CME Group International Average Daily Volume Reaches Record 7.8 Million Contracts in 2024, Up 14% from 2023

Rhea-AI Summary

CME Group achieved record international average daily volume (ADV) of 7.8 million contracts in 2024, marking a 14% increase from 2023. The growth was driven by significant increases across multiple product categories: Energy (31%), Metals (27%), Agricultural (25%), Interest Rate (12%), and Foreign Exchange (10%).

Regional performance highlights include: EMEA reaching record 5.8 million contracts (up 17%), APAC hitting all-time high of 1.7 million contracts (up 7%), and Canada achieving record 164,000 contracts. Globally, CME Group reported a record ADV of 26.5 million contracts in 2024, up 9% over 2023, with Interest Rate ADV leading at 13.7 million contracts (up 10%).

Positive

• Record international ADV of 7.8 million contracts, up 14% YoY
• Strong growth across all major product categories (Energy +31%, Metals +27%, Agricultural +25%)
• Record global ADV of 26.5 million contracts, up 9% YoY
• Record performance in key regions: EMEA (+17%), APAC (+7%), Canada (multiple product records)

Negative

• None.

Insights

Financial Markets Analyst

The record-breaking performance across CME Group's international markets represents a significant milestone in derivatives trading. The 14% growth in international ADV to 7.8 million contracts demonstrates robust global market participation and increased hedging activity. The standout 31% growth in Energy derivatives particularly reflects heightened volatility in energy markets and growing demand for risk management tools amid geopolitical tensions.

The 17% growth in EMEA volumes to 5.8 million contracts indicates strong European market engagement, while APAC's 7% growth to 1.7 million contracts suggests expanding Asian market influence. The global ADV reaching 26.5 million contracts with a 10% increase in Interest Rate products to 13.7 million contracts reveals increased activity in rate hedging, likely driven by monetary policy shifts and interest rate volatility.

Market Research Analyst

The geographic diversification in CME's growth story is particularly noteworthy. EMEA's exceptional performance in Energy products, up 40%, suggests European traders are actively managing energy price risks, likely influenced by ongoing geopolitical events. The 42% surge in LatAm metals trading indicates growing commodity risk management needs in emerging markets.

Interest Rate derivatives' dominance, comprising over half of global ADV, points to persistent market uncertainty around monetary policy trajectories. The balanced growth across product categories - from Energy to Agricultural futures - demonstrates CME's strong market position across asset classes and validates its strategic focus on international expansion.

• All-time high ADV for Europe, Middle East & Africa (EMEA), Asia Pacific (APAC) and Canada

LONDON and SINGAPORE, Jan. 13, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its international average daily volume (ADV) reached a record 7.8 million contracts in 2024, up 14% from 2023. Reflecting all trading reported outside the United States, this was driven by record growth in Energy up 31%, Metals up 27%, Agricultural up 25%, Interest Rate up 12% and Foreign Exchange products up 10% compared to the same period in 2023.

"We were especially pleased to see so many clients outside the U.S. turning to CME Group to access the markets and trade products they needed to navigate through ongoing economic and geopolitical uncertainty last year," said Julie Winkler, Senior Managing Director and Chief Commercial Officer, CME Group. "Looking ahead, risk management will remain essential in 2025, and we are focused on helping our clients to manage risk and unlock opportunities."

In 2024, EMEA ADV hit a record 5.8 million contracts, up 17% from 2023. This was driven by new ADV records in Energy up 40%, Agricultural up 31%, Metals up 24%, Interest Rate up 14% and Foreign Exchange products up 12% year on year.

APAC ADV grew to an all-time high of 1.7 million contracts in 2024, up 7% from 2023.  The region saw new ADV records in Agricultural up 16%, as well as Interest Rate and Foreign Exchange products, both up 3%.

Canada ADV achieved a record 164,000 contracts in 2024, with ADV records in Energy, Agricultural and Interest Rate products up 26%, 14% and 10% respectively year on year.

LatAm ADV reached 174,000 contracts in 2024. ADV of Metals and Foreign Exchange products in the region were up 42% and 19%.

Globally, CME Group reported a record ADV of 26.5 million contracts in 2024, up 9% over 2023. This was largely driven by record growth in Interest Rate ADV, up 10% to a record 13.7 million contracts. Metals, Agricultural and Foreign Exchange products also saw record growth, up 23%, 13% and 8% respectively.

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 average daily trading volume in 2024?

CME Group's international average daily volume reached a record 7.8 million contracts in 2024, representing a 14% increase from 2023.

How did CME Group's different product categories perform in 2024?

In 2024, CME Group saw growth across all major products: Energy up 31%, Metals up 27%, Agricultural up 25%, Interest Rate up 12%, and Foreign Exchange up 10%.

What was CME's performance in the EMEA region for 2024?

EMEA achieved a record ADV of 5.8 million contracts in 2024, up 17% from 2023, with strong growth across all product categories.

How much was CME Group's global average daily volume in 2024?

CME Group reported a record global ADV of 26.5 million contracts in 2024, representing a 9% increase over 2023.

What was CME Group's strongest performing product category globally in 2024?

Interest Rate products were CME Group's strongest performer, reaching a record ADV of 13.7 million contracts, up 10% from 2023.