CME Group Sets New, All-Time Quarterly and September ADV Records Driven by Growth Across All Asset Classes

Rhea-AI Summary

CME Group reported record-breaking average daily volume (ADV) for Q3 and September 2024, with growth across all asset classes. Q3 ADV reached 28.3 million contracts, up 27% year-over-year, while September ADV hit 28.4 million contracts, a 25% increase. Notable achievements include:

- Record quarterly interest rate ADV of 14.9 million contracts
- Record U.S. Treasury futures and options ADV of 8.4 million contracts in Q3
- Record SOFR futures ADV of 4.1 million contracts in Q3
- Record international ADV of 8.4 million contracts in Q3
- Significant growth in Equity Index, Energy, Agricultural, Foreign Exchange, and Metals products

The company's performance was driven by strong demand across various products, including U.S. Treasury futures, SOFR futures, and Micro E-mini contracts. CME Group's diverse product offerings and global reach continue to attract market participants seeking efficient risk management solutions.

Positive

• Record quarterly ADV of 28.3 million contracts in Q3, up 27% year-over-year
• Record September ADV of 28.4 million contracts, up 25% year-over-year
• Record quarterly interest rate ADV of 14.9 million contracts
• Record U.S. Treasury futures and options ADV of 8.4 million contracts in Q3
• Record SOFR futures ADV of 4.1 million contracts in Q3
• Record international ADV of 8.4 million contracts in Q3
• Growth across all asset classes in both Q3 and September
• Significant increases in various product categories, including Equity Index, Energy, and Metals

Negative

• None.

• Record quarterly ADV of 28.3 million contracts in Q3, up 27% year-over-year
• Record September ADV of 28.4 million contracts, up 25% year-over-year
• Record quarterly and September interest rate ADV
• Record quarterly SOFR futures and U.S. Treasury complex ADV
• Record international ADV of 8.4 million contracts in Q3

CHICAGO, Oct. 2, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its Q3 and September 2024 market statistics, with average daily volume (ADV) reaching new, all-time records of 28.3 million contracts in Q3 and 28.4 million contracts in the month of September, and growth across all asset classes in both periods.

In Q3, the company's ADV grew 27% year-over-year, with record volume in interest rate products. CME Group's deeply liquid U.S. Treasury complex hit an all-time quarterly ADV record of 8.4 million contracts and SOFR futures reached an all-time quarterly ADV record of 4.1 million contracts.

September ADV grew 25% year-over-year, with record volume in interest rate and agricultural products for the month.

Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

Q3 2024 highlights across asset classes compared to Q3 2023 include:

• Record Interest Rate ADV of 14.9 million contracts
  • Record U.S. Treasury futures and options ADV of 8.4 million contracts
    • Record 10-Year U.S Treasury Note futures ADV of 2.5 million contracts
    • Record 5-Year U.S. Treasury Note futures ADV of 1.8 million contracts
    • Record 2-Year U.S. Treasury Note futures ADV of 1.1 million contracts
  • Record SOFR futures ADV of 4.1 million contracts
  • Interest Rate options ADV increased 37% to 3.1 million contracts
• Equity Index ADV of 7.4 million contracts, an increase of 17%
  • Record Q3 Equity Index options ADV of 1.6 million contracts
  • Micro E-mini Nasdaq-100 futures ADV increased 38% to 1.5 million contracts
  • E-mini S&P 500 options ADV increased 10% to 1.5 million contracts
  • Micro E-mini S&P 500 futures ADV increased 23% to 1.1 million contracts
• Energy ADV of 2.6 million contracts, an increase of 21%
  • Record Q3 Energy options ADV of 425,000 contracts
  • Henry Hub Natural Gas futures ADV increased 31% to 466,000 contracts
  • Henry Hub Natural Gas options ADV increased 51% to 213,000 contracts
• Record Q3 Agricultural ADV of 1.6 million contracts
  • Corn futures ADV increased 28% to 378,000 contracts
  • Soybean Oil futures ADV increased 30% to 185,000 contracts
  • Soybean Meal futures ADV increased 22% to 167,000 contracts
• Foreign Exchange ADV of 1.1 million contracts, an increase of 16%
  • Japanese yen futures ADV increased 23% to 216,000 contracts
  • Australian dollar futures ADV increased 16% to 120,000 contracts
  • Canadian dollar futures ADV increased 23% to 102,000 contracts
• Metals ADV of 728,000 contracts, an increase of 38%
  • Record Gold options ADV of 99,000 contracts
  • Micro Gold futures ADV increased 124% to 113,000 contracts
  • Platinum futures ADV increased 26% to 31,000 contracts
• Record International ADV of 8.4 million contracts, including record EMEA ADV of 6.2 million contracts, Asia ADV up 28% and Latin America up 11%

September 2024 highlights compared to September 2023 include:

• Record September Interest Rate ADV of 14.8 million contracts
  • Record September U.S. Treasury futures and options ADV of 7.1 million contracts
  • Record September SOFR futures and options ADV of 6.9 million contracts
  • Record September Interest Rate options ADV of 3.4 million contracts
  • 10-Year U.S. Treasury Note futures ADV increased 40% to 2.1 million contracts
  • 5-Year U.S. Treasury Note futures ADV increased 28% to 1.4 million contracts
• Equity Index ADV of 7.4 million contracts, an increase of 4%
  • Micro E-mini Nasdaq-100 futures ADV increased 19% to 1.4 million contracts
  • Micro E-mini Dow Jones futures ADV increased 49% to 121,000 contracts
• Energy ADV of 2.7 million contracts, an increase of 17%
  • Record September Energy options ADV of 448,000 contracts
  • Henry Hub Natural Gas futures ADV increased 35% to 493,000 contracts
  • Henry Hub Natural Gas options ADV increased 56% to 220,000 contracts
• Record September Agricultural ADV of 1.5 million contracts
  • Record September Agricultural options ADV of 332,000 contracts
  • Soybean Meal futures ADV increased 24% to 167,000 contracts
• Foreign Exchange ADV of 1.3 million contracts, an increase of 7%
  • Japanese yen futures ADV increased 25% to 242,000 contracts
  • Canadian dollar futures ADV increased 6% to 123,000 contracts
• Metals ADV of 709,000 contracts, an increase of 37%
  • Record September Metals options ADV of 142,000 contracts
  • Micro Gold futures ADV increased 154% to 110,000 contracts
• International ADV increased 30% to 8.8 million contracts, with record EMEA ADV of 6.5 million contracts, Asia ADV up 27% and Latin America ADV up 12%
• Micro Products ADV
  • Record E-Micro options ADV of 41,000 contracts
  • Micro E-mini Equity Index futures and options ADV of 2.7 million contracts represented 37% 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 4% to $305.8 billion and U.S. Treasury ADNV increased 19% to $119.1B
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending August 2024 were $70.9 billion for cash collateral and $163.2 billion for non-cash collateral

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 is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. 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.

CME-G

 

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SOURCE CME Group

FAQ

What was CME Group's average daily volume (ADV) for Q3 2024?

CME Group reported a record quarterly ADV of 28.3 million contracts for Q3 2024, representing a 27% increase year-over-year.

How did CME's September 2024 ADV compare to the previous year?

CME Group's September 2024 ADV reached a record 28.4 million contracts, up 25% compared to September 2023.

What was the ADV for CME's interest rate products in Q3 2024?

CME Group reported a record interest rate ADV of 14.9 million contracts for Q3 2024.

How did CME's SOFR futures perform in Q3 2024?

SOFR futures reached an all-time quarterly ADV record of 4.1 million contracts in Q3 2024.

What was CME's international ADV for Q3 2024?

CME Group reported a record international ADV of 8.4 million contracts in Q3 2024, including record EMEA ADV of 6.2 million contracts.