CME Group Hits Daily Trading Volume Record of More Than 66 Million Contracts

CME Group records record interest rate and Equity Index SOFR futures and 30 Day Fed Funds futures volumes

March 14, 2023 - CME Group, a derivatives marketplace, announced its highest daily volume on record, with 66,250,862 contracts traded on March 13. This follows the company's fourth highest daily volume on March 10, when 56,433,765 contracts traded.

"Given the extreme volatility in today's environment, exacerbated by the recent failures of Silicon Valley Bank and Signature Bank, we are seeing a flight to futures as participants turn to our deeply liquid markets," said CME Group Chairman and Chief Executive Officer Terry Duffy.

"The importance of risk management cannot be overstated. Our futures and options on futures products are doing what they were designed to do, as investors seek to protect their portfolios amid heightened volatility."

The company also reached the following daily records across its Interest Rate and Equity Index complexes on March 13: