CME Group Reaches Second-Highest Monthly Volume Ever, Averaging 23.9 Million Contracts Per Day in May 2019

- Record Non-U.S. average daily volume of 5.9 million contracts

- Second-highest options monthly average daily volume of 5 million contracts

- Record open interest surpassing 143 million contracts

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Jun 04, 2019, 07:30 ET

CHICAGO, June 4, 2019 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 23.9 million contracts during May 2019, up 19% from May 2018. Open interest (OI) at the end of May was 143 million contracts, up 24% from year-end 2018 and up 14% from May 2018. OI reached a record 143.5 million contracts on May 23, 2019.

Equity Index volume averaged 4.2 million contracts per day in May 2019, up 61% from May 2018. Highlights include:

Micro E-mini equity index futures, launched May 6, averaged 489,000 contracts per day in May, and traded nearly 9.3 million contracts in total volume – the most successful product launch ever at CME Group
Record Bitcoin futures ADV, up 246% to 13,600 contracts
E-mini S&P 500 futures and options ADV increased 44% to 2.7 million contracts
E-mini Nasdaq-100 futures and options ADV grew 66% to 594,000 contracts
Mini $5 Dow futures and options ADV increased 33% to 268,000 contracts
E-mini Russell 2000 futures and options ADV rose 45% to 149,000 contracts
Nikkei 225 (yen) futures ADV grew 39% to 45,000 contracts

Options volume averaged 5 million contracts per day in May 2019, up 40% from May 2018, and reached its second-highest monthly ADV ever. Highlights include:

Record overall daily options volume of 10 million contracts set May 31
Record 7.7 million Interest Rate options contracts traded on May 31, with a record 3.9 million traded electronically
Record Eurodollar options volume of 5.2 million contracts and OI of 64.4 million contracts on May 31
Record Agricultural options ADV, up 50% to 453,000 contracts
Interest Rate options ADV grew 49% to 3.4 million contracts
Equity Index options ADV increased 39% to 808,000 contracts
Metals options ADV rose 9% to 59,000 contracts

Agricultural volume averaged 1.9 million contracts per day in May 2019, up 31% from May 2018. Highlights include all-time record volume of 3.2 million contracts set May 31 and:

Record Corn futures and options ADV, up 78% to 861,000 contracts
Grain and Oilseeds futures and options ADV increased 34% to 1.7 million contracts
Soybean futures and options ADV rose 9% to 321,000 contracts
Livestock futures and options ADV grew 15% to 191,000 contracts
Hard Red Winter Wheat futures and options ADV increased 19% to 69,000 contracts

Interest Rate volume averaged 13.8 million contracts per day in May 2019, up 19% from May 2018, and reached its second-highest monthly ADV ever. Highlights include:

Record Ultra Treasury Bond futures OI of 1.3 million contracts on May 29
Record 2-Year U.S. Treasury Note futures ADV, up 43% to 1.2 million contracts
Record Ultra 10-Year Treasury Note futures ADV, up 27% to 327,000 contracts
Record 5-Year U.S. Treasury Note options ADV, up 48% to 235,000 contracts
Record SOFR futures OI of 168,000 contracts on May 31
Record SOFR futures ADV of 32,000 contracts, up 41% from the prior month
U.S. Treasury futures and options ADV increased 14% to 7.9 million contracts
Eurodollar futures and options ADV grew 26% to 5.5 million contracts
Fed Fund futures ADV rose 30% to 431,000 contracts
Weekly Treasury options ADV increased 102% to 286,000 contracts
Ultra 10-Year U.S. Treasury Note futures and options ADV grew 27% to 327,000 contracts
Ultra U.S. Treasury Bond futures and options ADV increased 17% to 314,000 contracts

Energy volume averaged 2.5 million contracts per day in May 2019, down 6% from May 2018. Highlights include:

Record Brent Crude Oil futures OI of 257,000 contracts on May 29
Gasoline futures and options ADV increased 5% to 224,000 contracts
Brent Crude Oil futures ADV rose 45% to 146,000 contracts

Metals volume averaged 582,000 contracts per day in May 2019, down 14% from May 2018. Highlights include:

Gold options ADV increased 10% to 51,000 contracts
Platinum futures and options ADV grew 6% to 19,000 contracts
Copper options ADV rose 141% to 2,300 contracts
Ferrous futures and options ADV increased 120% to 1,600 contracts

Foreign Exchange volume averaged 822,000 contracts per day in May 2019, down 25% from April 2018. Highlights include:

Japanese yen futures ADV rose 6% to 12,500 contracts
Brazilian real futures and options ADV increased 8% to 8,500 contracts

BrokerTec fixed income trading activity highlights include:

European Repo average daily notional value increased 10% to €286 billion
U.S. Repo average daily notional value increased 15% to $263 billion

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)

	May 2019	May 2018
Trading Days	22	22

PRODUCT LINE	May 2019	May 2018	Percent Change
Interest Rates	13,827	11,604	19%
Equity Indexes	4,233	2,622	61%
Foreign Exchange (FX)	822	1,102	-25%
Energy	2,530	2,701	-6%
Agricultural Commodities	1,895	1,442	31%
Metals	582	674	-14%
Total	23,888	20,146	19%

VENUE	May 2019	May 2018	Percent Change
Open outcry	1,558	1,092	43%
CME Globex	21,473	18,358	17%
Privately negotiated	857	696	23%

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands)

	3-Month Period Ending
PRODUCT LINE	May-19	Apr-19	Mar-19	Feb-19
Interest Rates	10,809	9,787	10,313	10,256
Equity Indexes	3,364	2,837	3,161	3,699
Foreign Exchange (FX)	870	853	885	877
Energy	2,399	2,330	2,331	2,389
Agricultural Commodities	1,621	1,556	1,381	1,280
Metals	567	549	561	510
Total	19,630	17,912	18,633	19,010

VENUE	May-19	Apr-19	Mar-19	Feb-19
Open outcry	1,334	1,209	1,284	1,224
Electronic	17,553	15,986	16,576	17,030
Privately negotiated	743	717	773	756

Average Rate Per Contract (In dollars)

	3-Month Period Ending
PRODUCT LINE	Apr-19	Mar-19	Feb-19	Jan-19
Interest Rates	0.486	0.481	0.486	0.479
Equity Indexes	0.753	0.757	0.742	0.731
Foreign Exchange (FX)	0.763	0.763	0.769	0.745
Energy	1.157	1.159	1.173	1.160
Agricultural Commodities	1.253	1.246	1.264	1.277
Metals	1.487	1.488	1.484	1.465
Total	0.726	0.713	0.714	0.708

BrokerTec Fixed Income and EBS Foreign Exchange Average Daily Notional Value
(in billion USD unless otherwise stated, single count)

PRODUCT LINE	May 2018	May 2019	YoY % Change	Apr 2019	MoM % Change
U.S. Treasury¹	178.2	177.6	0%	143.2	24%
U.S. Repo	229.2	263.1	15%	246.9	7%
European Repo (in EUR billions)	260.4	286.1	10%	280.7	2%
Spot FX	101.3	78.4	-23%	67.3	16%


	12 Month ended May 31
PRODUCT LINE	2018	2019	% Change
U.S. Treasury	167.5	164.2	-2%
U.S. Repo	243.5	240.8	-1%
European Repo (in EUR billions)	243.4	267.1	10%
Spot FX	88.7	82.1	-7%


^[1]Volume information includes UST Benchmarks and Agencies. Off-the-Run securities, including T-Bills, are provided pursuant to an agreement with ICAP Securities USA LLC.

As the world's leading and most diverse 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. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

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SOURCE CME Group