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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%
