News Release

CME Group Averaged 17 Million Contracts Per Day in October 2019

Mon Nov 04 2019

CHICAGO, Nov. 4, 2019 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 17 million contracts during October 2019, down 17% from October 2018.  Open interest (OI) at the end of October was 132 million contracts, up 3% from October 2018, and up 14% from year-end 2018.

Metals volume averaged 633,000 contracts per day in October 2019, up 11% from October 2018. Highlights include:

  • Record Gold futures OI of 659,371 contracts on October 25
  • Gold futures and options ADV increased 29% to 445,000 contracts
  • Silver futures and options ADV rose 4% to 88,000 contracts
  • Copper options ADV grew 23% to 2,500 contracts

Agricultural volume averaged 1.3 million contracts per day in October 2019, up 3% from October 2018. Highlights include:

  • Record Hog options OI of 478,737 contracts on October 15
  • Grain and Oilseeds futures and options ADV rose 4% to 1.1 million contracts
  • Corn futures and options ADV increased 3% to 357,000 contracts
  • Soybean futures ADV grew 19% to 301,000 contracts
  • Hard Red Winter Wheat futures and options ADV increased 16% to 53,000 contracts

Energy volume averaged 2.3 million contracts per day in October 2019, down 9% from October 2018. Highlights include:

  • Refined products futures and options ADV grew 2% to 398,000 contracts
  • Heating Oil futures and options ADV grew 28% to 223,000 contracts
  • Brent Crude Oil futures ADV rose 2% to 103,000 contracts

Foreign Exchange volume averaged 804,000 contracts per day in October 2019, down 11% from October 2018. Highlights include:

  • British pound futures and options ADV increased 33% to 159,000 contracts
  • Canadian dollar futures and options ADV rose 9% to 87,000 contracts

Options volume averaged 3.8 million contracts per day in October 2019, down 15% from October 2018. Highlights include:

  • Agricultural options ADV grew 14% to 219,000 contracts
  • Metals options ADV increased 12% to 70,000 contracts

Interest Rate volume averaged 8.6 million contracts per day in October 2019, down 19% from October 2018.  Highlights include:

  • 2-Year U.S. Treasury Note futures and options ADV increased 30% to 599,000 contracts
  • Electronic Eurodollar options ADV grew 3% to 557,000 contracts
  • Fed Fund futures ADV rose 28% to 358,000 contracts
  • 5-Year U.S. Treasury Note options ADV increased 55% to 217,000 contracts

Equity Index volume averaged 3.4 million contracts per day in October 2019, down 29% from October 2018. Highlights include:

  • Micro E-mini Equity futures ADV increased 9%, sequentially, to 574,000 contracts
  • E-mini Russell 2000 options ADV increased 16% to 3,200 contracts

BrokerTec fixed income trading activity highlights include: 

  • U.S. Repo average daily notional volume increased 3% to $236 billion

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 2019

Oct 2018


Trading Days

23

23






PRODUCT LINE

Oct 2019

Oct 2018

Percent Change

Interest Rates

8,645

10,628

-19%

Equity Indexes

3,380

4,733

-29%

Foreign Exchange (FX)

804

903

-11%

Energy

2,289

2,524

-9%

Agricultural Commodities

1,267

1,229

3%

Metals

633

571

11%

   Total

17,018

20,589

-17%







 

VENUE

      Oct 2019

Oct 2018

P Percent Change

Open outcry

1,003

1,169

-14%

CME Globex

15,355

18,790

-18%

Privately negotiated

659

630

5%

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 


3-Month Period Ending

PRODUCT LINE

Oct-19

Sep-19

Aug-19

Jul-19

Interest Rates

10,771

10,868

11,776

11,804

Equity Indexes

4,102

3,931

3,896

3,645

Foreign Exchange (FX)

889

850

852

852

Energy

2,490

2,456

2,363

2,394

Agricultural Commodities

1,307

1,320

1,589

1,732

Metals

775

821

816

711

   Total

20,334

20,247

21,292

21,138






VENUE

Oct-19

Sep-19

Aug-19

Jul-19

Open outcry

1,147

1,177

1,391

1,488

Electronic

18,393

18,282

18,963

18,735

Privately negotiated

795

788

938

914

Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Sep-19

Aug-19

Jul-19

Jun-19

Interest Rates

0.500

0.488

0.481

0.476

Equity Indexes

0.612

0.627

0.650

0.676

Foreign Exchange (FX)

0.720

0.724

0.721

0.713

Energy

1.137

1.145

1.152

1.139

Agricultural Commodities

1.234

1.232

1.202

1.222

Metals

1.414

1.445

1.459

1.455

   Total

0.693

0.688

0.688

0.693

BrokerTec Fixed Income and EBS Foreign Exchange Average Daily Notional Volume 
(in billion USD unless otherwise stated, single count)

PRODUCT LINE

Oct 2019

Oct 2018

Percent Change

U.S. Treasury1

154.5

201.3

-23%

U.S. Repo

235.8

229.1

3%

European Repo (in EUR billions)

257.8

266.3

-3%

Spot FX

68.9

88.7

-22%


 [1] Volume information includes UST Benchmarks and Agencies. Off-the-Run securities, including T-Bills, are provided pursuant to an agreement with ICAP Securities USA LLC.

BrokerTec Fixed Income and EBS Foreign Exchange 3-Month Trailing Average Revenue (U.S. dollars in millions)2


3-Month Period Ending

BUSINESS LINE

Sep-19

Aug-19

Jul-19

Jun-19

BrokerTec

51.1

49.4

48.9

48.5

EBS

49.6

49.7

48.7

48.6







[2] This data is representative of the subset of legacy NEX Group plc business revenue that flows into the Clearing and Transaction Fees line of the CME Group Income Statement along with revenue generated by CME Group futures and options volume, as well as over-the-counter swaps cleared.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

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. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. 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

Laurie Bischel, 312.648.8698, 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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