The Options Insider

CME Group ADV Rose 2 Percent Year-Over-Year in February

by | Mar 5, 2014 | Industry

CME Group (CME) has announced that its February 2014?volume averaged 14.0 million contracts per day, up 2 percent compared with?February 2013 and up 8 percent from January 2014.? Total volume for?February 2014?was more than 266 million contracts with 86 percent trading electronically.?

Year-to-date 2014 average daily volume of 13.4 million contracts was up 7 percent compared with the same time period last year.

Here’s a February CME Group ADV breakdown for each product. Eurodollar options incurred the greatest percentage rise year-over-year (92 percent) while foreign exchange suffered the biggest fall (28 percent).

  • Interest rate volume averaged 6.8 million contracts per day, up 6 percent from February 2013.?
  • Eurodollar futures volume averaged 2.0 million contracts per day, up 21 percent from the same period a year ago.?
  • Eurodollar options volume averaged 710,000 contracts per day, up 92 percent from February last year.?
  • Treasury futures volume averaged 3.4 million contracts per day, down 10 percent compared with the record monthly average daily volume in February 2013.?
  • Treasury options volume averaged 635,000 contracts per day, up 15 percent from the same period last year.
  • Equity index volume averaged 2.8 million contracts per day, up 5 percent from the same period last year.?
  • Foreign exchange (FX) volume averaged 769,000 contracts per day, down 28 percent from?February 2013. ?
  • The average daily notional value of FX contracts traded in February was?$92 billion.
  • Energy volume averaged 1.8 million contracts per day, up 4 percent compared with the prior February.? This included particular strength in natural gas, up 29 percent over?February 2013, as well as 75 percent growth in power contracts.?
  • Dubai Mercantile Exchange ADV was a record 10,800 contracts, surpassing the prior record of 8,200 contracts per day in January.?
  • Agricultural commodities volume averaged 1.4 million contracts per day, up 7 percent compared with the prior-year period. ?
  • Metals volume averaged 351,000 contracts per day, down 20 percent from February 2013.?

In addition, CME Group cleared an average?$117 billion?a day of notional value of OTC interest rate swaps in February along with an open interest increase during the month of 8 percent from the end of January to?$11.8 trillion; this represents 53 percent of clients’ total cleared OTC interest rate swap open interest.