CME Group Reports Highest-Ever October ADV of 25.2 Million Contracts

Rhea-AI Summary

CME Group, the world's leading derivatives marketplace, reported its October 2023 market statistics, reaching an average daily volume (ADV) of 25.2 million contracts, an increase of 11% compared to 2022. This is the highest-ever October ADV on record for the company. Key highlights include record interest rate ADV of 11.8 million contracts, equity index ADV of 8.0 million contracts, and options ADV of 5.6 million contracts. There was continued growth across SOFR and U.S. Treasury complexes.

Positive

• Record October Interest Rate ADV of 11.8 million contracts
• Record Equity Index options ADV of 1,931,536 contracts
• SOFR futures ADV increased 61% to 3.2 million contracts
• Interest Rate ADV increased 21%
• Options ADV increased 23%
• Energy ADV increased 28%
• Agricultural ADV increased 28%
• Metals ADV increased 24%
• International ADV increased 26%

Negative

• None.

• Overall volume grew 11% over October 2022
• Strongest October in company history for interest rate ADV
• Record equity index options volume driven by E-mini S&P 500 contracts
• Continued growth across SOFR and U.S. Treasury complexes

CHICAGO, Nov. 2, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its October 2023 market statistics, reaching an average daily volume (ADV) of 25.2 million contracts during the month, an increase of 11% over 2022 and the company's highest-ever October ADV on record. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

October 2023 ADV across asset classes includes:

• Record October Interest Rate ADV of 11.8 million contracts
• Equity Index ADV of 8.0 million contracts
• Record October Options ADV of 5.6 million contracts
• Energy ADV of 2.3 million contracts
• Agricultural ADV of 1.5 million contracts
• Foreign Exchange ADV of 935,000 contracts
• Metals ADV of 605,000 contracts

Additional October 2023 product highlights compared to October 2022 include:

• Interest Rate ADV increased 21%
  • SOFR futures ADV increased 61% to 3.2 million contracts
  • SOFR options ADV increased 59% to 1.4 million contracts
  • 5-Year U.S. Treasury Note futures ADV increased 25% to 1.3 million contracts
  • 10-Year U.S. Treasury Note options ADV increased 30% to 863,000 contracts
  • 2-Year U.S Treasury Note futures ADV increased 33% to 675,000 contracts
• Options ADV increased 23%
  • Record Equity Index options ADV of 1,931,536 contracts – with record E-mini S&P 500 options ADV of 1,809,924 contracts
  • Interest Rate options ADV increased 12% to 2.8 million contracts
  • Energy options ADV increased 82% to 398,000 contracts
  • Agricultural options ADV increased 39% to 287,000 contracts
  • Metals options ADV increased 66% to 102,000 contracts
•   Energy ADV increased 28%
  • Natural Gas futures ADV increased 38% to 421,000 contracts
  • WTI Crude Oil options ADV increased 56% to 188,000 contracts
• Agricultural ADV increased 28%
  • Record Soybean Meal futures ADV of 189,948 contracts
  • Live Cattle futures ADV increased 30% to 65,000 contracts
• Metals ADV increased 24%
  • Record Aluminum futures ADV of 6,633 contracts
  • Gold options ADV increased 76% to 86,000 contracts
• International ADV increased 26% to 7.2 million contracts
• Micro Products ADV
  • Micro E-mini Equity Index futures and options ADV of 2.8 million contracts represented 35% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 5.1% of overall Energy ADV

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. 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.

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SOURCE CME Group

FAQ

What is the average daily volume (ADV) for CME Group in October 2023?

The average daily volume for CME Group in October 2023 was 25.2 million contracts.

What was the percentage increase in ADV compared to October 2022?

The ADV in October 2023 increased by 11% compared to October 2022.

Which asset classes saw the highest ADV in October 2023?

The highest ADV in October 2023 was in interest rate contracts, equity index contracts, and options contracts.

What were the key highlights of October 2023 market statistics for CME Group?

The key highlights include record interest rate ADV, record equity index options ADV, increased ADV in SOFR futures and options, increased ADV in U.S. Treasury Note futures and options, and overall growth in energy, agricultural, metals, and international ADV.