CME GROUP INC. CHICAGO, Oct. 4, 2016 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015. CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 percent versus September 2015, with electronic options averaging 1.7 million contracts per day, up 22 percent over the same period last year. Third-quarter 2016 volume averaged 14.3 million contracts per day, flat compared with a strong third-quarter 2015. CME Group year-to-date 2016 ADV through September averaged 15.4 million contracts per day, up 8 percent. Total open interest at the end of third-quarter 2016 was 103 million contracts, up 12 percent from year-end 2015. During the quarter, CME Group reached open interest approaching record levels, peaking at 111.2 million contracts on September 15, 2016.
Metals volume averaged 383,000 contracts per day in September 2016, up 30 percent from September 2015. Highlights include:
-- Grew Gold futures and options ADV 34 percent to 225,000 contracts
-- Increased Silver futures and options ADV 58 percent to 68,000 contracts
Energy volume averaged 2.4 million contracts per day in September 2016, up 25 percent from September 2015. Highlights include:
-- Achieved 31 percent growth in ADV across Natural Gas futures and options
products, driven primarily by electronic Natural Gas futures and options
ADV of 405,000 contracts, up 44 percent
-- Increased Natural Gas options ADV 40 percent to 105,000 contracts
-- Grew WTI Crude Oil futures ADV 46 percent to 1.2 million contracts
-- Achieved record electronic trading levels of WTI options, hitting 80
percent electronic, and September 2016 electronic WTI options ADV of
146,000 contracts grew 37 percent compared with September 2015
-- Reached record RBOB ADV of 223,000 contracts, up 58 percent from
September 2015
Interest rate volume averaged 6.5 million contracts per day in September 2016, up 5 percent from September 2015. Highlights include:
-- Grew Fed Fund futures ADV 24 percent to 179,000 contracts per day and
hit a new open interest high with more than 1.15 million contracts on
September 30, 2016
-- Reached record quarterly electronic trading level for Treasury options
at 73 percent in third-quarter 2016, up from 69 percent during the prior
quarter, and achieved 25 percent growth in weekly Treasury options ADV
-- Achieved new high for Ultra 10-Year Futures, reaching ADV of 72,000
contracts in third-quarter 2016, up from 61,000 in second-quarter 2016
Equity index volume averaged 3.8 million contracts per day in September 2016, up 3 percent from September 2015. Highlights include:
-- Grew E-mini S&P 500 end-of-month options ADV 128 percent to a record
117,000 contracts and E-mini S&P 500 weekly options ADV 99 percent to
358,000 contracts
-- Achieved record monthly volume for E-mini Nasdaq-100 end-of-month
options of 51,000 contracts
-- Record quarterly participation in CME Group's BTIC functionality with
over 343,000 contracts traded
Foreign exchange volume averaged 969,000 contracts per day in September 2016, up 2 percent from September 2015. Highlights include:
-- Grew British Pound futures and options ADV 18 percent to 130,000
contracts
-- Increased ADV of Emerging Market currency pairs futures and options,
with Russian Ruble up 179 percent, Mexican Peso up 51 percent and
Brazilian Real up 31 percent
Agricultural volume averaged 964,000 contracts per day in September 2016, down 9 percent from September 2015. Highlights include:
-- Grew Hard Red Winter Wheat futures and options ADV 30 percent and 21
percent respectively
Guidance
At the end of July 2016, CME Group announced the equity member subscription rate program. It offers all current and potential equity members the option to substitute a monthly subscription fee for their existing requirement to hold CME Group Class A common stock. Choosing to pay this fee in lieu of holding Class A shares is entirely voluntary. This program is in early stages; CME Group anticipates approximately $150,000 of revenue to be booked in Other Revenue for third-quarter 2016.
Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
(in thousands)
Sep 2016 Sep 2015
-------- --------
Trading Days 21 21
PRODUCT LINE Sep 2016 Sep 2015 Percent Change
-------- -------- --------------
Interest Rates 6,508 6,196 5%
Equity Indexes 3,761 3,664 3%
Foreign
Exchange (FX) 969 947 2%
Energy 2,440 1,948 25%
Agricultural
Commodities 964 1,060 -9%
Metals 383 295 30%
--- --- ---
Total 15,025 14,110 6%
VENUE Sep 2016 Sep 2015 Percent Change
-------- -------- --------------
Open outcry 942 1,054 -11%
CME Globex 13,424 12,296 9%
Privately
negotiated 659 760 -13%
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
(in thousands)
Q3 2016 Q3 2015
------- -------
Trading Days 64 64
PRODUCT LINE Q3 2016 Q3 2015 Percent Change
------- ------- --------------
Interest Rates 6,791 6,658 2%
Equity Indexes 2,876 3,287 -12%
Foreign
Exchange (FX) 772 855 -10%
Energy 2,294 1,965 17%
Agricultural
Commodities 1,156 1,267 -9%
Metals 431 353 22%
--- --- ---
Total 14,319 14,384 0%
VENUE Q3 2016 Q3 2015 Percent Change
------- ------- --------------
Open outcry 982 1,110 -12%
12,620
CME Globex 12,672 0%
Privately
negotiated 665 653 2%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT
LINE Sep-16 Aug-16 Jul-16 Jun-16
Interest
Rates 6,791 7,062 7,197 6,776
Equity
Indexes 2,876 2,816 2,920 2,957
Foreign
Exchange
(FX) 772 791 824 838
Energy 2,294 2,239 2,238 2,322
Agricultural
Commodities 1,156 1,437 1,529 1,722
Metals 431 464 488 468
--- --- --- ---
Total 14,319 14,809 15,196 15,082
VENUE Sep-16 Aug-16 Jul-16 Jun-16
Open
outcry 982 1,075 1,173 1,075
Electronic 12,672 13,038 13,318 13,355
Privately
negotiated 665 697 705 651
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT
LINE Aug-16 Jul-16 Jun-16 May-16
Interest
Rates 0.504 0.499 0.496 0.500
Equity
Indexes 0.693 0.708 0.709 0.710
Foreign
Exchange
(FX) 0.806 0.804 0.798 0.808
Energy 1.125 1.145 1.168 1.184
Agricultural
Commodities 1.326 1.294 1.291 1.287
Metals 1.557 1.567 1.562 1.584
----- ----- ----- -----
Total 0.763 0.765 0.782 0.786
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 products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. 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 and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.
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. 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
