CME Group Sets New May ADV Record of 28.9 Million Contracts, Up 11% Year Over Year

Rhea-AI Summary

CME Group achieved record-breaking performance in May 2025 with average daily volume (ADV) reaching 28.9 million contracts, up 11% year-over-year. The company set new May records across multiple segments, with Interest Rate ADV hitting 16.2 million contracts, Metals ADV at 933,000 contracts, and Cryptocurrency ADV reaching 197,000 contracts. Notable growth includes SOFR futures ADV increasing 31% to 4 million contracts, Micro E-mini S&P 500 futures ADV rising 60% to 1.3 million contracts, and cryptocurrency products showing exceptional growth with Micro Ether futures ADV up 235%. International business expanded significantly, with overall ADV up 15% to 8.7 million contracts. BrokerTec and EBS platforms also demonstrated strong performance, with U.S. Repo ADNV up 28.6% to $352 billion and EBS Spot FX ADNV increasing 27% to $67.8 billion.

Positive

• Record May ADV of 28.9 million contracts, representing 11% year-over-year growth
• Strong growth in SOFR futures with 31% increase to 4 million contracts ADV
• Significant cryptocurrency segment growth with Micro Ether futures ADV up 235%
• International business expansion with ADV up 15% to 8.7 million contracts
• BrokerTec U.S. Repo ADNV increased 28.6% to $352 billion
• Customer collateral balances remain robust at $97.2 billion cash and $162.9 billion non-cash

Negative

• None.

Insights

Financial Markets Analyst

CME Group achieves record May trading volumes across key products, signaling strong market activity and potential revenue growth.

CME Group has delivered impressive May 2025 trading statistics, posting a record average daily volume (ADV) of 28.9 million contracts, representing a solid 11% year-over-year growth. This performance indicates strong market engagement across CME's derivatives platforms.

The standout performer was the Interest Rate segment, achieving record May ADV of 16.2 million contracts (up 13%). This surge reflects heightened market activity as traders navigate the current interest rate environment. Particularly notable was the 31% growth in SOFR futures to 4 million contracts daily, underscoring the continued transition from LIBOR to alternative reference rates.

Equity Index ADV increased 15%, with Micro E-mini products showing exceptional strength. Micro E-mini Nasdaq 100 and S&P 500 futures saw growth of 37% and 60% respectively, highlighting retail trader participation and increased market accessibility through these smaller contract sizes.

Cryptocurrency ADV exhibited remarkable growth of 145% to 197,000 contracts daily, with Micro Ether futures up 235%. This surge reflects growing institutional adoption of crypto derivatives and CME's strengthening position in this emerging asset class.

International ADV grew 15% to 8.7 million contracts, with EMEA up 14% and Asia up 24%, highlighting CME's global expansion. The BrokerTec and EBS platforms also showed strong growth, with U.S. Repo ADNV up 28.6% to $352 billion and Spot FX ADNV up 27% to $67.8 billion.

Customer collateral balances remain robust at $97.2 billion in cash and $162.9 billion in non-cash for the three months ending April 2025, indicating strong clearing activity and risk management demand.

These volume metrics suggest CME Group is likely experiencing corresponding revenue growth, as higher trading volumes typically translate to increased transaction and clearing fees, which form the core of CME's business model.

• Record May ADV in interest rate, metals and cryptocurrency products
• SOFR futures ADV grew 31% over May 2024
• International ADV increased 15% to 8.7 million contracts

CHICAGO, June 3, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported it reached the highest May average daily volume (ADV) on record at 28.9 million contracts, an increase of 11% year-over-year. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

May 2025 ADV across asset classes includes:

• Record May Interest Rate ADV of 16.2 million contracts
• Equity Index ADV of 6.6 million contracts
• Energy ADV of 2.6 million contracts
• Agricultural ADV of 1.6 million contracts
• Record May Metals ADV of 933,000 contracts
• Foreign Exchange ADV of 893,000 contracts
• Record May Cryptocurrency ADV of 197,000 contracts ($10 billion notional)

Additional May 2025 product highlights compared to May 2024:

• Interest Rate ADV increased 13%
  • SOFR futures ADV increased 31% to 4 million contracts
  • U.S. Treasury futures and options ADV increased 6% to 10.6 million contracts
  • Interest Rate options ADV increased 11% to 2.7 million contracts
• Equity Index ADV increased 15%
  • Micro E-mini Nasdaq 100 futures ADV increased 37% to 1.5 million contracts
  • Micro E-mini S&P 500 futures ADV increased 60% to 1.3 million contracts
• Energy ADV increased 6%
  • Record May Energy options ADV of 445,000 contracts
• Metals ADV increased 8%
  • Record monthly Micro Gold futures ADV of 347,000 contracts
• Cryptocurrency ADV increased 145%
  • Record monthly Ether futures ADV of 17,000 contracts
  • Micro Ether futures ADV increased 235% to 92,000 contracts
  • Micro Bitcoin futures ADV increased 95% to 65,000 contracts
• Micro Products ADV
  • Micro E-mini Equity Index futures and options ADV of 3 million contracts represented 45.3% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 2.5% of overall Energy ADV
• International ADV increased 15% to 8.7 million contracts, with EMEA ADV up 14% to 6.4 million contracts and Asia ADV up 24% to 2 million contracts
• BrokerTec U.S. Repo average daily notional value (ADNV) increased 28.6% to $352 billion, European Repo ADNV increased 3% to €306.7 billion and U.S. Treasury ADNV increased 20% to $101.1 billion
• EBS Spot FX ADNV increased 27% to $67.8 billion and FX Link ADV increased 52% to 43,000 contracts ($2.9 billion notional per leg)
• Customer average collateral balances to meet performance bond requirements for rolling 3-months ending April 2025 were $97.2 billion for cash collateral and $162.9 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-sets-new-may-adv-record-of-28-9-million-contracts-up-11-year-over-year-302471505.html

SOURCE CME Group

FAQ

What was CME Group's average daily trading volume in May 2025?

CME Group's average daily volume (ADV) in May 2025 was 28.9 million contracts, representing an 11% increase year-over-year.

How much did CME's SOFR futures trading volume grow in May 2025?

CME's SOFR futures ADV increased 31% to 4 million contracts compared to May 2024.

What was the growth in CME's international business for May 2025?

CME's international ADV increased 15% to 8.7 million contracts, with EMEA up 14% to 6.4 million contracts and Asia up 24% to 2 million contracts.

How did CME's cryptocurrency trading perform in May 2025?

CME's cryptocurrency ADV reached a May record of 197,000 contracts ($10 billion notional), with Micro Ether futures ADV up 235% and Micro Bitcoin futures ADV up 95%.

What was CME Group's customer collateral balance in 2025?

For the three months ending April 2025, customer collateral balances were $97.2 billion in cash and $162.9 billion in non-cash collateral.