CME Group Reports January 2023 Monthly Market Statistics

Rhea-AI Summary

CME Group reported strong market statistics for January 2023, highlighting an average daily volume (ADV) of 21.7 million contracts. Key figures include:

• SOFR options ADV surged by 499% to a record 1,842,233 contracts.
• Interest Rate ADV totaled 10.3 million contracts.
• Equity Index ADV reached 6.7 million contracts.
• Metals ADV saw a 9% increase.

The report indicates growing interest in derivatives, particularly SOFR futures, which saw a 256% rise in ADV.

Positive

• SOFR options ADV increased 499% to record 1,842,233 contracts.
• Record open interest for SOFR options at 33,962,281 contracts.
• Interest Rate ADV at 10.3 million contracts indicates strong trading activity.
• Overall ADV of 21.7 million contracts in January supports market health.

Negative

• None.

• Record SOFR options volume and open interest

CHICAGO, Feb. 2, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its January 2023 market statistics, showing an average daily volume (ADV) of 21.7 million contracts during the month. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

     January 2023 ADV across asset classes includes:

• Interest Rate ADV of 10.3 million contracts
• Equity Index ADV of 6.7 million contracts
• Options ADV of 4.8 million contracts
• Energy ADV of 2.0 million contracts
• Agricultural ADV of 1.2 million contracts
• Foreign Exchange ADV of 807,000 contracts
• Metals ADV of 625,000 contracts

     Additional January 2023 product highlights compared to January 2022 include:

• SOFR ADV increased 499%
• Record monthly SOFR options ADV of 1,842,233 contracts, with record open interest (OI) of 33,962,281 contracts on January 31
• SOFR futures ADV increased 256%, with record OI of 9,787,810 contracts on January 31
• Metals ADV increased 9%
• Record monthly Copper options ADV of 10,047 contracts, with record OI of 148,621 contracts on January 25
• Micro Silver futures ADV increased 64%
• Foreign Exchange ADV increased 4%
• E-mini Euro FX futures ADV increased 31%
• Micro Products ADV
• Micro E-mini Equity Index futures and options ADV of 2.7 million contracts represented 40.6% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 4.4% of overall Energy ADV, Micro Ether futures accounted for 0.2% of overall Equity Index ADV and Micro Bitcoin futures accounted for 0.1% of overall Equity Index ADV
• BrokerTec European Repo average daily notional value (ADNV) increased 16% to €332B

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 was CME's average daily volume for January 2023?

CME reported an average daily volume (ADV) of 21.7 million contracts for January 2023.

How much did SOFR options volume increase in January 2023?

SOFR options ADV increased by 499% in January 2023.

What were the record stats for SOFR options and futures?

SOFR options had a record ADV of 1,842,233 contracts and open interest of 33,962,281 contracts on January 31, 2023.

How did metals trading perform in January 2023?

Metals ADV increased by 9% in January 2023, with record monthly Copper options ADV of 10,047 contracts.