CME Group Reports 20% ADV Growth in July 2022

Rhea-AI Summary

CME Group reported a 20% growth in average daily volume (ADV) for July 2022, reaching 20.4 million contracts. The increase was driven by significant growth in Equity Index contracts, which saw a 40% rise, notably in micro and E-mini contracts. Additional highlights include record open interest for SOFR options and futures on July 29, with a total of 8.7 million and 7.3 million contracts, respectively. Other asset classes like Foreign Exchange and Interest Rate also experienced notable increases, enhancing CME Group's position in the derivatives market.

Positive

• 20% increase in ADV to 20.4 million contracts in July 2022.
• 40% growth in Equity Index ADV, driven by micro and E-mini contracts.
• Record open interest for SOFR options and futures on July 29, with 8.7 million and 7.3 million contracts respectively.
• 30% increase in Foreign Exchange ADV.
• 16% increase in Interest Rate ADV.

Negative

• None.

• 40% growth in Equity Index ADV, driven by micro and E-mini contracts
• Record SOFR options and futures OI on July 29

CHICAGO, August 2, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its July 2022 market statistics, showing average daily volume (ADV) increased 20% to 20.4 million contracts during the month. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

July 2022 ADV across asset classes includes:

     • Interest Rate ADV of 9 million contracts
     • Equity Index ADV of 6.7 million contracts
     • Options ADV of 3.6 million contracts
     • Energy ADV of 1.9 million contracts
     • Agricultural ADV of 1.3 million contracts
     • Foreign Exchange ADV of 959,000 contracts
     • Metals ADV of 553,000 contracts

Additional July 2022 product highlights compared to July 2021 include:

      • Equity Index ADV increased 40%
        ° Micro E-mini S&P 500 futures ADV increased 81%
        ° Micro E-mini Nasdaq-100 futures ADV increased 61%
        ° E-mini S&P 500 options ADV increased 49%
        ° E-mini Nasdaq-100 options ADV increased 44%
        ° Micro E-mini Dow Jones futures ADV increased 34%
        ° E-mini Nasdaq-100 futures ADV increased 22%

     • Foreign Exchange ADV increased 30%
        ° E-mini Euro FX futures ADV increased 81%
        ° Canadian Dollar futures ADV increased 17%

     • Interest Rate ADV increased 16%
        ° Record SOFR options open interest (OI) of 8,735,423 contracts on July 29
        ° Record SOFR futures OI of 7,298,956 contracts on July 29
        ° 20 trading days when SOFR futures daily volume surpassed Eurodollar futures, with SOFR futures ADV in July equivalent to 139% of Eurodollar futures ADV in the same period
        ° 30-Day Fed Fund futures ADV increased 360%
        ° 5-Year U.S. Treasury Note options ADV increased 74%
        ° 2-Year U.S. Treasury Note futures ADV increased 64%
        ° 10-Year U.S. Treasury Note options ADV increased 22%
        ° 5-Year U.S. Treasury Note futures ADV increased 23%

     • Options ADV increased 15%
        ° Equity Index options ADV increased 45%
        ° Metals options ADV increased 42%
        ° Agricultural options ADV increased 42%
        ° Foreign Exchange options ADV increased 7%

     • Agricultural ADV increased 14%
        ° Chicago SRW Wheat options ADV increased 51%
        ° Corn options ADV increased 54%
        ° Soybean Oil options ADV increased 45%
        ° Soybean Meal options ADV increased 45%
        ° Soybean Meal futures ADV increased 26%

     • Metals ADV increased 3%
        ° Gold options ADV increased 58%
        ° Copper options ADV increased 38%
        ° Cryptocurrency ADV increased 120%
        ° Ether futures ADV increased 137%
        ° Bitcoin futures ADV increased 72%

     • Micro Products ADV
        ° Micro E-mini Equity Index futures and options ADV of 2.9 million contracts represented 43% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 7% of overall Energy ADV, Micro Ether futures accounted for 0.4% of overall Equity Index ADV and Micro Bitcoin futures accounted for 0.2% of overall Equity Index ADV

     • ADV outside the United States increased 15% to 5.6 million contracts, including 31% growth in APAC, 20% in Latin America and 9% in EMEA
     • BrokerTec U.S. Repo average daily notional value (ADNV) increased 18% to $261B, European Repo ADNV increased 16% to €344.5B, and U.S. Treasury ADNV increased 15% to $121.6B
     • EBS Spot FX ADNV increased 12% to $64.5B

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 and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, 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

 

View original content:https://www.prnewswire.com/news-releases/cme-group-reports-20-adv-growth-in-july-2022-301597680.html

SOURCE CME Group

FAQ

What was CME Group's average daily volume in July 2022?

CME Group's average daily volume in July 2022 was 20.4 million contracts, representing a 20% increase.

What percentage increase did Equity Index ADV see in July 2022?

Equity Index ADV saw a 40% increase in July 2022.

When did CME Group achieve record open interest for SOFR options?

CME Group achieved record open interest for SOFR options on July 29, 2022.

What was the open interest for SOFR options on July 29, 2022?

The open interest for SOFR options on July 29, 2022, was 8,735,423 contracts.

How much did Foreign Exchange ADV increase in July 2022?

Foreign Exchange ADV increased by 30% in July 2022.