CME Group Reports Second-Highest March and Quarterly ADV on Record

CME Group reported a 24% ADV growth in March 2023 and a 4% rise in Q1 to present their second highest quarterly volume. 

April 4, 2023 - CME Group a derivatives marketplace reported its March and Q1 2023 market statistics, showing average daily volume (ADV) increased 24% to 30.3 million contracts in March, representing the company's second-highest March ADV on record. Q1 ADV increased 4% to 26.9 million contracts, the second-highest quarterly volume ever. 

Details of the figures for March 2023 ADV across asset classes include:

• Interest Rate ADV of 16.7 million contracts
• Equity Index ADV of 8.1 million contracts
• Record Options ADV of 6.6 million contracts
• Energy ADV of 2.1 million contracts
• Agricultural ADV of 1.4 million contracts
• Foreign Exchange ADV of 1.2 million contracts
• Metals ADV of 699,000 contracts

Additional March 2023 product highlights compared to March 2022 include:

• Interest Rate ADV increased 40%
  • Record SOFR futures ADV of 5,158,969 contracts, with record open interest (OI) of 10,979,379 contracts on March 9
  • Record SOFR options ADV of 2,943,422 contracts, with record OI of 45,169,674 contracts on March 9
  • Record 30-Day Fed Fund futures ADV of 821,131 contracts
  • Record 5-Year U.S. Treasury Note options of 406,365 contracts
  • 2-Year U.S. Treasury Note options ADV increased 2,926%
  • 5-Year U.S. Treasury Note futures ADV increased 35%
  • 10-Year U.S. Treasury Note futures ADV increased 19%
• Options ADV increased 46%
  • Record Interest Rate options ADV of 4,438,990 contracts
  • Equity Index options ADV increased 39%
  • Foreign Exchange options ADV increased 29%
  • Metals options ADV increased 23%
• Equity Index ADV increased 13%
  • E-mini Nasdaq-100 options ADV increased 60%
  • E-mini S&P 500 futures ADV increased 29%
  • E-mini Russell 2000 futures ADV increased 19%
• Agricultural ADV increased 11%
  • Record Feeder Cattle futures ADV of 19,100 contracts
  • Soybean Meal options ADV increased 90%
  • Lean Hog futures ADV increased 27%
• Foreign Exchange ADV increased 17%
  • Record Mexican Peso futures ADV of 105,498 contracts
  • Japanese Yen futures ADV increased 36%
  • Canadian Dollar futures ADV increased 23%
• Metals increased 12%
  • Aluminum futures ADV increased 345%
  • Copper futures ADV increased 46%
  • Gold options ADV increased 17%
• Bitcoin futures ADV increased 51%
• Ether futures ADV increased 46%

Micro E-mini futures and options represented 34.3% of overall Equity Index ADV, Micro 

ADV outside the United States increased 20% to 8.4 million contracts, including 44% growth in Latin America, 19% in Asia and 21% in EMEA.

WTI Crude Oil futures accounted for 4.8% of overall Energy ADV, Micro Bitcoin futures accounted for 0.1% and Micro Ether futures accounted for 0.1% of overall Equity Index ADV.

BrokerTec European Repo average daily notional value (ADNV) increased 10% to €372B and U.S. Repo ADNV increased 1% to $289B

Q1 2023 highlights across asset classes compared to Q1 2022 include:

• Record Interest Rate ADV of 14,489,970 contracts, an increase of 16% year-over-year
  • Record SOFR futures ADV of 3,907,864 contracts
  • Record SOFR options ADV of 2,428,682 contracts
  • Record 5-Year U.S. Treasury Note futures ADV of 1,568,475 contracts
  • Record 30-Day Fed Fund futures ADV of 601,203 contracts
  • Record Ultra 10-Year U.S. Treasury Note futures ADV of 481,782 contracts
• Record Options ADV of 5,810,179 contracts, an increase of 26% year-over-year
  • Record Interest Rate options ADV of 3,831,676 contracts
  • Record Equity Index options ADV of 1,336,710 contracts
  • Metals options ADV increased 23%
• Foreign Exchange ADV increased 7%
  • Japanese Yen futures ADV increased 33%
  • Mexican Peso futures ADV increased 32%
• Metals increased 9%
  • Record Copper options ADV of 8,633 contracts
  • Record Micro Copper futures ADV of 5,571 contracts
  • Record Aluminum futures ADV of 3,963 contracts
• Bitcoin futures ADV increased 26%
• Ether futures ADV increased 14%