 percent to 137,000 contracts
  • Australian dollar futures and options ADV grew 21 percent to 115,000 contracts
  • Canadian dollar futures and options ADV rose 12 percent to 96,000 contracts
  • Mexican peso futures and options ADV grew 40 percent to 74,000 contracts

Agricultural volume averaged a record 1.7 million contracts per day in the second quarter of 2018, up 16 percent from the second quarter of 2017. Highlights include:

  • Record monthly ADV of 2 million contracts in June, up 15 percent year over year
  • Record Corn futures and options ADV of 724,000 contracts in June; record 597,000 contracts averaged during the second quarter
  • Grain and Oilseed futures and options ADV increased 18 percent to 1.6 million contracts during the second quarter
  • Soybean futures and options ADV grew 34 percent to 373,000 contracts; Soybean Meal and Soybean Oil futures and options ADV grew 34 percent and 11 percent respectively
  • Wheat futures and options ADV increased 9 percent to 213,000 contracts with Hard Red Winter Wheat futures and options ADV growing 10 percent to 71,000 contracts

Equity Index volume averaged 3.1 million contracts per day in the second quarter of 2018, up 14 percent from the second quarter of 2017. Highlights include:

  • E-mini S&P 500 futures and options ADV increased 3 percent to 2.2 million contracts
  • E-mini NASDAQ 100 futures and options ADV grew 37 percent to 418,000 contracts
  • E-mini Dow futures and options averaged 226,000 contracts per day, up 63 percent

Interest Rate volume averaged 9.2 million contracts per day in the second quarter of 2018, up 12 percent from the second quarter of 2017. Highlights include:

  • Treasury futures and options ADV increased 23 percent to 4.9 million contracts, including 23 percent growth in Treasury futures to 4 million contracts and 25 percent growth in Treasury options to 898,000 contracts
  • Eurodollar futures ADV rose 9 percent to 2.8 million contracts
  • Fed Fund futures ADV grew 27 percent to 277,000 contracts
  • Ultra 10-Year U.S. Treasury Note futures and options ADV rose 74 percent to 178,000 contracts
  • Ultra U.S. Treasury Bond futures and options ADV increased 40 percent to 172,000 contracts

Energy volume averaged 2.6 million contracts per day in the second quarter of 2018, in line with the second quarter of 2017. Highlights include:

  • Crude Oil futures and options ADV increased 8 percent to 1.7 million contracts
  • WTI Crude Oil futures ADV grew 11 percent to 1.4 million contracts
  • Refined products futures and options ADV rose 6 percent to 409,000 contracts
  • Gasoline futures ADV grew 1 percent to 205,000 contracts
  • Heating Oil futures and options ADV increased 13 percent to 190,000 contracts

Options volume averaged 3.5 million contracts per day in the second quarter of 2018, down 2 percent from the second quarter of 2017.  Highlights include:

  • Record monthly ADV for Agricultural options of 393,000 contracts, up 24 percent, and included record electronic options ADV of 304,000 contracts, up 28 percent
  • Quarterly Agricultural options ADV grew 24 percent to 327,000 contracts, including a 28 percent increase in electronic options to a record 252,000 contracts
  • Metals options ADV rose 23 percent to 57,000 contracts
  • June 2018 options ADV increased 4 percent to 3.5 million contracts, with Interest Rate options monthly ADV growing 10 percent to 2.2 million 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

QUARTERLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



2Q 2018

2Q 2017


Trading Days

64

63






PRODUCT LINE

2Q 2018

2Q 2017

Percent Change

Interest Rates

9,200

8,210

12%

Equity Indexes

3,086

2,707

14%

Foreign Exchange (FX)

1,035

879

18%

Energy

2,630

2,632

0%

Agricultural Commodities

1,734

1,491

16%

Metals

674

533

27%

   Total

18,359

16,453

12%





VENUE

 2Q 2018

2Q 2017

Percent Change

Open outcry

1,066

1,115

-4%

CME Globex

16,644

14,582

14%

Privately negotiated

649

756

-14%

 

MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



Jun 2018

Jun 2017


Trading Days

21

22






PRODUCT LINE

Jun 2018

Jun 2017

Percent Change

Interest Rates

8,216

7,457

10%

Equity Indexes

3,226

3,162

2%

Foreign Exchange (FX)

1,167

1,014

15%

Energy

2,576

2,674

-4%

Agricultural Commodities

1,994

1,735

15%

Metals

666

512

30%

   Total

17,845

16,555

8%





VENUE

 Jun 2018

Jun 2017

Percent Change

Open outcry

1,035

970

7%

CME Globex

16,156

14,816

9%

Privately negotiated

653

769

-15%

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands) 



3-Month Period Ending



PRODUCT LINE

Jun-18

May-18

Apr-18

Mar-18

Interest Rates

9,200

10,019

11,253

11,948

Equity Indexes

3,086

3,475

4,228

4,096

Foreign Exchange (FX)

1,035

1,019

1,010

1,100

Energy

2,630

2,557

2,583

2,754

Agricultural Commodities

1,734

1,587

1,764

1,593

Metals

674

680

685

713

   Total

18,359

19,337

21,523

22,204






VENUE

Jun-18

May-18

Apr-18

Mar-18

Open outcry

1,066

1,184

1,462

1,556

Electronic

16,644

17,482

19,293

19,796

Privately negotiated

649

671

768

851

 

Average Rate Per Contract (In dollars)



3-Month Period Ending



PRODUCT LINE

May-18

Apr-18

Mar-18

Feb-18

Interest Rates

0.478

0.472

0.464

0.476

Equity Indexes

0.785

0.776

0.781

0.796

Foreign Exchange (FX)

0.759

0.755

0.762

0.766

Energy

1.148

1.159

1.140

1.137

Agricultural Commodities

1.267

1.259

1.246

1.246

Metals

1.395

1.397

1.367

1.362

   Total

0.733

0.721

0.706

0.723

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, 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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