CME Group Reports Record June and Q2 2024 Volumes, Reaching New Highs Across Multiple Asset Classes

Rhea-AI Summary

CME Group has announced record-breaking trading volumes for June and Q2 2024, with average daily volume (ADV) reaching 25.3 million contracts in June and 26 million contracts in Q2. Key performance highlights include significant growth across all asset classes, particularly in U.S. Treasury futures and options, which saw a 29% increase in 10-Year U.S. Treasury Note futures ADV and a 78% increase in 10-Year U.S. Treasury Note options ADV. The report also noted record volumes in Agricultural products, with Soybean Meal and Soybean Oil futures achieving new highs. Additionally, the company saw a 19% increase in international ADV to 8.1 million contracts and substantial growth in Metals, Energy, and Foreign Exchange sectors. These achievements underscore CME Group's strong position as the world's leading derivatives marketplace.

For a detailed breakdown of the statistics, visit their official website.

Positive

• Record June ADV of 25.3 million contracts, up 8% YoY.
• Record Q2 ADV of 26 million contracts, with growth in all asset classes.
• Record Q2 international ADV of 7.8 million contracts.
• Interest Rate ADV increased by 11% in June.
• Equity Index options ADV increased by 10% in June.
• Energy ADV increased by 13% in June.
• Foreign Exchange ADV increased by 25% in June.
• Metals ADV increased by 23% in June.
• Record Q2 Options ADV of 5.1 million contracts.
• Equity Index ADV of 6.8 million contracts, a 9% increase in Q2.

Negative

• None.

Insights

Financial Analyst

The CME Group's report of record volumes for June and Q2 2024 highlights several key growth metrics that indicate strong market demand across multiple asset classes. The average daily volume (ADV) for the month of June reached 25.3 million contracts, representing an increase of 8% year-over-year. For Q2, the ADV hit 26 million contracts, showing consistent growth across all asset classes. This surge in trading volumes is particularly notable in the context of Interest Rates and Agricultural Products, both of which saw significant gains.

From a financial perspective, these figures suggest increased revenue potential from higher transaction fees, which are typically correlated with trading volumes. Additionally, the growth in international ADV by 19% underscores CME Group's expanding global footprint and its ability to attract international participants. This diversification can help mitigate risks associated with regional economic downturns and regulatory changes.

An important point for investors to consider is the stability and reliability of these growth trends. The consistent increase in trading volumes across various products indicates strong underlying market activity, which could translate to sustained financial performance for CME Group. Moreover, the rise in collateral balances used to meet performance bond requirements suggests robust market confidence and liquidity.

Market Research Analyst

The report from CME Group reveals significant growth metrics that point to a healthy and active market environment. Key highlights include an 11% increase in Interest Rate ADV and a record June ADV in U.S. Treasury futures and options. These increases are reflective of heightened market activity, possibly driven by economic factors such as inflation expectations and monetary policy changes. The substantial rise in options trading, particularly in Equity Index options with a 10% increase, suggests that market participants are actively seeking strategies to hedge risk and leverage market movements.

Record volumes in Agricultural products also signal increased interest in commodity markets, which can be attributed to volatility in global supply chains and agricultural production impacts. The notable volume increases in Soybean Meal and Soybean Oil futures indicate strong demand and perhaps speculative activity in response to crop yields and trade policies.

For retail investors, these trends are indicative of a robust derivatives market that can offer various opportunities for risk mitigation and speculative gains. The consistent growth across diverse asset classes also suggests that CME Group is well-positioned to continue capturing market share and driving revenue through enhanced product offerings and global reach.

• Record June ADV of 25.3 million contracts, up 8% year-over-year
• Record Q2 ADV of 26 million contracts, with growth in all asset classes
• Record June and Q2 ADV in U.S. Treasury futures and options
• All-time monthly and quarterly records for Agricultural products
• Record Q2 international ADV of 7.8 million contracts

CHICAGO, July 2, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its June and Q2 2024 market statistics, showing average daily volume (ADV) reached a record 25.3 million contracts for the month of June and a record 26 million contracts for Q2. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

June 2024 ADV across asset classes includes: 

• Interest Rate ADV of 11.5 million contracts 
• Equity Index ADV of 7 million contracts 
• Options ADV of 5 million contracts
• Energy ADV of 2.5 million contracts 
• Record Agricultural ADV of 2.2 million contracts
• Foreign Exchange ADV of 1.4 million contracts 
• Metals ADV of 700,000 contracts

Additional June 2024 product highlights compared to June 2023 include:

• Interest Rate ADV increased 11%
  • Record June U.S. Treasury futures and options ADV of 7,004,169 contracts
  • 10-Year U.S. Treasury Note futures ADV increased 29% to 2 million contracts
  • 10-Year U.S. Treasury Note options ADV increased 78% to 931,000 contracts
  • 2-Year U.S. Treasury Note futures ADV increased 34% to 789,000 contracts
• Options ADV increased 6%
  • Interest Rate options ADV increased 3% to 2.5 million contracts
  • Equity Index options ADV increased 10% to 1.5 million contracts
• Energy ADV increased 13%
  • Henry Hub Natural Gas futures ADV increased 20% to 561,000 contracts
  • Henry Hub Natural Gas options ADV increased 64% to 245,000 contracts
• Agricultural ADV increased 1%
  • Record Soybean Meal futures ADV of 221,398 contracts
  • Record Soybean Oil futures ADV of 209,512 contracts
• Foreign Exchange ADV increased 25%
  • Record Canadian dollar futures ADV of 147,144 contracts 
  • Record Mexican peso futures ADV of 133,644 contracts
  • Record Brazilian real futures ADV of 31,940 contracts
• Metals ADV increased 23%
  • Silver futures ADV increased 36% to 110,000 contracts
  • Micro Gold futures ADV increased 37% to 90,000 contracts
  • Copper options ADV increased 172% to 14,000 contracts
• International ADV increased 19% to 8.1 million contracts, with EMEA ADV up 27% to 5.8 million contracts
• Micro Products ADV
  • Record Micro Ether futures ADV of 29,395 contracts
  • Micro E-mini Nasdaq-100 futures ADV increased 29% to 1.3M contracts
  • Micro E-mini Equity Index futures and options ADV of 2.4 million contracts represented 34.3% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 3% of overall Energy ADV
• BrokerTec U.S. Repo average daily notional value (ADNV) increased 13% to $304.4 billion
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending May 2024 were $75 billion for cash collateral and $160 billion for non-cash collateral

Q2 2024 highlights across asset classes compared to Q2 2023 include:

• Interest Rate ADV of 12.9 million contracts, an increase of 14%
  • Record U.S. Treasury futures and options ADV of 8,192,322 contracts
  • Record 2-Year U.S. Treasury Note futures ADV of 984,720 contracts
  • Record 10-Year U.S. Treasury Note options ADV of 929,667 contracts
  • SOFR futures ADV increased 3% to 3.2 million contracts
• Equity Index ADV of 6.8 million contracts, an increase of 9%
  • E-mini S&P 500 options ADV increased 27% to 1.5 million contracts
  • Micro E-mini Nasdaq-100 futures ADV increased 39% to 1.3 million contracts
• Record Q2 Options ADV of 5,151,961 contracts
  • Equity Index options ADV increased 28% to 1.6 million contracts
  • Energy options ADV increased 41% to 411,000 contracts
• Energy ADV of 2.4 million contracts, an increase of 16%
  • WTI Crude Oil options ADV increased 23% to 171,000 contracts
  • Henry Hub Natural Gas futures ADV increased 20% to 500,000 contracts
  • Henry Hub Natural Gas options ADV increased 54% to 226,000 contracts
• Record Agricultural ADV of 1,877,465 contracts
  • Record Soybean Meal futures ADV of 189,357 contracts
  • Record Soybean Oil futures ADV of 185,709 contracts
  • Record Kansas City HRW Wheat futures ADV of 79,715 contracts
• Foreign Exchange ADV of 1.1 million contracts, an increase of 20%
  • Record Canadian dollar futures ADV of 112,200 contracts
  • Record Mexican peso futures ADV of 90,481 contracts
  • Record New Zealand dollar futures ADV of 36,053 contracts
  • Record Brazilian real futures ADV of 24,457 contracts
• Metals ADV of 869,000 contracts, an increase of 42%
  • Record Copper futures ADV of 147,729 contracts
  • Record Micro Silver futures ADV of 25,216 contracts
  • Micro Gold futures ADV increased 54% to 122,000 contracts
• Record International ADV of 8.1 million contracts, including record EMEA ADV of 6.2 million contracts

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 were CME Group's record trading volumes for June 2024?

CME Group reported a record average daily volume of 25.3 million contracts in June 2024, up 8% year-over-year.

How did CME Group perform in Q2 2024?

CME Group achieved a record Q2 average daily volume of 26 million contracts, with growth across all asset classes.

What were the significant increases in U.S. Treasury futures and options for June 2024?

In June 2024, 10-Year U.S. Treasury Note futures ADV increased by 29% to 2 million contracts, and 10-Year U.S. Treasury Note options ADV rose by 78% to 931,000 contracts.

What growth did CME Group see in Agricultural products in Q2 2024?

CME Group reported record volumes in Agricultural products, including Soybean Meal futures ADV of 189,357 contracts and Soybean Oil futures ADV of 185,709 contracts in Q2 2024.

How did CME Group perform in the Foreign Exchange sector in June 2024?

CME Group saw a 25% increase in Foreign Exchange ADV, with record volumes in Canadian dollar, Mexican peso, and Brazilian real futures.

What were the highlights of CME Group's Metals sector in June 2024?

In June 2024, Metals ADV increased by 23%, with significant growth in Silver futures (up 36%) and Micro Gold futures (up 37%).

How did CME Group's international ADV perform in Q2 2024?

CME Group's international ADV grew by 19% to 8.1 million contracts in Q2 2024, with EMEA ADV increasing by 27% to 5.8 million contracts.