The Options Insider

CME Group April ADV Rises 6 Percent, E-Mini Nasdaq-100 options Hit Record

by | May 5, 2014 | Industry

CME Group (CME) has reported that its April 2014 volume averaged 12.2 million contracts per day, up 6 percent compared with April 2013.? Total volume for the month was more than 256 million contracts; from this, 87 percent traded electronically.?

Here’s a breakdown of April volume for CME’s products.

  • Interest rate volume averaged 6.0 million contracts per day in April, up 40 percent from April 2013.?
  • Eurodollar futures volume averaged 2.2 million contracts per day, up 60 percent from the same period a year ago.?
  • Eurodollar options volume averaged 735,000 contracts per day, up 132 percent from April last year.?
  • Treasury futures volume averaged 2.4 million contracts per day, up 13 percent compared with April 2013.?
  • Treasury options volume averaged 574,000 contracts per day, up 46 percent from the same period last year.?
  • Equity index volume in?April 2014?averaged 2.7 million contracts per day, up 1 percent from the same period last year.?
  • Foreign exchange (FX) volume averaged 559,000 contracts per day, down 38 percent from?April 2013. ?The average daily notional value of FX contracts traded in April was?$68 billion. ?
  • E-mini NASDAQ-100 options traded a?record 21,753 contracts?per day in April, surpassing the previous record month of 17,108 set in February 2014. This 70% increase in NASDAQ 100 Index volatility far surpassed that for any of the other U.S. stock index benchmarks.Year-over-year, ADV is up 415%.

Ag Products

  • Agricultural commodities volume averaged 1.2 million contracts per day, down 4 percent compared with the prior-year period. ?
  • Metals volume averaged 321,000 contracts per day, down 40 percent from April 2013.?
  • Energy volume averaged 1.5 million contracts per day, down 25 percent compared with the prior April.

In addition, for April 2014, CME Group cleared a?$91 billion?average daily notional value of OTC interest rate swaps.? During the month, OTC interest rate swap open interest increased 6 percent from the end of March to?$13.6 trillion, which represents 52 percent of clients’ total cleared OTC interest rate swap open interest. ?Average daily trade count for the month was 1,152.