May Equity Index Product Review

Equity Products Performance

 

Product Code

Bloomberg Ticker

May ADV

YTD ADV*

Open Interest

Total

 

 

5,595,840

5,739,266

7,776,178

S&P 500

 

 

3,270,280

3,293,796

6,152,886

Futures

 

 

2,566,221

2,672,709

3,436,439

E-mini

ES

ESA Index

1,596,006

1,653,803

2,762,505

Micro E-mini

MES

HWA Index

931,007

973,992

187,939

Standard

SP

SPA Index

2,621

3,013

40,778

BTIC

EST

STEA Index

32,755

34,665

-  

BTIC+

ES1, ES2

ES1BTIC yyyymmdd Index

-  

1

-  

Dividend Future

SDA, SDI

ASDA, ISDA Index

2,573

3,149

205,516

Total Return Futures

TRI, CTR

SRTA, CTIA Index

583

3,093

234,406

TACO

ESQ

TQA Index

85

170

-  

TACO+

EQ1

EQ1TACO yyyymmdd Index

 

-  

-  

E-mini ESG

ESG

SLBA Index

591

823

5,295

Options

 

 

704,059

621,088

2,716,447

E-mini

 

 

678,384

598,771

2,632,621

End-Of-Month

EW

SCA Index

93,183

89,875

304,875

Quarterlies

ES

ESA Index

117,386

106,220

1,424,919

Weekly (M, W, F)

EW1 - EW4

1EA-4EA Index

467,815

402,675

902,827

Micro E-mini

 

 

8,023

6,666

26,127

End-Of-Month

EX

HWOA Index

1,973

1,636

3,915

Quarterlies

MES

HWAA Index

4,774

3,817

7,752

Weekly

EX1-EX4

HXS1-HXS4 Index

1,276

1,213

14,460

Standard

 

 

17,653

15,650

57,699

End-Of-Month

EV

EVA Index

2,344

2,231

975

Flex

XP, YP

 

-  

-  

-  

Quarterlies

SP

SPA Index

599

862

17,437

Weekly (M, W, F)

EV1 - EV4

1DA-4DA

14,711

12,557

39,287

NASDAQ

 

 

1,599,869

1,634,738

523,888

Futures

 

 

1,568,114

1,607,977

388,232

E-mini

NQ

NQA Index

525,846

565,811

237,309

Micro E-mini

MNQ

HWB Index

1,039,172

1,038,229

150,923

BTIC

NQT

QNTA Index

3,096

3,936

-  

Options

 

 

31,755

26,761

135,656

E-mini

 

 

29,183

25,401

130,079

Micro E-mini

 

 

2572

1,360

5,577

End-Of-Month

MQE

HIWA Index

417

217

2,764

Quarterlies

MNQ

HWBA Index

1,510

829

2,210

Weekly

MQ1-MQ4

HWY1-HWY4 Index

645

314

603

DOW JONES

 

 

293,663

322,757

127,604

Futures

 

 

293,573

322,677

125,991

E-mini

YM

DMA Index

171,154

183,572

100,650

Micro E-mini

MYM

HWI Index

121,643

138,132

150,923

BTIC

YMT

YMTA Index

775

973

-  

Options

 

 

90

80

1,613

E-mini

 

 

90

80

1,613

Russell 2000

 

 

328,960

376,656

552,600

Futures

 

 

324,015

371,179

517,313

E-mini

RTY

RTYA Index

174,579

199,763

462,598

Micro E-mini

M2K

HWR Index

146,995

167,985

54,715

BTIC

RLT

RLBA Index

2,441

3,431

-  

Options

 

 

4,946

5,477

25,948

E-mini

 

 

4,946

5,477

25,948

S&P 400 - MIDCAP

 

 

10,687

12,049

45,123

Futures

 

 

10,687

12,049

45,123

E-mini

ME

FAA Index

10,687

12,049

45,123

INTERNATIONAL

 

 

34,503

38,121

57,103

Futures

 

 

34,503

38,121

57,103

Nikkei 225

ENY, N1, NK

YMEA, NXA, NHA Index

34,450

38,044

56,712

Ibovespa

IBV

IBAA Index

4

10

46

TOPIX

TPY

TPYA Index

48

67

345

SECTORS

 

 

9,094

14,217

217,859

Futures

 

 

9,094

14,217

217,859

Comm. Srvcs.

XAZ

XASA Index

153

205

3,847

Cons. Discr.

XAY

IXYA Index

477

636

4,556

Cons. Staples

XAP

IXRA Index

728

1,223

14,924

Energy

XAE

IXPA Index

1,830

2,290

32,404

Financial

XAF

IXAA Index

1,301

2,961

52,668

Health Care

XAV

IXCA Index

571

818

14,040

Industrial

XAI

IXIA Index

704

1,142

20,022

Materials

XAB

IXDA Index

441

554

8,782

Real Estate

XAR

XARA Index

274

310

11,221

Technology

XAK

IXTA Index

555

695

10,018

Utilities

XAU

IXSA Index

759

1,214

13,353

Dow Jones Real Estate

JR

DJEA Index

1,271

2,136

31,931

Nasdaq Biotech

BQ

DBA Index

30

33

93

Russell 1000

 

 

809

1,687

46,391

Futures

 

 

809

1,687

46,391

Russell 1000

RS1

RSYA Index

197

336

9,445

Russell 1000 Growth

RSG

RGYA Index

190

217

4,653

Russell 1000 Value

RSV

RVYA Index

422

1,133

32,293

Cryptocurrency

 

 

47,975

45,245

52,724

Futures

 

 

47,975

45,245

52,724

Bitcoin

BTC

BTCA Curncy

11,613

12,255

8,628

Micro Bitcoin

MBT

BMR Curncy

30,304

30,304

37,511

Ether

ETH

DCRA Curncy

5,895

2,531

3,747

Options

 

 

81

 78

1,419

Bitcoin

BTC

BTCA Curncy

81

78

1,419

*Through May 31, 2021

ADV and open interest

  • Equity Index futures and options volume averaged 5.6M million contracts per day in May 2021 (+7% vs. May 20).
  • Equity Index open interest averaged 8.1 million contracts per day for the month of May 2021 (+10% vs. Apr 21).

Product highlights

Cryptocurrencies:

  • Bitcoin futures and options: May ADV was 11.6K, an increase of 24% vs. April 2021 and open interest averaged 8.6K. Nearly 45.3K Bitcoin options have traded since their launch in early 2020 for a notional value of $4.1B. May average OI was 1.1K, an average daily value of nearly $272M. 
  • Micro Bitcoin futures: Based on the success of the Bitcoin futures and strong client demand, CME Group launched Micro Bitcoin futures on May 3. The new futures are 1/10 of a bitcoin and settled to the CF Bitcoin Reference Rate. Day one volume was over 7.4K, landing within the top five futures launches. May ADV reached 30.3K with a record trading day of 94.8K contracts on May 19. Over 606K contracts have traded since launch and open interest averaged 20.9K throughout the month.
  • Ether futures: CME Group launched Ether futures on February 8, 2021. The contract is cash-settled and based on the regulated CME CF Ether-Dollar Reference Rate. More than 197K CME Ether futures contracts have traded since launch (equivalent to 9.9M ether), with a May ADV of 5,895 (equivalent to 204.8K ether), an increase of 146% compared to April 2021. A record 11,980 contracts were traded on May 19. Please visit the following for further detail:

Equity Index:

  • Micro E-mini futures: Micro E-mini futures continue to be the most successful product launch in CME Group history. Nearly 786M contracts have traded since launch and ADV in May 2021 was 2.2M across the four indices, an increase of 24% vs. Apr-21. In 2021, global participation remains strong with 21% of volume traded during non-US hours before the cash open and participants from over 180 countries.

For more information on the Micro E-mini futures, please click here.

  • Micro E-mini options: CME Group launched Micro E-mini options on the S&P 500 and Nasdaq-100 indices August 31, 2020. Combined contracts traded since launch reached 1.39M in May and a record 5,490 contracts were traded on May 12 for Nasdaq-100. May ADV was a record 10.6K, 8K, and 2.6K for Micro E-mini S&P 500 and Micro E-mini Nasdaq-100, respectively.
  • Nasdaq-100 Volatility Index (VOLQ) futures: CME Group launched the Nasdaq-100 Volatility Index (VOLQ) futures on October 5, 2020. In May, 22 trades occurred from four firms across three different countries. Since launch, trades have occurred in all listed expiries with markets currently quoted across the curve. Please visit the following for further detail:
  • E-mini S&P 500 ESG futures: Environmental, Social, and Governance (ESG) is an investment theme that has continued to gain attention and implementation over the last several years, and the need for capitally-efficient ESG solutions has grown. The S&P 500 ESG futures contracts allows market participants to gain price exposure to an index that closely tracks the performance of the S&P 500, while adhering to ESG principles. In May, ADV averaged 591 (+21% vs. April 2021) and OI averaged 11.1K (+8% vs. April 2021).
  • E-mini S&P Europe 350 ESG futures: Launched May 24, 2021, the new E-mini S&P Europe 350 ESG futures are cash-settled to the S&P Europe 350 ESG index. The index is pan-European, covering developed markets across over 15 different countries. The four largest individual country weights as of April 8, 2021 are UK 23.58%, France 18.08%, Switzerland 17.16%, and Germany 14.90%. The index is based on the robust ESG index methodology, same as the one applied to S&P 500 ESG Index and is right-sized in terms of number of constituents at around 230. The first week of trading in ESG futures saw strong liquidity straight from launch, with markets averaging over 50 contracts up within six ticks during London trading hours. Please visit the following for further detail:
  • FTSE 100 Adjusted Interest Rate (AIR) Total Return futures: CME Group announced plans to launch AIR Total Return futures on the FTSE 100 Index ‒ coming June 7 ‒ pending regulatory approval. The new futures will give total return exposure with an overnight floating rate built in using SONIA as the financing reference rate. To learn more, please visit the following:
  • S&P 500 Annual Dividend futures: Listed in 2015, Dividend futures provide market participants with efficient tools to hedge a view on the US dividend market. May 2021 ADV was 2.6K ($37.9M notional) up 42% vs. May 2020, and OI averaged 194K ($2.9B notional) up 33% vs. May 2020.

Equity Index Products

Explore CME Group's suite of Equity Index products on U.S. and International Indices, Select Sectors, and Options on Futures.

Learn More

Read More Reports

Review previous months' equity reports over the last year.

View Archived Reports

Read: The rise in Nasdaq-100 options on futures

Learn how and why E-mini and Micro E-mini Nasdaq-100 options volumes are surging.

Read the article

Read: Hedging with water futures

Learn how to start hedging water price risk with Nasdaq Veles California Water Index futures (H2O).

Read the article

Watch: Three Factors in Bitcoin

Erik Norland, Senior Economist at CME Group, explains how bitcoin performance could depend on three factors, including transaction costs.

Watch the video

Webinar: The rise of crypto derivatives

CME Group and other crypto experts discuss recent trends in the crypto derivatives market plus the challenges and opportunities that come with the continued adoption of bitcoin.

Watch the replay