CME GROUP INC. CHICAGO, April 2, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that March 2015 volume averaged 13.7 million contracts per day, down 3 percent from March 2014. Total volume for March 2015 was 302 million contracts, of which 88 percent was traded electronically. Options volume in March averaged 2.6 million contracts per day, up 2 percent versus March 2014, with electronic options growing 12 percent over the same period.
CME Group interest rate volume averaged 6.5 million contracts per day in March 2015, down 8 percent compared with March 2014. Eurodollar futures volume averaged 2.6 million contracts per day, down 6 percent from the same period a year ago. Eurodollar options volume averaged 959,000 contracts per day, up 5 percent from March last year. Treasury futures volume averaged 2.4 million contracts per day, down 13 percent compared with March 2014. Treasury options volume averaged 481,000 contracts per day, down 20 percent from the same period last year.
CME Group foreign exchange (FX) volume averaged 1.1 million contracts per day, up 27 percent from March 2014. The average daily notional value of FX contracts traded in March was $112 billion. CME Group equity index volume in March 2015 averaged 2.8 million contracts per day, down 12 percent from the same period a year ago.
CME Group agricultural commodities volume averaged 1.1 million contracts per day in March 2015, down 1 percent compared with the prior-year period. CME Group energy volume averaged 1.9 million contracts per day, up 28 percent from March 2014. CME Group metals volume averaged 365,000 contracts per day, down 4 percent compared with the prior March.
In March 2015, CME Group cleared $161 billion in average daily notional value of over-the-counter (OTC) interest rate swaps. Month-end OTC interest rate swap open interest was $24.5 trillion, which represents 66 percent of clients' total cleared OTC interest rate swap open interest. Average daily trade count for the month was 2,391.
First-quarter 2015 volume averaged 15.0 million contracts per day, up 10 percent from first-quarter 2014, and represented the second highest quarterly volume ever. Record energy volume grew 26 percent compared with first-quarter 2014, and FX average daily volume grew 17 percent. Other quarterly highlights include record overall options average daily volume of 2.8 million contracts, record FX options average daily volume of 96,000 contracts, and record average daily volumes for WTI Crude oil, Brent Crude Oil, Heating Oil and Gasoline.
Guidance
CME Group receives dividends from BM&F BOVESPA (BVMF) associated with the company's 5 percent ownership stake. BVMF declared a regular cash dividend on March 5, 2015, with a second-quarter ex-dividend date. As a result, similar to prior years, CME Group will not receive a BVMF dividend in first-quarter 2015 and will record two dividends in the second quarter. Based on current exchange rates, the first of these dividends will total approximately $3.6 million, while details related to the second dividend have yet to be announced.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Mar 2015 Mar 2014
-------- --------
Trading Days 22 21
PRODUCT LINE Mar 2015 Mar 2014 Percent Change
-------- -------- --------------
Interest
Rates 6,467 7,036 -8%
Equity
Indexes 2,833 3,228 -12%
Foreign
Exchange
(FX) 1,087 855 27%
Energy 1,859 1,452 28%
Agricultural
Commodities 1,096 1,109 -1%
Metals 365 382 -4%
--- --- ---
Total 13,706 14,062 -3%
Mar 2014
VENUE Mar 2015 Percent Change
-------- --------------
1,194
Open outcry 1,136 -5%
12,116
CME Globex 12,004 -1%
752
Privately
negotiated* 567 -25%
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Q1 2015 Q1 2014
------- -------
Trading Days 61 61
PRODUCT LINE Q1 2015 Q1 2014 Percent Change
------- ------- --------------
Interest Rates 7,564 6,725 12%
Equity Indexes 2,772 2,891 -4%
Foreign Exchange (FX) 954 817 17%
Energy 2,142 1,705 26%
Agricultural Commodities 1,189 1,167 2%
Metals 369 355 4%
--- --- ---
Total 14,990 13,659 10%
VENUE Q1 2015 Q1 2014 Percent Change
------- ------- --------------
Open outcry 1,291 1,179 10%
CME Globex 13,034 11,703 11%
Privately negotiated* 665 778 -15%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Mar-15 Feb-15 Jan-15 Dec-14
Interest
Rates 7,564 7,621 6,862 7,445
Equity
Indexes 2,772 2,858 2,791 3,114
Foreign
Exchange
(FX) 954 907 961 959
Energy 2,142 2,091 1,939 1,797
Agricultural
Commodities 1,189 1,139 1,127 1,173
Metals 369 343 389 361
--- --- --- ---
Total 14,990 14,959 14,069 14,848
VENUE Mar-15 Feb-15 Jan-15 Dec-14
Open
outcry 1,291 1,290 1,152 1,218
Electronic 13,034 12,991 12,263 12,982
Privately
negotiated 665 679 654 648
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT
LINE Feb-15 Jan-15 Dec-14 Nov-14
Interest
Rates 0.475 0.474 0.472 0.471
Equity
Indexes 0.709 0.711 0.697 0.692
Foreign
Exchange
(FX) 0.815 0.789 0.760 0.746
Energy 1.254 1.272 1.279 1.299
Agricultural
Commodities 1.344 1.331 1.321 1.317
Metals 1.659 1.660 1.664 1.677
----- ----- ----- -----
Total 0.743 0.754 0.731 0.724
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform, its trading facilities in New York and Chicago, and through its London-based CME Europe derivatives exchange. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.
CME-G
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SOURCE CME Group
