CME Group
announced today (Wednesday) that its average daily trading volume (ADV) outside
the United States reached a record high of 6.8 million contracts in 2023, an 8%
increase over 2022.
The growth
was primarily driven by Equity Index and Interest Rate products, which rose 26%
and 23% respectively compared to the previous year.
In Europe, the Middle East, and Africa, the average daily volume hit 4.9 million contracts, up 13% versus 2022. This growth was led by a 29% rise in Interest
Rate products and a 26% increase in Agricultural products.
“As
uncertain market conditions continue into 2024, we remain committed to working
closely with our clients outside of the U.S. to access our robust, regulated
marketplace with round-the-clock liquidity,” Derek Sammann, the Senior Managing
Director and Global Head of Commodities, Options & International Markets at
CME Group, stated:
In Latin
America, the average daily volume grew to a record 176,000 contracts in 2023, up
11% from 2022. This was led by 28% growth in Foreign Exchange products, 27% in Interest Rate products, and 24% in Metals products.
The Asia
Pacific region reached 1.6 million contracts per day. Interest Rate product
volume was up 5% year-over-year to a record 689,000 contracts per day. In Canada, the average daily volume totaled 153,000 contracts in 2023, with the volume of Energy and Agricultural Products up 22% and 7%, respectively, versus 2022.
Global Full-Year 2023
Highlights
Globally,
CME Group reported a record average daily volume of 24.4 million contracts in
2023, a 5% increase compared to the previous year. This growth was largely
attributable to a 16% rise in Interest Rate products to 12.5 million contracts
per day.
Options ADV
saw an increase of 23%, reaching a record 5.1 million contracts. Record annual ADVs in Interest Rate, Equity Index, and Agricultural options drove this growth.
The Energy
sector’s ADV rose by 5%, totaling 2.1 million contracts, highlighted by a
record in Natural Gas options ADV. Agricultural and Metals sectors also improved their ADVs by 17% and 15%, respectively.
A month
ago, the company announced its plans to launch a new spot foreign exchange (FX)
marketplace called CME FX Spot+ in 2024. The platform will connect spot FX
participants directly with CME’s existing FX futures liquidity pool.
CME Group
announced today (Wednesday) that its average daily trading volume (ADV) outside
the United States reached a record high of 6.8 million contracts in 2023, an 8%
increase over 2022.
The growth
was primarily driven by Equity Index and Interest Rate products, which rose 26%
and 23% respectively compared to the previous year.
In Europe, the Middle East, and Africa, the average daily volume hit 4.9 million contracts, up 13% versus 2022. This growth was led by a 29% rise in Interest
Rate products and a 26% increase in Agricultural products.
“As
uncertain market conditions continue into 2024, we remain committed to working
closely with our clients outside of the U.S. to access our robust, regulated
marketplace with round-the-clock liquidity,” Derek Sammann, the Senior Managing
Director and Global Head of Commodities, Options & International Markets at
CME Group, stated:
In Latin
America, the average daily volume grew to a record 176,000 contracts in 2023, up
11% from 2022. This was led by 28% growth in Foreign Exchange products, 27% in Interest Rate products, and 24% in Metals products.
The Asia
Pacific region reached 1.6 million contracts per day. Interest Rate product
volume was up 5% year-over-year to a record 689,000 contracts per day. In Canada, the average daily volume totaled 153,000 contracts in 2023, with the volume of Energy and Agricultural Products up 22% and 7%, respectively, versus 2022.
Global Full-Year 2023
Highlights
Globally,
CME Group reported a record average daily volume of 24.4 million contracts in
2023, a 5% increase compared to the previous year. This growth was largely
attributable to a 16% rise in Interest Rate products to 12.5 million contracts
per day.
Options ADV
saw an increase of 23%, reaching a record 5.1 million contracts. Record annual ADVs in Interest Rate, Equity Index, and Agricultural options drove this growth.
The Energy
sector’s ADV rose by 5%, totaling 2.1 million contracts, highlighted by a
record in Natural Gas options ADV. Agricultural and Metals sectors also improved their ADVs by 17% and 15%, respectively.
A month
ago, the company announced its plans to launch a new spot foreign exchange (FX)
marketplace called CME FX Spot+ in 2024. The platform will connect spot FX
participants directly with CME’s existing FX futures liquidity pool.
