CME Group Reports 22% ADV Growth in August 2022

Rhea-AI Summary

CME Group reported a significant increase in average daily volume (ADV) for August 2022, rising by 22% to 21.2 million contracts. This marks the highest-ever August for Equity Index ADV, with key asset classes including Interest Rate (10.6 million contracts), Equity Index (6.3 million), and Options (3.4 million). Notably, SOFR futures and options reached record open interest, reflecting robust market activity. Year-over-year comparisons show substantial growth, particularly in Micro E-mini S&P 500 futures (85%) and Foreign Exchange ADV (39%).

Positive

• 22% increase in average daily volume (ADV) to 21.2 million contracts.
• Equity Index ADV increased by 51% compared to August 2021.
• Record SOFR options ADV of 518,296 contracts and open interest of 11,272,710 contracts.
• Foreign Exchange ADV rose by 39%, driven by strong performance in E-mini Euro FX futures (112%).
• Micro E-mini S&P 500 futures ADV increased by 85%.

Negative

• None.

• Highest-ever August for Equity Index ADV
• Record SOFR futures and options OI

CHICAGO, Sept. 2, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its August 2022 market statistics, showing average daily volume (ADV) increased 22% to 21.2 million contracts during the month. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

August 2022 ADV across asset classes includes:

• Interest Rate ADV of 10.6 million contracts
• Equity Index ADV of 6.3 million contracts
• Options ADV of 3.4 million contracts
• Energy ADV of 1.8 million contracts
• Agricultural ADV of 1.2 million contracts
• Foreign Exchange ADV of 866,000 contracts
• Metals ADV of 427,000 contracts

Additional August 2022 product highlights compared to August 2021 include:

• Equity Index ADV increased 51%
• Micro E-mini S&P 500 futures ADV increased 85%
• Micro E-mini Nasdaq-100 futures ADV increased 71%
• E-mini S&P 500 options ADV increased 67%
• E-mini Nasdaq-100 options ADV increased 39%
• E-mini Nasdaq-100 futures ADV increased 28%
• Foreign Exchange ADV increased 39%
• E-mini Euro FX futures ADV increased 112%
• Japanese Yen futures ADV increased 79%
• Interest Rate ADV increased 20%
• Record monthly SOFR options ADV of 518,296 contracts and record open interest (OI) of 11,272,710 contracts on August 31
• Record SOFR futures OI of 7,705,166 contracts on August 30
• 23 trading days when SOFR futures daily volume surpassed Eurodollar futures, with SOFR futures ADV in August equivalent to 164% of Eurodollar futures ADV in the same period
• 15 trading days when SOFR options daily volume surpassed Eurodollar options, with SOFR options ADV in August equivalent to 120% of Eurodollar options ADV in the same period
• 30-Day Fed Fund futures ADV increased 363%
• 5-Year U.S. Treasury Note options ADV increased 81%
• 2-Year U.S. Treasury Note futures ADV increased 48%
• Options ADV increased 18%
• Equity Index options ADV increased 63%
• Interest Rate options ADV increased 10%
• Agricultural options ADV increased 8%
• Metals options ADV increased 6%
• Cryptocurrency ADV increased 98%
• Bitcoin futures ADV increased 50%
• Ether futures ADV increased 43%
• Micro Products ADV
• Micro E-mini Equity Index futures and options ADV of 2.6 million contracts represented 41% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 7% of overall Energy ADV, Micro Ether futures accounted for 0.3% of overall Equity Index ADV and Micro Bitcoin futures accounted for 0.1% of overall Equity Index ADV
• ADV outside the United States increased 20% to 5.6 million contracts, including 37% growth in APAC, 26% in Latin America and 14% in EMEA
• BrokerTec U.S. Treasury average daily notional value (ADNV) increased 23% to $111.4B, European Repo ADNV increased 21% to €343.7B and U.S. Repo ADNV increased 18% to $268B

About CME Group

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. 

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SOURCE CME Group

FAQ

What were CME Group's average daily volumes for August 2022?

CME Group's average daily volume (ADV) for August 2022 was 21.2 million contracts, a 22% increase.

How much did Equity Index ADV increase in August 2022 compared to last year?

Equity Index ADV increased by 51% in August 2022 compared to August 2021.

What records did SOFR futures and options achieve in August 2022?

SOFR futures reached a record open interest of 7,705,166 contracts, and SOFR options achieved a record ADV of 518,296 contracts.

Which asset classes saw the highest growth in trade volume during August 2022?

Significant growth was reported in Micro E-mini S&P 500 futures (85%) and Foreign Exchange ADV (39%).

What is the significance of the 22% ADV growth reported by CME Group?

The 22% ADV growth represents the highest trading activity in August for CME Group, indicating robust market conditions.