CME Group (SLF) reported a record-driven August 2024 with average daily volume (ADV) of 31.7 million contracts, up 31% year-over-year across six asset classes. Interest rate ADV hit a record 18.3 million and U.S. Treasury futures/options set an all-time monthly record of 11.5 million contracts. SOFR futures and options ADV rose 48% to 6.3 million. Equity index ADV reached 7.5 million and international ADV was a record 8.9 million. BrokerTec U.S. Treasury notional volume reached a year-to-date high of $249 billion on August 5.
Loading...
Loading translation...
Positive
Overall ADV +31% YoY to 31.7M contracts
Interest rate ADV record of 18.3M contracts
U.S. Treasury futures/options monthly record of 11.5M contracts
SOFR futures/options ADV +48% to 6.3M contracts
International ADV record of 8.9M contracts
BrokerTec U.S. Treasury notional peak of $249B on Aug 5
Negative
None.
Key Figures
Total ADV:31.7 million contractsInterest Rate ADV:18.3 million contractsU.S. Treasury ADV:11.5 million contracts+5 more
8 metrics
Total ADV31.7 million contractsCME Group August 2024 average daily volume
Interest Rate ADV18.3 million contractsRecord August 2024 interest rate ADV
U.S. Treasury ADV11.5 million contractsRecord August 2024 U.S. Treasury futures and options ADV
SOFR ADV6.3 million contractsSOFR futures and options ADV, up 48% vs August 2023
International ADV8.9 million contractsRecord international ADV in August 2024
FX Link single-day volume$13.5BRecord single-day volume on August 5
Cash collateral$71.8 billionCustomer average collateral balances, 3 months ending July 2024
Non-cash collateral$160.8 billionCustomer average collateral balances, 3 months ending July 2024
Market Reality Check
Price:$65.38Vol:Volume 537,254 is 1.53x t...
high vol
$65.38Last Close
VolumeVolume 537,254 is 1.53x the 20-day average of 351,697 shares.high
TechnicalPrice 61.96 is trading above the 200-day MA at 60.7.
Peers on Argus
SLF gained 0.86% with above-average volume, while key insurance peers ACGL, AIG,...
SLF gained 0.86% with above-average volume, while key insurance peers ACGL, AIG, BNT and AEG were also positive (up between 0.6% and 1.17%), and WTW was flat. However, no peers appeared in the momentum scanner, pointing to stock-specific rather than broad sector momentum.
Health Access Hero Award and $10,000 donation to Joshua's Heart.
Pattern Detected
Recent SLF headlines have focused on awards and community grants; despite generally positive sentiment, the stock has more often drifted slightly lower than higher following such news.
Recent Company History
Over the last several months, SLF news has centered on U.S. workplace recognition and community-focused grants. Awards such as Top Place to Work in Baltimore and Boston, and leadership recognition for HR, highlighted strong retention near 95% and flexible benefits. Community programs with DentaQuest delivered grants up to $100,000 and donations of $10,000. Despite these positive developments, price moves following these items were modest, often slightly negative, suggesting limited immediate trading impact from similar news.
Market Pulse Summary
This announcement highlights record trading activity and liquidity metrics at a major derivatives ma...
Analysis
This announcement highlights record trading activity and liquidity metrics at a major derivatives marketplace, including total ADV of 31.7 million contracts and record interest rate and U.S. Treasury volumes. For SLF, the linkage is indirect and sits alongside a history of community and recognition-focused news that has produced limited price impact. Investors tracking SLF may focus on how such ecosystem developments intersect with its risk management, asset exposure, and future earnings disclosures rather than this single volume update.
Key Terms
futures, options, SOFR, notional volume, +4 more
8 terms
futuresfinancial
"enables clients to trade futures, options, cash and OTC markets"
A futures contract is a standardized agreement to buy or sell an asset (like a commodity, currency, or stock index) at a fixed price on a specific future date. Think of it like locking in the price of a house today for a move-in years from now: it lets buyers and sellers protect themselves against price swings or bet on which way prices will move. For investors, futures matter because they provide a cheap way to manage risk, amplify returns through leverage, and signal market expectations that can move cash prices.
optionsfinancial
"enables clients to trade futures, options, cash and OTC markets"
Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.
SOFRfinancial
"In addition, SOFR futures and options volume climbed 48% to 6.3 million"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
notional volumefinancial
"BrokerTec cash U.S. Treasury notional volume hit a year-to-date record"
Notional volume is the total dollar value represented by a set of financial contracts — calculated by multiplying the number of contracts by the price of the underlying asset — rather than the count of contracts alone. Think of it like reporting the total cost of items in a shopping cart instead of just how many items are in the cart. Investors use it to gauge the true size, market activity and potential risk or exposure tied to trades or positions.
average daily volumefinancial
"reported its second-highest monthly volume ever, with average daily volume (ADV)"
Average daily volume is the typical number of shares or contracts of a security traded each day, calculated by averaging daily trading amounts over a recent period. It matters to investors because it indicates how easy it is to buy or sell without moving the price—like traffic on a road: high volume is a busy freeway that lets many cars pass smoothly, while low volume can make large orders cause big price changes and higher costs.
central counterparty clearingfinancial
"operates one of the world's leading central counterparty clearing providers, CME Clearing"
A central counterparty clearing (CCP) is a specialized financial intermediary that sits between buyers and sellers of securities or derivatives, becoming the buyer to every seller and the seller to every buyer to guarantee trades are completed. Like an insurance-backed referee, it manages the risk of someone failing to pay by requiring collateral, pooling resources, and simplifying many trades into smaller net payments, which helps investors by lowering the chance of loss from a counterparty default and improving market stability and liquidity.
Repofinancial
"U.S. Repo average daily notional value (ADNV) increased 1% to $295 billion"
A repo, short for repurchase agreement, is a short-term loan where one party sells securities, like government bonds, to another with the promise to buy them back later at a slightly higher price. It functions like a temporary loan secured by the securities, providing quick cash for the seller. Investors pay attention to repos because they influence liquidity and interest rates in financial markets.
OTC marketsfinancial
"trade futures, options, cash and OTC markets, optimize portfolios"
Over-the-counter (OTC) markets are trading venues where buyers and sellers deal directly through dealers or electronic networks instead of on a formal exchange; think of a neighborhood flea market versus a supermarket. They matter to investors because OTC-listed stocks often represent smaller or international companies with fewer reporting requirements, which can mean lower liquidity, wider price swings and higher risk but sometimes earlier access to growth opportunities.
AI-generated analysis. Not financial advice.
The investment supports expanding the Geriatric and Special Needs Dentistry Program
WELLESLEY, Mass., Jan. 15, 2026 /PRNewswire/ -- DentaQuest, part of Sun Life U.S., today announced a $30,000 contribution to the University of Iowa College of Dentistry and Dental Clinics. The donation supports the college's Geriatric and Special Needs Dentistry Program, which addresses complex challenges related to aging and special needs, and provides comprehensive dental services to these vulnerable populations.
This donation is DentaQuest's most recent investment to support efforts to diversify and expand the dental workforce. The U.S. population of adults ages 65+ is growing, necessitating the need for more geriatric dental care specialists. This funding will help attract talented dental residents, preparing them to treat this underserved population and encouraging an interest in academia. The program has produced 19 graduates to date, helping to fill vacant faculty positions nationwide.
"This contribution from DentaQuest and Sun Life is an important investment in the clinicians and educators who will shape the future of geriatric and special needs dentistry," said Dr. Leonardo Marchini, professor and Chair of the Department of Preventive and Community Dentistry at the University of Iowa. "Our residents gain experience caring for patients with complex medical and behavioral needs, and support like this allows us to expand that training and reach more individuals who rely on such oral health expertise. We are grateful for this partnership and the shared commitment to improving care for vulnerable populations."
The program is recognized as a leader in efforts to address the growing challenge of ensuring geriatric and special needs populations have access to oral care. It is known for employing mobile dental units to deliver comprehensive care to institutionalized older adults and focusing on the community's future oral health needs.
"Sun Life and DentaQuest are proud to support programs that strengthen care for people who often face the greatest barriers to oral health," said Dr. Todd Gray, chief dental officer at Sun Life U.S. "The University of Iowa's commitment to training specialists who can confidently serve older adults and individuals with unique care needs aligns with our mission to expand access to care for higher-risk communities. By helping cultivate emerging leaders and educators in this field, we're investing in a future where more patients receive the tailored, compassionate dental care they deserve."
Prior to this contribution, DentaQuest has supported a number of Iowa community-based non-profits including the Mission of Mercy and Focus on Diabetes. DentaQuest this year has also supported academic dentistry programs at the University of Oklahoma, Louisiana State University, and several other colleges and schools across the country.
About DentaQuest Sun Life U.S. Dental, which includes DentaQuest, is dedicated to improving the oral health of all through purpose-driven, outcomes-based solutions. We make dental benefits better for everyone through Preventistry® – an inclusive approach centered on preventive, quality care, expanded access and solutions built on valued relationships across the health care ecosystem. We manage dental and vision benefits for approximately 35 million Americans. For 30 years, we have delivered cost-effective benefit plans and services for employer groups, individuals, health plans, and government-sponsored dental programs. We are the largest Medicaid and CHIP dental benefits administrator in the U.S., by membership. We also support direct patient care through an expanding network of approximately 75 dental practices in underserved communities across the United States. Learn more about Sun Life U.S. Dental at sunlife.com/dental and dentaquest.com.
What did CME Group report for August 2024 ADV and how did it compare year-over-year for SLF?
CME Group reported August 2024 ADV of 31.7 million contracts, a 31% increase versus August 2023.
Which CME Group product classes set records in August 2024 for SLF?
Record August ADV was set in interest rates (18.3M), U.S. Treasury futures/options (11.5M), equity index, agricultural, foreign exchange and international ADV (8.9M).
How much did SOFR futures and options ADV change in August 2024 for SLF?
SOFR futures and options ADV increased 48% to 6.3 million contracts in August 2024.
What was BrokerTec's notable August 2024 metric reported by CME Group for SLF?
BrokerTec U.S. Treasury notional volume reached a year-to-date high of $249 billion on August 5, 2024.
How did international trading volumes perform for CME Group in August 2024 for SLF?
International ADV reached a record 8.9 million contracts, with record EMEA ADV and growth in Asia (+37%) and Latin America (+18%).
