CHICAGO, April 2, 2019 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, reached
average daily volume (ADV) of 19.1 million contracts during
March 2019, compared to 20.8 million
contracts in March 2018. In addition,
total daily exchange trading volume surpassed 20 million contracts
on each of the final six trading days in March. Open interest (OI)
at the end of March 2019 was 126
million contracts, up 9% from year-end 2018 and unchanged from
March 2018. First-quarter 2019 ADV
marked the third-highest quarterly ADV ever with 18.6 million
contracts, down from a record 22.2 million contracts in the first
quarter of 2018.
Interest Rate volume averaged 10.4 million contracts per
day in March 2019, down 3% from
March 2018. Highlights include:
- SOFR futures OI reached a record 151,000 contracts on
March 20 and record daily volume of
83,000 contracts on March 22
- Record SOFR futures ADV of 38,500 contracts, up 23% compared to
last month
- Record volume of 17.8 million Eurodollar options contracts
traded during the final week of March
- U.S. Treasury futures and options ADV increased 9% to 4.9
million contracts
- Eurodollar options averaged 1.8 million contracts per day, up
5%
- Fed Fund futures ADV rose 4% to 301,000 contracts
- Ultra 10-year U.S. Treasury Note futures and options ADV grew
22% to 205,000 contracts
- Ultra U.S. Treasury Bond futures and options ADV increased 10%
to 146,000 contracts
Options volume averaged 4.1 million contracts per day in
March 2019, down 3% from March 2018. Highlights include:
- Interest Rate options ADV grew 12% to 2.9 million
contracts
- Metals options ADV increased 33% to 71,000 contracts
Foreign Exchange volume averaged 1 million contracts per
day in March 2019, down 7% from
March 2018. Highlights include:
- Record Mexican peso OI of 325,000 contracts on March 15
- Record Mexican peso futures ADV of 88,600 contracts, up 13%
from March 2018
- Record FX Link daily volume of 26,000 contracts, equivalent to
$2.9 billion in notional value, on
March 7
- British pound futures and options ADV grew 11% to 171,000
contracts
- Mexican peso futures and options ADV rose 13% to 89,000
contracts
- Swiss franc futures and options ADV grew 6% to 33,000
contracts
- New Zealand dollar futures and
options ADV rose 2% to 31,000 contracts
- Brazilian real futures and options ADV were up 50% to 8,000
contracts
- Russian ruble futures and options ADV increased 19% to 6,800
contracts
Energy volume averaged 2.2 million contracts per day in
March 2019, down 8% from March 2018. Highlights include:
- Refined Products futures and options ADV grew 7% to 414,000
contracts
- Gasoline futures and options ADV rose 26% to 245,000
contracts
Metals volume averaged 592,000 contracts per day in
March 2019, down 13% from
March 2018. Highlights
include:
- Record Copper options OI of 68,000 contracts on March 25
- Precious metals options ADV rose 29% to 68,000 contracts
- Gold options ADV increased 33% to 62,000 contracts
- Platinum futures and options ADV grew 12% to 30,000
contracts
Agricultural volume averaged 1.4 million contracts per day
in March 2019, down 13% from
March 2018. Highlights include:
- Record Corn futures daily volume of 1.1 million contracts on
March 29
- Record Live Cattle futures OI of 455,000 contracts on
March 22
- Record Lean Hog futures and options ADV of 82,000 futures and
26,000 options contracts respectively
- Livestock futures ADV rose 24% to 184,000 contracts
- Lean Hog futures and options ADV grew 65% to 108,000
contracts
Equity Index volume averaged 3.5 million contracts per day
in March 2019, down 21 % from
March 2018. Highlights include:
- E-Mini Russell 2000 futures and options ADV rose 5% to 199,000
contracts
- S&P 500 End-of-Month options ADV grew 7% to 6,800
contracts
- S&P 500 Total Return Index futures and options ADV rose 79%
to 3,200 contracts
BrokerTec European Repo average daily notional value
increased 7% to €286.8 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)
|
|
|
Mar
2019
|
Mar
2018
|
|
Trading
Days
|
21
|
21
|
|
|
|
|
|
PRODUCT
LINE
|
Mar
2019
|
Mar
2018
|
Percent
Change
|
Interest
Rates
|
10,403
|
10,713
|
-3%
|
Equity
Indexes
|
3,499
|
4,410
|
-21%
|
Foreign Exchange
(FX)
|
1,042
|
1,120
|
-7%
|
Energy
|
2,175
|
2,352
|
-8%
|
Agricultural
Commodities
|
1,350
|
1,546
|
-13%
|
Metals
|
592
|
683
|
-13%
|
Total
|
19,061
|
20,824
|
-8%
|
|
|
|
VENUE
|
Mar
2019
|
Mar
2018
|
Percent Change
|
Open
outcry
|
1,329
|
1,395
|
-5%
|
CME Globex
|
16,979
|
18,710
|
-9%
|
Privately
negotiated
|
753
|
719
|
5%
|
QUARTERLY
AVERAGE DAILY VOLUME (ADV)
|
|
Total Exchange
ADV
(in
thousands)
|
|
|
1Q
2019
|
1Q
2018
|
|
Trading
Days
|
61
|
61
|
|
|
|
|
|
PRODUCT
LINE
|
1Q
2019
|
1Q
2018
|
Percent
Change
|
Interest
Rates
|
10,313
|
11,948
|
-14%
|
Equity
Indexes
|
3,161
|
4,096
|
-23%
|
Foreign Exchange
(FX)
|
885
|
1,100
|
-20%
|
Energy
|
2,331
|
2,754
|
-15%
|
Agricultural
Commodities
|
1,381
|
1,593
|
-13%
|
Metals
|
561
|
713
|
-21%
|
Total
|
18,633
|
22,204
|
-16%
|
|
|
|
|
|
|
VENUE
|
1Q
2019
|
1Q
2018
|
Percent
Change
|
Open
outcry
|
1,284
|
1,556
|
-18%
|
CME Globex
|
16,576
|
19,796
|
-16%
|
Privately
negotiated
|
773
|
851
|
-9%
|
ROLLING
THREE-MONTH AVERAGES
|
Average Daily
Volume (In thousands)
|
|
|
3-Month Period
Ending
|
PRODUCT
LINE
|
Mar-19
|
Feb-19
|
Jan-19
|
Dec-18
|
Interest
Rates
|
10,313
|
10,256
|
10,575
|
10,919
|
Equity
Indexes
|
3,161
|
3,699
|
4,004
|
4,511
|
Foreign Exchange
(FX)
|
885
|
877
|
921
|
942
|
Energy
|
2,331
|
2,389
|
2,658
|
2,665
|
Agricultural
Commodities
|
1,381
|
1,280
|
1,203
|
1,248
|
Metals
|
561
|
510
|
544
|
547
|
Total
|
18,633
|
19,010
|
19,905
|
20,831
|
|
|
|
|
|
VENUE
|
Mar-19
|
Feb-19
|
Jan-19
|
Dec-18
|
Open
outcry
|
1,284
|
1,224
|
1,178
|
1,128
|
Electronic
|
16,576
|
17,030
|
17,996
|
19,024
|
Privately
negotiated
|
773
|
756
|
731
|
680
|
Average Rate
Per Contract (In dollars)
|
|
|
3-Month Period
Ending
|
PRODUCT
LINE
|
Feb-19
|
Jan-19
|
Dec-18
|
Nov-18
|
Interest
Rates
|
0.486
|
0.479
|
0.475
|
0.476
|
Equity
Indexes
|
0.742
|
0.731
|
0.715
|
0.723
|
Foreign Exchange
(FX)
|
0.769
|
0.745
|
0.720
|
0.711
|
Energy
|
1.173
|
1.160
|
1.150
|
1.143
|
Agricultural
Commodities
|
1.264
|
1.277
|
1.261
|
1.248
|
Metals
|
1.484
|
1.465
|
1.428
|
1.394
|
Total
|
0.714
|
0.708
|
0.697
|
0.705
|
BrokerTec Fixed Income and EBS Foreign Exchange Average Daily
Notional Value
(in billion USD unless otherwise stated, single count)
PRODUCT
LINE
|
Mar
2018
|
Mar
2019
|
YoY %
Change
|
Feb
2019
|
MoM %
Change
|
U.S.
Treasury1
|
188.9
|
176.6
|
-6%
|
155.6
|
13%
|
U.S. Repo
|
264.8
|
261.5
|
-1%
|
246.3
|
6%
|
European Repo (in EUR
billions)
|
268.4
|
286.8
|
7%
|
270.5
|
6%
|
Spot FX
|
92.7
|
83.0
|
-10%
|
73.9
|
12%
|
|
|
|
|
|
|
|
|
12 Month ended
March 31
|
|
PRODUCT LINE
|
|
2018
|
2019
|
%
Change
|
|
U.S.
Treasury
|
|
167.7
|
165.3
|
-1%
|
|
U.S.
Repo
|
|
240.8
|
236.7
|
-2%
|
|
European Repo
(in EUR billions)
|
|
237.6
|
262.7
|
11%
|
|
Spot
FX
|
|
86.4
|
85.5
|
-1%
|
|
|
[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.
|
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 rates, equity
indexes, foreign exchange, energy, agricultural
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
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SOURCE CME Group