CME GROUP INC. CHICAGO, Jan. 5, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that December 2014 volume averaged 13.6 million contracts per day, up 25 percent from December 2013. Total volume for December 2014 was more than 299 million contracts, of which 87 percent was traded electronically. Options volume in December averaged 2.6 million contracts per day, up 27 percent versus December 2013, with electronic options growing 44 percent over the same period.
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CME Group interest rate volume averaged 6.6 million contracts per day in December 2014, up 32 percent compared with December 2013. Eurodollar futures volume averaged 2.9 million contracts per day, up 44 percent from the same period a year ago. Eurodollar options volume averaged 853,000 contracts per day, up 31 percent from December last year. Treasury futures volume averaged 2.3 million contracts per day, up 25 percent compared with December 2013. Treasury options volume averaged 584,000 contracts per day, up 9 percent from the same period last year. Overall CME Group interest rate open interest increased 28 percent in 2014.
CME Group foreign exchange (FX) volume averaged 957,000 contracts per day, up 26 percent from December 2013. The average daily notional value of FX contracts traded in December was $107 billion. CME Group equity index volume in December 2014 averaged 3.1 million contracts per day, up 24 percent from the same period a year ago.
CME Group agricultural commodities volume averaged 952,000 contracts per day in December 2014, up 20 percent compared with the prior-year period. CME Group energy volume averaged 1.7 million contracts per day, up 11 percent from December 2013. CME Group metals volume averaged 293,000 contracts per day, up 6 percent compared with the prior December.
In December 2014, CME Group cleared $167 billion in average daily notional value of over-the-counter (OTC) interest rate swaps. During the month, OTC interest rate swap open interest increased to $22.9 trillion, which represents 64 percent of clients' total cleared OTC interest rate swap open interest. Average daily trade count for the month was 1,944.
Fourth-quarter 2014 volume averaged 14.8 million contracts per day, up 31 percent from fourth-quarter 2013, and included 41 percent growth in interest rate average daily volume, as well as 36 percent growth in FX average daily volume and 26 percent in equities. The main highlights also included quarterly average daily volume records for overall options, as well as FX and equity options.
Full-year 2014 volume averaged a record 13.7 million contracts per day, up 9 percent from 2013, and included 19 percent growth in interest rate average daily volume. The main highlights also included annual average daily volume records for interest rates and treasuries. Overall open interest was 94 million contracts at year-end, up 12 percent from year-end 2013, and open interest reached a record 109 million contracts during November 2014.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Dec 2014 Dec 2013
-------- --------
Trading Days 22 21
PRODUCT LINE Dec 2014 Dec 2013 Percent Change
-------- -------- --------------
Interest Rates 6,624 5,011 32%
Equity Indexes 3,076 2,487 24%
Foreign Exchange (FX) 957 760 26%
Energy 1,719 1,547 11%
Agricultural
Commodities 952 793 20%
Metals 293 276 6%
--- --- ---
Total 13,623 10,873 25%
VENUE Dec 2014 Dec 2013 Percent Change
-------- -------- --------------
Open outcry 1,133 938 21%
CME Globex 11,882 9,243 29%
Privately negotiated* 607 693 -12%
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Q4 2014 Q4 2013
------- -------
Trading Days 64 64
PRODUCT LINE Q4 2014 Q4 2013 Percent Change
------- ------- --------------
Interest Rates 7,445 5,274 41%
Equity Indexes 3,114 2,471 26%
Foreign Exchange
(FX) 959 705 36%
Energy 1,797 1,571 14%
Agricultural
Commodities 1,173 992 18%
Metals 361 317 14%
--- --- ---
Total 14,848 11,331 31%
Q4 2014 Q4 2013 Percent Change
VENUE
---
Open outcry 1,218 957 27%
CME Globex 12,982 9,723 34%
Privately
negotiated* 648 651 0%
ANNUAL AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
2014
2013
Trading Days 252 252
PRODUCT LINE 2014 2013 Percent Change
---- ---- --------------
Interest Rates 7,009 5,903 19%
Equity Indexes 2,764 2,642 5%
Foreign Exchange (FX) 803 885 -9%
Energy 1,630 1,676 -3%
Agricultural Commodities 1,120 1,053 6%
Metals 337 386 -13%
--- --- ---
Total 13,663 12,546 9%
2014 2013 Percent Change
VENUE
---
Open outcry 1,176 1,040 13%
CME Globex 11,805 10,821 9%
Privately negotiated* 682 679 0%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Dec-14 Nov-14 Oct-14 Sep-14
Interest
Rates 7,445 7,941 8,221 7,181
Equity
Indexes 3,114 3,112 3,158 2,586
Foreign
Exchange
(FX) 959 1,024 937 797
Energy 1,797 1,757 1,609 1,562
Agricultural
Commodities 1,173 1,205 1,127 1,058
Metals 361 373 312 308
--- --- --- ---
Total 14,848 15,411 15,364 13,493
Dec-14 Nov-14 Oct-14 Sep-14
VENUE
Open
outcry 1,218 1,323 1,358 1,208
Electronic 12,982 13,387 13,330 11,627
Privately
negotiated* 648 701 676 657
*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 Nov-14 Oct-14 Sep-14 Aug-14
Interest
Rates 0.471 0.467 0.473 0.473
Equity
Indexes 0.692 0.684 0.687 0.695
Foreign
Exchange
(FX) 0.746 0.759 0.788 0.830
Energy 1.299 1.302 1.291 1.259
Agricultural
Commodities 1.317 1.331 1.362 1.398
Metals 1.677 1.692 1.707 1.709
----- ----- ----- -----
Total 0.724 0.705 0.725 0.740
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.
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SOURCE CME Group
