CME Group

CME Group Announces Record Breaking Year: +18% ADV in 2018

CME GroupCME Group, the world’s leading derivatives marketplace, reached an average daily volume record of 19.2 million contracts in 2018, up 18% YoY, according to its volumes report. Other broken records include ADV of interest rates trading, metals, foreign exchange, options, and electronic options.
Foreign Exchange volume averaged 1 million contracts per day in December 2018, flat compared with December 2017. Japanese yen futures and options grew 7 percent to 177,000 contracts. Australian dollar futures and options ADV rose 11 percent to 113,000 contracts. Canadian dollar futures and options ADV rose 10 percent to 105,000 contracts. Gold options ADV grew 32 percent to 52,000 contracts
Fourth-quarter 2018 volume averaged 20.8 million contracts per day, up 31 percent from the same period a year ago. CME Group reached several quarterly average daily volume records including Equity Index ADV of 4.5 million contracts, Interest Rate electronic options average daily volume of 1.5 million contracts and Energy options ADV of 376,000 contracts.
The CME Group report pointed to Interest Rate volume which averaged 10.2 million contracts per day in December 2018, up 48 percent from December 2017. The document included the following highlights:
Record Fed Fund futures ADV, up 174 percent to 400,000 contracts
U.S. Treasury futures and options average daily volume increased 46 percent to 4.8 million contracts, including U.S. Treasury futures average daily volume, up 41 percent to 3.8 million contracts, and U.S. Treasury options ADV, up 68 percent to 987,000 contracts
Weekly Treasury options ADV rose 50 percent to 155,000 contracts
Eurodollar futures and options ADV grew 44 percent to 5 million contracts, including Eurodollar futures and options electronic ADV, up 52 percent to 4 million contracts
Ultra U.S. Treasury Bond futures and options average daily volume increased 53 percent to 161,000 contracts and Ultra 10-Year U.S. Treasury Note futures and options increased 56 percent to 188,000 contracts
Equity Index volume averaged a record 5.1 million contracts per day in December 2018, up 73 percent from December 2017. Options volume averaged 4 million contracts per day in December 2018, up 32 percent from December 2017. Energy volume averaged 2.3 million contracts per day in December 2018, down 2 percent from December 2017. Agricultural volume averaged 1 million contracts per day in December 2018, down 5 percent from December 2017. Metals volume averaged 439,000 contracts per day in December 2018, down 17 percent from December 2017.
BrokerTec fixed income and EBS foreign exchange December trading activity includes U.S. Treasury average daily notional value which increased 35 percent to $200.8 billion; Spot FX average daily notional value which rose 16 percent to $76.2 billion; and European Repo average daily notional value which increased 14 percent to €254.5 billion.