CME Group Reports October 2024 ADV of 24.3 Million Contracts

Rhea-AI Summary

CME Group reported its October 2024 market statistics with average daily volume (ADV) reaching 24.3 million contracts, marking the second-highest October volume ever. The company achieved record October ADV across multiple sectors: Interest Rate (12.5M contracts), Energy (2.7M contracts), Agricultural (1.8M contracts), and Metals (647K contracts). Notable increases include Energy ADV up 16%, Agricultural ADV up 23%, and significant growth in micro products, with Micro Bitcoin futures rising 332% to 50,000 contracts. BrokerTec U.S. Repo ADNV increased 11% to $316.7 billion, while EBS Spot FX ADNV grew 15% to $58.3 billion.

Positive

• Record October ADV across multiple sectors (Interest Rate, Energy, Agricultural, Metals)
• Energy ADV increased 16% to 2.7M contracts
• Agricultural ADV increased 23% to 1.8M contracts
• Micro Bitcoin futures surged 332% to 50,000 contracts
• BrokerTec U.S. Repo ADNV increased 11% to $316.7B
• EBS Spot FX ADNV grew 15% to $58.3B

Negative

• None.

News Market Reaction

-0.24%

1 alert

-0.24% News Effect

On the day this news was published, CME declined 0.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

• Record October ADV for interest rate, energy, metals and agricultural products
• Record October ADV across U.S. Treasury and SOFR complexes
• All-time record monthly ADV in U.S. Treasury options and energy options

CHICAGO, Nov. 4, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its October 2024 market statistics, with average daily volume (ADV) reaching 24.3 million contracts, the second-highest October volume ever. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

October 2024 ADV across asset classes includes:

• Record October Interest Rate ADV of 12.5 million contracts
• Equity Index ADV of 5.9 million contracts
• Record October Energy ADV of 2.7 million contracts
• Record October Agricultural ADV of 1.8 million contracts
• Foreign Exchange ADV of 792,000 contracts
• Record October Metals ADV of 647,000 contracts

Additional October 2024 product highlights compared to October 2023 includes:

• Interest Rate ADV increased 6%
  • Record October U.S. Treasury futures ADV of 5.5 million contracts
  • Record October SOFR futures and options ADV of 5 million contracts
  • Record October Interest Rate options ADV of 3.1 million contracts
  • All-time record monthly U.S. Treasury options ADV of 1.5 million contracts
• Energy ADV increased 16%
  • All-time record monthly Energy options ADV of 528,000 contracts
  • Henry Hub Natural Gas futures ADV increased 22% to 562,000 contracts
  • WTI Crude Oil options ADV increased 45% to 282,000 contracts
• Agricultural ADV increased 23%
  • Record October Agricultural options ADV of 372,000 contracts
  • Corn futures ADV increased 61% to 412,000 contracts
  • Soybean options ADV increased 67% to 120,000 contracts
• Metals ADV increased 7%
  • Record October Metals options ADV of 115,000 contracts
• International ADV of 7.2 million contracts, with EMEA ADV of 5.4 million contracts, Asia ADV of 1.5 million contracts and Latin America ADV of 135,000 contracts
• Micro Products ADV
  • Record Micro Bitcoin options of 1,100 contracts
  • Micro Gold futures ADV increased 67% to 110,000 contracts
  • Micro Bitcoin futures increased 332% to 50,000 contracts
  • Micro Ether futures increased 212% to 33,000 contracts
  • Micro E-mini Equity Index futures and options ADV of 2.3 million contracts represented 38.8% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 3.8% of overall Energy ADV
• BrokerTec U.S. Repo average daily notional value (ADNV) increased 11% to $316.7 billion, European Repo ADNV increased 1% to €299.7 billion and U.S. Treasury ADNV increased 1% to $112.8 billion
• EBS Spot FX ADNV increased 15% to $58.3 billion and FX Link ADV increased 193% to 54,000 contracts ($5 billion notional)
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending September 2024 were $72.3 billion for cash collateral and $165.4 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

View original content:https://www.prnewswire.com/news-releases/cme-group-reports-october-2024-adv-of-24-3-million-contracts-302294725.html

SOURCE CME Group

FAQ

What was CME Group's average daily trading volume in October 2024?

CME Group reported an average daily volume (ADV) of 24.3 million contracts in October 2024, marking the second-highest October volume ever.

How much did CME Group's Energy ADV increase in October 2024?

CME Group's Energy ADV increased 16% to reach a record October level of 2.7 million contracts.

What was the performance of CME Group's Micro Bitcoin futures in October 2024?

CME Group's Micro Bitcoin futures increased 332% to 50,000 contracts in October 2024.

How did CME Group's Agricultural trading perform in October 2024?

CME Group's Agricultural ADV increased 23% to reach a record October level of 1.8 million contracts.