CME Group International Average Daily Volume Hits Record 8.8 Million Contracts in Q1 2025, Up 19% Year over Year

Rhea-AI Summary

CME Group achieved record international average daily volume (ADV) of 8.8 million contracts in Q1 2025, marking a 19% increase year-over-year. The growth was driven by strong performance across all asset classes, with notable records in EMEA (6.5M contracts, up 20%), APAC (2M contracts, up 20%), and Canada (196,000 contracts, up 17%).

International quarterly records were set in multiple product categories: Energy and Agricultural products both up 29%, and Foreign Exchange up 14%. Globally, CME Group reported a record quarterly ADV of 29.8 million contracts, representing a 13% year-over-year increase, with record volumes in Interest Rate, Equity Index, Agricultural, Foreign Exchange, and Cryptocurrency products.

Positive

• Record international ADV of 8.8M contracts, up 19% YoY
• Record EMEA ADV of 6.5M contracts, up 20%
• Record APAC ADV of 2M contracts, up 20%
• Strong growth in Energy and Agricultural products, both up 29%
• Global record quarterly ADV of 29.8M contracts, up 13%
• Record volumes across multiple asset classes including Interest Rate, Equity Index, and Cryptocurrency

Negative

• Latin America ADV declined 2% year-over-year

Insights

Capital Markets Analyst

CME Group's record Q1 2025 international trading volumes demonstrate exceptional operational momentum, with international average daily volume (ADV) reaching 8.8 million contracts, up 19% year-over-year. This performance is particularly impressive given its broad-based nature across regions and asset classes.

The most significant growth drivers were Energy and Agricultural products, both up 29%, followed by Foreign Exchange at 14%. Regionally, both EMEA and APAC markets showed identical 20% growth rates, reaching record ADVs of 6.5 million and 2 million contracts respectively. Only Latin America showed a slight 2% decline, though even there, record volumes in certain product categories partly offset the overall regional dip.

For derivatives exchanges like CME, volume growth directly correlates with revenue generation through transaction fees. This 19% international volume growth, coupled with global ADV reaching 29.8 million contracts (up 13%), signals significant revenue momentum. The strength across multiple asset classes indicates CME's platforms are becoming increasingly essential during periods of market uncertainty.

What's most telling is the sustainability of growth across regions, suggesting CME's global diversification strategy is working effectively. The company's dominant market position appears to be strengthening further, with these volumes reflecting increased market share. With economic and geopolitical uncertainties continuing to drive hedging demand, CME remains exceptionally well-positioned to benefit from market participants' need for risk management tools.

• Record Europe, Middle East and Africa (EMEA) ADV of 6.5M, up 20% in Q1 2025
  
  
• Record Asia Pacific (APAC) ADV of 2M, up 20% in Q1 2025

LONDON and SINGAPORE, April 9, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its quarterly international average daily volume (ADV) reached a record 8.8 million contracts in Q1 2025, up 19% year on year. Reflecting all trading reported outside the United States, this quarterly record was driven by growth across all asset classes, as well as record quarterly ADV in EMEA, APAC and Canada. Quarterly international records were achieved in Energy, Agricultural and Foreign Exchange products up 29%, 29% and 14% respectively.

"Amid continued economic and geopolitical uncertainty in Q1, clients turned to CME Group markets in record numbers to manage their risk and unlock trading opportunities," said Julie Winkler, Senior Managing Director and Chief Commercial Officer, CME Group. "The level of growth we are seeing outside of the U.S. across all asset classes demonstrates broad, sustained client demand for our products, and we continue to focus on meeting those client needs around the clock and around the world."

In Q1 2025, EMEA ADV hit a record 6.5 million contracts, up 20% from the same period a year ago. This was driven by record quarterly ADV in Agricultural products up 32%. 

ADV for APAC in Q1 2025 hit 2 million contracts up 20% from the same period last year.  This was driven by growth in Energy products up 31%, Equity Index up 27%, and Agricultural products up 21%.

Canada ADV reached a record 196,000 contracts in Q1 2025, up 17% year on year. There was record ADV in Equity Index, Agricultural and Interest Rate products, up 23%, 20% and 15% respectively.

LatAm ADV reached 185,000 contracts in Q1 2025, down 2% from 2024. Equity Index and Foreign Exchange products hit a record quarterly ADV and were up 31% and 26% respectively.

Globally, CME Group reported a record quarterly ADV of 29.8 million contracts in Q1 2025, up 13% year over year. This was driven by record quarterly growth in various asset classes, with record volume in Interest Rate, Equity Index, Agricultural, Foreign Exchange and Cryptocurrency products.

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

FAQ

What was CME Group's international trading volume in Q1 2025?

CME Group's international average daily volume reached a record 8.8 million contracts in Q1 2025, up 19% year-over-year.

How did CME Group perform in the EMEA region during Q1 2025?

EMEA region hit a record ADV of 6.5 million contracts, up 20% year-over-year, driven by record quarterly ADV in Agricultural products up 32%.

What was CME Group's performance in Asia Pacific for Q1 2025?

APAC region achieved ADV of 2 million contracts, up 20%, driven by growth in Energy (31%), Equity Index (27%), and Agricultural products (21%).

Which asset classes showed the strongest growth for CME Group in Q1 2025?

Energy and Agricultural products both grew 29%, while Foreign Exchange increased 14% internationally.

What was CME Group's global trading volume in Q1 2025?

Globally, CME Group reported a record quarterly ADV of 29.8 million contracts, up 13% year-over-year.