CME Group International Average Daily Volume Reached New Record of 8.4 Million Contracts in Q3 2024

Rhea-AI Summary

CME Group reported a record international average daily volume (ADV) of 8.4 million contracts in Q3 2024, up 29% year-on-year. This growth was driven by increases across all asset classes, with interest rate and equity products accounting for 75% of the volume growth. Key highlights include:

- EMEA ADV hit a record 6.2 million contracts, up 30%
- APAC ADV reached 1.8 million contracts, up 28%
- Interest rate products saw record growth of 32%, driven by 38% growth in SOFR futures and 25% in Treasury contracts
- Energy products grew 30%, Equities up 25%, and record FX volumes increased by 14%

Globally, CME Group reported a record ADV of 28.3 million contracts in Q3 2024, up 27% year-on-year, largely driven by record volume in interest rate products.

Positive

• Record international ADV of 8.4 million contracts in Q3 2024, up 29% year-on-year
• Record EMEA ADV of 6.2 million contracts, up 30%
• APAC ADV reached 1.8 million contracts, up 28%
• Interest rate products saw record growth of 32% in quarterly volumes
• SOFR futures grew 38% and Treasury contracts grew 25%
• Energy products grew 30%, Equities up 25%, and FX volumes increased by 14%
• Global record ADV of 28.3 million contracts in Q3 2024, up 27% year-on-year
• Record volume of 14.9 million contracts in interest rate products, up 36% year-over-year
• U.S. Treasury complex hit an all-time quarterly ADV record of 8.4 million contracts
• SOFR futures reached an all-time quarterly ADV record of 4.1 million contracts

Negative

• None.

News Market Reaction

+1.12%

1 alert

+1.12% News Effect

On the day this news was published, CME gained 1.12%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

• Record Europe, Middle East and Africa (EMEA) ADV of 6.2M, up 30% in Q3 2024
• Asia Pacific (APAC) ADV of 1.8M, up 28%

LONDON and SINGAPORE, Oct. 14, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its international average daily volume (ADV) reached a record 8.4 million contracts in Q3 2024, up 29% year on year. Reflecting all trading reported outside the United States, the record volume was driven by growth across all asset classes, with the highest trading volumes coming from interest rate and equity products, which accounted for three-quarters of the growth in volume.  

Interest rate products saw record growth of 32% in quarterly volumes year on year, driven by an increase of 38% growth in SOFR futures and 25% growth in Treasury contracts. In addition, Energy products saw 30% growth, Equities products were up 25%, and record FX volumes increased by 14% in the third quarter.

"Our record Q3 international ADV was driven by significant increases in volume across all asset classes in EMEA and APAC, demonstrating how our clients turned to the breadth of our products to navigate unpredictability and volatility," said Julie Winkler, Senior Managing Director and Chief Commercial Officer, CME Group. "In particular, our SOFR and U.S. Treasury futures and E-Mini equity options achieved notable growth. Going forward, we remain focused on partnering with our clients to help them manage risk, pursue opportunities and expand their businesses internationally." 

In Q3 2024, EMEA ADV hit a record 6.2 million contracts, up 30% from Q3 2023. Energy, interest rate and foreign exchange products reached new ADV records in EMEA in Q3 2024, growing 37%, 32% and 18% respectively year on year.

APAC ADV hit 1.8 million contracts in Q3 2024, up 28% from Q3 2023. The region saw strong quarterly ADV performance in metals, up 49%, while interest rate and equity products ADV were up 33% and 30% year over year respectively.

LatAm ADV stood at 181,000 contracts in Q3 2024, up 12% compared to Q3 2023. There was strong quarterly ADV performance in metals, up 37% and energy products, up 30% year over year. 

Canada ADV stood at 169,000 contracts in Q3 2024, up 21% YoY. This was a result of strong growth in interest rate and energy products, up 39% and 19% year over year. 

Globally, CME Group reported a record ADV of 28.3 million contracts in Q3 2024, up 27% over Q3 2023. This was largely driven by record volume of 14.9 million contracts in interest rate products, up 36% year over year. 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.

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 international average daily volume (ADV) in Q3 2024?

CME Group's international average daily volume (ADV) reached a record 8.4 million contracts in Q3 2024, up 29% year-on-year.

How did CME's EMEA and APAC regions perform in Q3 2024?

EMEA ADV hit a record 6.2 million contracts, up 30% from Q3 2023. APAC ADV reached 1.8 million contracts, up 28% from Q3 2023.

What was the growth rate of CME's interest rate products in Q3 2024?

Interest rate products saw record growth of 32% in quarterly volumes year-on-year, driven by 38% growth in SOFR futures and 25% growth in Treasury contracts.

What was CME Group's global average daily volume in Q3 2024?

Globally, CME Group reported a record ADV of 28.3 million contracts in Q3 2024, up 27% over Q3 2023.

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.