CHICAGO, July 2, 2019 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, reached
average daily volume (ADV) of 20.9 million contracts during
second-quarter 2019, up 14% from second-quarter 2018 and the
second-highest quarterly volume on record. June 2019 volume averaged 23.1 million contracts
per day, up 29% from June 2018. Open
interest (OI) at the end of June was 141 million contracts, up 22%
from year-end 2018 and up 23% from June
2018.
CME Group reached multiple
quarterly ADV records during Q2. Highlights include: Record
non-U.S. ADV, up 24% to 5.4 million contracts
- Record Agricultural Commodities ADV, up 6% to 1.8 million
contracts
- Record Interest Rate options ADV, up 56% to 3.3 million
contracts
- Record Agricultural options ADV, up 10% to 359,000
contracts
- Record Metals options ADV, up 39% to 78,000
Options volume averaged 5.7 million contracts per day in
June 2019, up 63% from June 2018, and reached its second-highest monthly
ADV ever. Highlights include:
- Record overall daily options volume of 10.8 million contracts
set June 3
- Record 8.8 million Interest Rate options contracts traded on
June 3, including a record 4.8
million traded electronically
- Record Eurodollar options volume of 7 million contracts on
June 3 and record OI of 71 million
contracts on June 13
- Record Interest Rate options monthly ADV of 4.3 million
contracts, up 98%
- Record Metals options ADV of 128,000 contracts, up 117%
- Equity Index options ADV increased 5% to 612,000 contracts
- Energy options ADV grew 4% to 274,000 contracts
Interest Rate volume averaged 12.9 million contracts per day
in June 2019, up 56% from
June 2018. Highlights include:
- Record 1.29 million Fed Fund futures contracts traded on
June 19
- Eurodollar futures and options ADV grew 89% to 7.1 million
contracts
- U.S. Treasury futures and options ADV increased 23% to 5.1
million contracts
- Fed Fund futures ADV rose 112% to 588,000 contracts
- Ultra 10-Year U.S. Treasury Note futures and options ADV grew
50% to 219,000 contracts
- Weekly Treasury options ADV increased 39% to 211,000
contracts
- Ultra U.S. Treasury Bond futures and options ADV increased 11%
to 147,000 contracts
Equity Index volume averaged 3.9 million contracts per day in
June 2019, up 20% from June 2018. Highlights include:
- Micro E-mini equity index futures averaged 437,000 contracts
per day in June, and traded over 18 million contracts in total
volume since their May 6 launch – the
most successful product launch ever at CME Group
- E-mini S&P 500 futures and options ADV increased 6% to 2.4
million contracts
- E-mini Nasdaq-100 futures and options ADV grew 18% to 484,000
contracts
- Nikkei 225 (yen) futures ADV grew 22% to 45,000 contracts
Metals volume averaged a record 801,000 contracts per day in
June 2019, up 20% from June 2018. Highlights include:
- Record Gold options ADV, up 141% to 115,000 contracts
- Record Copper options OI of 68,000 on June 24
- Gold futures and options ADV increased 55% to 506,000
contracts
- Silver futures and options ADV rose 12% to 143,000
contracts
- Copper options ADV rose 111% to 3,300 contracts
Agricultural volume averaged a record 2 million contracts per
day in June 2019, up 1% from
June 2018. Highlights include:
- Record quarterly Corn futures and options ADV, up 30% to
774,000 contracts
- Record Lean Hog options OI of 467,000 contracts on June 17
- Corn futures and options June ADV grew 21% to 875,000
contracts
- Grain and Oilseeds futures and options June ADV rose 1% to 1.8
million contracts
- Livestock futures and options June ADV grew 13% to 170,000
contracts
- Hard Red Winter Wheat futures and options June ADV increased 3%
to 83,000 contracts
Energy volume averaged 2.5 million contracts per day in
June 2019, down 4% from June 2018. Highlights include:
- Natural Gas futures and options ADV rose 13% to 533,000
contracts
- Gasoline futures and options ADV increased 6% to 217,000
contracts
- Brent Crude Oil futures and options ADV rose 14% to 137,000
contracts
Foreign Exchange volume averaged 1.1 million contracts per day
in June 2019, down 9% from
June 2018. Highlights include:
- Japanese yen futures and options ADV rose 7% to 168,000
contracts
- Australian dollar futures and options ADV increased 6% to
131,000 contracts
- Swiss franc futures and options ADV grew 21% to 41,000
contracts
- New Zealand dollar futures and
options ADV rose 17% to 36,000 contracts
BrokerTec fixed income trading activity highlights
include:
- European Repo average daily notional value increased 4% to €279
billion
- U.S. Repo average daily notional value increased 9% to
$252 billion
- U.S. Treasury average daily notional value grew 27% to
$200 billion
Supplemental Disclosure
The Equity Index average rate
per contract (RPC) starting in May will be impacted by the
significant Micro E-mini equity index futures volume, which
launched on May 6. For reference, the Equity Index product
line total volume for May was 93,127,399 contracts, while the Micro
E-mini total volume was 9,299,092, or 10 percent of the
total. The average RPC for the Micro E-mini products in May
was approximately $0.05. For
the full month of June 2019, the
Equity Index product line total volume was 77,405,891 and the Micro
E-mini total volume was 8,734,560.
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)
|
|
|
Jun
2019
|
Jun
2018
|
|
Trading
Days
|
20
|
21
|
|
|
|
|
|
PRODUCT
LINE
|
Jun
2019
|
Jun
2018
|
Percent
Change
|
Interest
Rates
|
12,852
|
8,216
|
56%
|
Equity
Indexes
|
3,870
|
3,226
|
20%
|
Foreign Exchange
(FX)
|
1,065
|
1,167
|
-9%
|
Energy
|
2,477
|
2,576
|
-4%
|
Agricultural
Commodities
|
2,023
|
1,994
|
1%
|
Metals
|
801
|
666
|
20%
|
Total
|
23,089
|
17,845
|
29%
|
|
|
|
|
VENUE
|
Jun 2019
|
Jun
2018
|
Percent
Change
|
Open
outcry
|
1,855
|
1,035
|
79%
|
CME Globex
|
19,948
|
16,156
|
23%
|
Privately
negotiated
|
1,286
|
653
|
97%
|
|
QUARTERLY
AVERAGE DAILY VOLUME (ADV)
|
|
|
|
|
Total Exchange
ADV
(in
thousands)
|
|
|
2Q
2019
|
2Q
2018
|
|
Trading
Days
|
63
|
64
|
|
|
|
|
|
PRODUCT
LINE
|
2Q
2019
|
2Q
2018
|
Percent
Change
|
Interest
Rates
|
11,593
|
9,200
|
26%
|
Equity
Indexes
|
3,480
|
3,086
|
13%
|
Foreign Exchange
(FX)
|
874
|
1,035
|
-15%
|
Energy
|
2,498
|
2,630
|
-5%
|
Agricultural
Commodities
|
1,839
|
1,734
|
-6%
|
Metals
|
633
|
674
|
-6%
|
Total
|
20,918
|
18,359
|
14%
|
|
|
|
|
VENUE
|
2Q
2019
|
2Q
2018
|
Percent
Change
|
Open
outcry
|
1,501
|
1,066
|
41%
|
CME Globex
|
18,505
|
16,644
|
11%
|
Privately
negotiated
|
912
|
649
|
40%
|
ROLLING
THREE-MONTH AVERAGES
|
|
Average Daily
Volume (In thousands)
|
|
|
3-Month Period
Ending
|
PRODUCT
LINE
|
Jun-19
|
May-19
|
Apr-19
|
Mar-19
|
Interest
Rates
|
11,593
|
10,809
|
9,787
|
10,313
|
Equity
Indexes
|
3,480
|
3,364
|
2,837
|
3,161
|
Foreign Exchange
(FX)
|
874
|
870
|
853
|
885
|
Energy
|
2,498
|
2,399
|
2,330
|
2,331
|
Agricultural
Commodities
|
1,839
|
1,621
|
1,556
|
1,381
|
Metals
|
633
|
567
|
549
|
561
|
Total
|
20,918
|
19,630
|
17,912
|
18,633
|
|
|
|
|
|
VENUE
|
Jun-19
|
May-19
|
Apr-19
|
Mar-19
|
Open
outcry
|
1,501
|
1,334
|
1,209
|
1,284
|
Electronic
|
18,505
|
17,553
|
15,986
|
16,576
|
Privately
negotiated
|
912
|
743
|
717
|
773
|
|
|
|
Average Rate
Per Contract (In dollars)
|
|
|
3-Month Period Ending
|
PRODUCT
LINE
|
May-19
|
Apr-19
|
Mar-19
|
Feb-19
|
Interest
Rates
|
0.473
|
0.486
|
0.481
|
0.486
|
Equity
Indexes
|
0.703
|
0.753
|
0.757
|
0.742
|
Foreign Exchange
(FX)
|
0.733
|
0.763
|
0.763
|
0.769
|
Energy
|
1.136
|
1.157
|
1.159
|
1.173
|
Agricultural
Commodities
|
1.219
|
1.253
|
1.246
|
1.264
|
Metals
|
1.462
|
1.487
|
1.488
|
1.484
|
Total
|
0.695
|
0.726
|
0.713
|
0.714
|
BrokerTec Fixed
Income and EBS Foreign Exchange Average Daily Notional
Value
|
(in billion USD
unless otherwise stated, single count)
|
|
|
|
|
PRODUCT
LINE
|
Jun
2018
|
Jun
2019
|
YoY %
Change
|
May
2019
|
MoM %
Change
|
U.S.
Treasury1
|
156.6
|
199.6
|
27%
|
177.6
|
12%
|
U.S. Repo
|
230.1
|
251.6
|
9%
|
263.1
|
-4%
|
European Repo (in EUR
billions)
|
269.7
|
279.6
|
4%
|
286.1
|
-2%
|
Spot FX
|
95.8
|
88.6
|
-7%
|
78.4
|
13%
|
|
|
|
|
|
|
|
|
|
12 Month ended Jun
30
|
PRODUCT
LINE
|
|
2018
|
|
2019
|
|
%
Change
|
|
U.S.
Treasury
|
|
166.7
|
|
167.6
|
|
1%
|
|
U.S. Repo
|
|
243.8
|
|
242.5
|
|
-1%
|
|
European Repo (in EUR
billions)
|
|
247.5
|
|
267.9
|
|
8%
|
|
Spot FX
|
|
89.7
|
|
81.5
|
|
-9%
|
|
|
|
|
|
|
|
|
|
|
|
[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
|
May-19
|
Apr-19
|
Mar-19
|
Feb-19
|
BrokerTec
|
48.4
|
46.9
|
47.6
|
47.3
|
EBS
|
48.5
|
46.2
|
48.9
|
48.3
|
|
[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 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