- Europe, Middle East and Africa (EMEA)
ADV up 6% in Q1 2024
- Significant commodities volume growth in EMEA and
Asia Pacific
LONDON and SINGAPORE, April 15,
2024 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that its quarterly
international average daily volume (ADV) reached a record 7.4
million contracts in Q1 2024, up 2% year on year. Reflecting
all trading reported from outside the
United States, volume was driven largely by 38% growth in
energy products, a 29% increase in agricultural products, and 7%
growth in metals.
"Market conditions in the first quarter of the year continued to
create a heightened need for risk management as clients worldwide
worked to navigate sustained uncertainty and volatility," said
Derek Sammann, Senior Managing
Director and Global Head of Commodities, Options and International
Markets, CME Group. "Our record Q1 international ADV was
driven by significant increases in commodities volume across EMEA
and Asia Pacific, demonstrating
how our clients turn to these products to hedge price risk."
In Q1 2024, Europe,
Middle East and Africa ADV hit 5.4
million contracts, up 6% from Q1 2023. This was driven by a
strong performance in commodities the region, with energy,
agricultural and metals up 50%, 38% and 9% respectively, compared
to the same period in 2023.
Asia Pacific ADV stood at 1.7 million contracts in Q1
2024. The region saw growth across its range of commodities as
well, with agricultural products up 15% and energy products metals
up 10% and 5% respectively.
Latin America ADV stood at 190,000 contracts in Q1 2024. The
region saw a 19% increase in foreign exchange products, 17% in
metals and 12% in interest rate products.
Canada ADV stood at 168,000 contracts in Q1 2024. This was
driven by a strong performance in energy and agricultural products,
up 50% and 22% year over year.
As the world's leading 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.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group