CME Group Sets New, All-Time Quarterly ADV Record of 29.8 Million Contracts, Driven by Growth Across All Asset Classes

Rhea-AI Summary

CME Group has achieved a new all-time quarterly average daily volume (ADV) record of 29.8 million contracts in Q1 2025, marking a 13% year-over-year growth. The company reported the second-highest March ADV of 30.8 million contracts, up 27% from the previous year.

Key achievements include:

• Record quarterly ADV across multiple products: interest rate (15M contracts), equity index (8M contracts), agricultural (2M contracts), foreign exchange (1.1M contracts), and cryptocurrency products
• Record U.S. Treasury complex quarterly ADV of 9.2M contracts
• Henry Hub Natural Gas complex hit quarterly ADV record of 1.1M contracts
• Record international ADV of 8.8M contracts
• Record March equity index ADV of 9.7M contracts

Notable Q1 performance includes SOFR futures ADV increasing 14% to 4.1M contracts, Micro E-mini S&P 500 futures ADV rising 57% to 1.3M contracts, and cryptocurrency ADV reaching 198,000 contracts ($11.3B notional).

Positive

• Record quarterly ADV across all major product categories (interest rate, equity index, agricultural, FX, crypto)
• Strong 13% year-over-year growth in Q1 2025 total ADV
• 27% year-over-year increase in March 2025 trading volume
• Significant growth in SOFR futures trading (40% increase in March)
• Record international trading volumes indicating global market expansion

Negative

• None.

News Market Reaction

+0.11%

1 alert

+0.11% News Effect

On the day this news was published, CME gained 0.11%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

• Second-Highest March ADV of 30.8 million contracts, up 27% year-over-year
• Record quarterly ADV for interest rate, equity index, agricultural, foreign exchange and cryptocurrency products
• Record quarterly ADV in U.S. Treasury and Henry Hub Natural Gas complexes
• Record quarterly international ADV of 8.8 million contracts

CHICAGO, April 2, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its Q1 and March 2025 market statistics, with average daily volume (ADV) reaching a new, all-time quarterly record of 29.8 million contracts and the second-highest March ADV on record with 30.8 million contracts.

In Q1, the company's ADV grew 13% year-over-year, with record volume in interest rate, equity index, agricultural, foreign exchange and cryptocurrency products. CME Group's deeply liquid U.S. Treasury complex hit a quarterly ADV record of 9.2 million contracts and its Henry Hub Natural Gas complex set a quarterly ADV record of 1.1 million contracts.

March ADV grew 27% year-over-year, with record monthly equity index ADV of 9.7 million contracts and double-digit ADV growth in interest rate, energy, agricultural, foreign exchange and cryptocurrency products.

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

Q1 2025 highlights across asset classes compared to Q1 2024 include:

• Record quarterly Interest Rate ADV of 15 million contracts
  • Record U.S. Treasury futures and options ADV of 9.2 million contracts
    • Record 10-Year U.S Treasury Note futures ADV of 2.6 million contracts
    • Record 5-Year U.S. Treasury Note futures ADV of 1.9 million contracts
    • Record 10-Year U.S Treasury Note options ADV of 1.2 million contracts
    • Record 2-Year U.S. Treasury Note futures ADV of 1.1 million contracts
  • SOFR futures ADV increased 14% to 4.1 million contracts
• Record quarterly Equity Index ADV of 8 million contracts
  • Record Micro E-mini Nasdaq-100 futures ADV of 1.8 million contracts
  • Record E-mini Nasdaq-100 options ADV of 98,000 contracts
  • Micro E-mini S&P 500 futures ADV increased 57% to 1.3 million contracts
• Energy ADV of 2.9 million contracts, an increase of 20%
  • Record quarterly Energy options ADV of 558,000 contracts
  • Record quarterly Henry Hub Natural Gas futures ADV of 698,000 contracts
  • Record quarterly Henry Hub Natural Gas options ADV of 355,000 contracts
• Record quarterly Agricultural ADV of 2 million contracts
  • Record Agricultural options ADV of 412,000 contracts
  • Corn futures ADV increased 44% to 520,000 contracts
  • Soybean futures ADV increased 12% to 288,000 contracts
• Record quarterly Foreign Exchange ADV of 1.1 million contracts
  • Record Canadian Dollar futures ADV of 125,000 contracts
  • Japanese Yen futures ADV increased 11% to 194,000 contracts
• Metals ADV of 732,000 contracts, an increase of 8%
  • Micro Gold futures ADV increased 107% to 134,000 contracts
  • Gold options ADV increased 32% to 92,000 contracts
• Record quarterly Cryptocurrency ADV of 198,000 contracts ($11.3 billion notional)
  • Record Micro Ether futures ADV of 76,000 contracts
  • Record Bitcoin futures ADV of 18,000 contracts
  • Record Ether futures ADV of 13,000 contracts
  • Micro Bitcoin futures ADV increased 113% to 77,000 contracts
• Record quarterly International ADV of 8.8 million contracts, including record EMEA ADV of 6.5 million contracts and record Asia ADV of 2 million contracts

March 2025 highlights compared to March 2024 include:

• Interest Rate ADV of 14.6 million contracts, an increase of 31%
  • SOFR futures ADV increased 40% to 4.5 million contracts
  • 10-Year U.S. Treasury Note futures ADV increased 39% to 2.4 million contracts
  • 5-Year U.S. Treasury Note futures ADV increased 31% to 1.6 million contracts
  • 10-Year U.S. Treasury Note options ADV increased 27% to 1.1 million contracts
• Record monthly Equity Index ADV of 9.7 million contracts
  • Record Micro E-mini Nasdaq-100 futures ADV of 2.2 million contracts
  • E-mini S&P 500 futures ADV increased 21% to 2.4 million contracts
  • Micro E-mini S&P 500 futures ADV increased 91% to 1.6 million contracts
• Energy ADV of 2.6 million contracts, an increase of 21%
  • Henry Hub Natural Gas futures ADV increased 40% to 678,000 contracts
  • Henry Hub Natural Gas options ADV increased 71% to 316,000 contracts
• Agricultural ADV of 1.8 million contracts, an increase of 20%
  • Corn futures ADV increased 52% to 476,000 contracts
  • Corn options ADV increased 47% to 158,000 contracts
• Foreign Exchange ADV of 1.4 million contracts, an increase of 12%
  • Japanese Yen futures ADV increased 7% to 236,000 contracts
  • Canadian Dollar futures ADV increased 24% to 143,000 contracts
• Metals ADV of 720,000 contracts
  • Micro Gold futures ADV increased 81% to 137,000 contracts
• Cryptocurrency ADV of 176,000 contracts, an increase of 59% ($8.4 billion notional)
  • Micro Bitcoin futures ADV increased 18% to 72,000 contracts
  • Micro Ether futures ADV increased 180% to 67,000 contracts
  • Ether futures ADV increased 122% to 12,000 contracts
• International ADV increased 31% to 9.3 million contracts, with EMEA ADV up 33%, Asia ADV up 30% and Latin America ADV up 7%
• Micro Products ADV
  • Micro E-mini Equity Index futures and options ADV of 4.1 million contracts represented 42.6% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 2.1% of overall Energy ADV
• BrokerTec U.S. Repo average daily notional value (ADNV) increased 23% to $351.5 billion and European Repo ADNV increased 13% to €336.9 billion and U.S. Treasury ADNV increased 31% to $119.5 billion
• EBS Spot FX ADNV increased 39% to $76.2 billion and FX Link ADV increased 84% to 49,000 contracts ($4.4 billion notional per leg)
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending February 2025 were $75.8 billion for cash collateral and $179.8 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 is CME Group's Q1 2025 average daily trading volume (ADV)?

CME Group achieved a record quarterly ADV of 29.8 million contracts in Q1 2025, representing a 13% increase year-over-year.

How did CME's March 2025 trading volume perform compared to last year?

CME's March 2025 ADV grew 27% year-over-year to 30.8 million contracts, marking the second-highest March ADV on record.

What was CME's cryptocurrency trading volume in Q1 2025?

CME achieved a record quarterly cryptocurrency ADV of 198,000 contracts, equivalent to $11.3 billion in notional value.

How much did CME's SOFR futures trading increase in March 2025?

SOFR futures ADV increased 40% to 4.5 million contracts in March 2025 compared to March 2024.

What was CME's international trading performance in Q1 2025?

CME set a record quarterly international ADV of 8.8 million contracts, including record EMEA ADV of 6.5 million and Asia ADV of 2 million contracts.