CME Group International Average Daily Volume Reaches Record 6.8 Million Contracts in 2023, Up 8% from 2022

LONDON and SINGAPORE, Jan. 10, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022. This record was driven largely by growth in Equity Index and Interest Rate products, up 26% and 23% respectively.

"Market participants across the globe turned to CME Group benchmark futures and options contracts given the heightened need for risk management across every asset class last year," said Derek Sammann, CME Group Senior Managing Director and Global Head of Commodities, Options & International Markets. "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."

In 2023, Europe, Middle East and Africa ADV hit a record 4.9 million contracts, up 13% from 2022. This was driven by a 29% rise in Interest Rate products and a 26% increase in Agricultural products.

Latin America ADV grew to a record 176,000 contracts in 2023, up 11% from 2022. This was led by 28% growth in Foreign Exchange products, 27% growth in Interest Rate products, and 24% growth in Metals products in the region. 

Asia Pacific ADV reached 1.6 million contracts in 2023. ADV of Interest Rate products in the region was up 5% year-on-year, hitting a record 689,000 contracts in 2023.

Canada ADV totaled 153,000 contracts in 2023, with ADV of Energy and Agricultural Products up 22% and 7% year-on-year respectively.

Globally, CME Group reported a record ADV of 24.4 million contracts in 2023, up 5% over 2022. This was largely driven by growth in Interest Rate ADV, up 16% to a record 12.5 million contracts, and Options ADV, up 23% to a record 5.1 million contracts.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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SOURCE CME Group