CME GROUP INC. CHICAGO, Oct. 2, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that September 2014 volume averaged 15.3 million contracts per day, up 17 percent from September 2013. Total volume for September 2014 was more than 320 million contracts, of which 86 percent was traded electronically. CME Group open interest hit a record level of 108.4 million contracts on September 11, and stands at approximately 104.1 million contracts at the end of the month, up 24 percent year-to-date.
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CME Group interest rate volume averaged 8.1 million contracts per day in September 2014, up 23 percent compared with September 2013. Eurodollar futures volume averaged 3.2 million contracts per day, up 26 percent from the same period a year ago. Eurodollar options volume averaged 1.2 million contracts per day, up 29 percent from September last year and included record average daily volume in the third-year Eurodollar mid-curve option contract. Treasury futures volume averaged 2.9 million contracts per day, up 17 percent compared with September 2013. Treasury options volume averaged 676,000 contracts per day, up 28 percent from the same period last year, and included a record 62 percent traded electronically. Overall CME Group interest rate open interest has increased 47 percent year-to-date.
CME Group FX volume averaged 1.2 million contracts per day, up 39 percent from September 2013, and included a record 110,000 FX options contracts, as well as record British Pound futures and options average daily volume. The average daily notional value of FX contracts traded in September was $134 billion. In addition, FX open interest hit an all-time high of 2.6 million contracts during September prior to the quarterly expiry. CME Group equity index volume in September 2014 averaged 3.1 million contracts per day, up 6 percent from the same period a year ago.
CME Group agricultural commodities volume averaged 1.0 million contracts per day in September 2014, up 13 percent compared with the prior-year period. CME Group energy volume averaged 1.6 million contracts per day in September 2014, up 3 percent from September 2013. CME Group metals volume in September 2014 averaged 325,000 contracts per day, down 1 percent compared with the prior September.
In September 2014, CME Group cleared a record $178 billion in average daily notional value of over-the-counter (OTC) interest rate swaps. During the month, OTC interest rate swap open interest increased 3 percent from the end of August to $20.1 trillion, which represents 56 percent of clients' total cleared OTC interest rate swap open interest.
Third-quarter 2014 volume averaged 13.5 million contracts per day, up 12 percent from third-quarter 2013, and included 23 percent growth in interest rate average daily volume. The main highlights included quarterly records for overall options, as well as FX options, 5-Year Treasury options, and E-mini S&P 500 weekly options. Quarterly average daily volume records were also achieved in Brent futures and options, as well as Live Cattle futures and options.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Sep 2014 Sep 2013
-------- --------
Trading Days 21 20
PRODUCT LINE Sep 2014 Sep 2013 Percent Change
-------- -------- --------------
Interest Rates 8,074 6,554 23%
Equity Indexes 3,070 2,888 6%
Foreign Exchange
(FX) 1,150 825 39%
Energy 1,597 1,555 3%
Agricultural
Commodities 1,038 918 13%
Metals 325 327 -1%
--- --- ---
Total 15,254 13,067 17%
VENUE Sep 2014 Sep 2013 Percent Change
-------- -------- --------------
Open outcry 1,445 1,312 10%
CME Globex 13,046 11,034 18%
Privately
negotiated* 763 722 6%
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
3Q 2014 3Q 2013
------- -------
Trading
Days 64 64
PRODUCT
LINE 3Q 2014 3Q 2013 Percent Change
------- ------- --------------
Interest
Rates 7,181 5,839 23%
Equity
Indexes 2,586 2,408 7%
Foreign
Exchange
(FX) 797 792 1%
Energy 1,562 1,609 -3%
Agricultural
Commodities 1,058 1,009 5%
Metals 308 360 -14%
--- --- ---
Total 13,493 12,018 12%
VENUE 3Q 2014 3Q 2013 Percent Change
------- ------- --------------
Open
outcry 1,208 1,173 3%
CME
Globex 11,627 10,199 14%
Privately
negotiated* 657 646 2%
Note that the KCBT hard red winter wheat average daily volume is included within the CME Group venue rollup as of April 1, 2013, but not historically prior to that date, following the acquisition which closed on November 30, 2012.
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Sep-14 Aug-14 Jul-14 Jun-14
Interest
Rates 7,181 6,643 6,741 6,668
Equity
Indexes 2,586 2,392 2,353 2,465
Foreign
Exchange
(FX) 797 671 645 638
Energy 1,562 1,534 1,520 1,457
Agricultural
Commodities 1,058 1,104 1,057 1,084
Metals 308 308 322 323
--- --- --- ---
Total 13,493 12,651 12,638 12,636
VENUE Sep-14 Aug-14 Jul-14 Jun-14
Open outcry 1,208 1,092 1,108 1,100
Electronic 11,627 10,925 10,863 10,888
Privately
negotiated* 657 634 667 647
*The privately negotiated venue includes both traditional block trades as well as what was historically categorized as CME ClearPort. Going forward there will no longer be a break out for CME ClearPort.
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT LINE Aug-14 Jul-14 Jun-14 May-14
Interest Rates 0.473 0.470 0.473 0.477
Equity Indexes 0.695 0.704 0.714 0.712
Foreign
Exchange (FX) 0.830 0.850 0.861 0.854
Energy 1.259 1.250 1.298 1.340
Agricultural
Commodities 1.398 1.409 1.430 1.410
Metals 1.709 1.712 1.715 1.723
----- ----- ----- -----
Total 0.740 0.737 0.749 0.748
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 and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers 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
SOURCE CME Group
