CME Group Releases 2018 Volume Data Report, Total Trading Volume Rose 18.8% Y-o-Y in 2018

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

CME Group Releases 2018 Volume Data Report, Total Trading Volume Rose 18.8% Y-o-Y in 2018

January 5, 2019

volumeDerivatives marketplace, CME Group, has released its trading volume metrics for 2018, showing healthy 18.8% Y-o-Y growth in average daily volume (ADV), reaching 19.2 million contracts. The company showcased some of the achievements of 2018 in their report that included:

  • Record Interest Rate ADV, increased 22 per cent Y-o-Y to 9.95 million contracts
  • Record Metals ADV, increased 12 per cent Y-o-Y to 638,000 contracts
  • Record FX ADV, up by 9 per cent Y-o-Y to 1 million contracts
  • Record options ADV, up by 14 per cent to 3.9 million contracts.

In the fourth quarter, volumes averaged 20.8 million contracts per day, a growth of 31 per cent from the same period a year ago. The December 2018 volumes averaged 20.2 million contracts per day, up by 36 per cent from December 2017. Following is the segment-wise performance for the month of December 2018:

Equity Index

The equity index volume averaged 5.1 million contracts per day in December 2018, up by 73 per cent compared to December 2017 volumes. Highlights include

  • Record growth in E-mini Nasdaq-100 futures and options ADV by 121 per cent to 743,000 contracts
  • Record growth in E-mini Russell 2000 futures by 38 per cent to 245,000 contracts
  • Record increase in E-mini S&P Select Sector Index F&O ADV by 91 per cent to 32,000 contracts

Interest Rate

Interest Rate volume averaged 10.2 million contracts per day in December 2018, which 48 per cent higher compared to December 2017 volume figure. Key highlights during the month are:

  • Record, 174 per cent growth in Fed Fund futures ADV to 400,000 contracts
  • U.S. Treasury F&O ADV increased by 46 per cent to 4.8 million contract
  • Weekly Treasury options ADV registered a growth of 50 per cent to 155,000 contracts

Foreign Exchange

The forex volume averaged 1 million contracts per day in December 2018, which is flat as compared to the December 2017 volume. Key highlights for the month are:

  • JPY F&O ADV grew 7 per cent to 177,000 contracts
  • AUD F&O ADV grew 11 per cent to 113,000 contracts
  • CAD F&O ADV grew 10 per cent to 105,000 contracts

Energy 

The energy volume averaged 2.3 million contracts per day in December 2018, slightly lower compared to the December 2017 figures. Key metrics are:

  • WTI Crude Oil F&O ADV increased 18 per cent to 1.5 million contracts
  • Gasoline F&O ADV increased 18 per cent to 174,000 contracts
  • Brent Crude Oil F&O ADV grew 27 per cent to 94,000 contracts

Options

Options volume during the month averaged 4 million contracts per day, up by 32 per cent from December 2017. Key highlights for the month include:

  • Electronic options ADV increased by 39 per cent to 2.7 million contracts
  • Interest Rate options ADV increased by 40 per cent to 2.4 million contracts
  • Equity Index options ADV rose 48 per cent to 974,000 contracts

Metal 

Metals contract averaged 439,000 contracts per day in December 2018, down by 17 per cent from December 2017.

  • Precious Metal options ADV increased 28 per cent to 58,000 contracts
  • Gold Options ADV grew 32 per cent to 52,000 contracts
  • Silver options ADV grew by 5 per cent to 6,000 contracts

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