The Options Insider

CME Group January ADV Increases 13 Percent Year-Over-Year

by | Feb 6, 2014 | Industry

CME Group released their January 2014 volume figures this week and disclosed that for the month, it averaged 12.9 million contracts per day, up 13 percent compared with January 2013.? Total volume for?January 2014?was more than 271 million contracts with 85 percent trading electronically.

January highlights included the following increases:

  • Eurodollar futures volume averaged 2.6 million contracts per day, up 34 percent from the same period a year ago. Eurodollar options volume averaged 830,000 contracts per day, up 92 percent from January last year.?
  • CME Group interest rate volume averaged 6.3 million contracts per day in January, up 18 percent from January 2013.?
  • Treasury options volume averaged 575,000 contracts per day, up 8 percent from January 2013.
  • CME Group equity index volume averaged 2.6 million contracts per day, up 24 percent from the same period last year.?
  • CME Group foreign exchange (FX) volume averaged 822,000 contracts per day, down 9 percent from?January 2013, while FX options volume was up 19 percent.The average daily notional value of FX contracts traded in January was?$98 billion. ?
  • CME Group energy volume averaged 1.8 million contracts per day, up 10 percent compared with the prior January, including particular strength in natural gas, up 30 percent year over year, as well as 77 percent growth in power contracts.?
  • Treasury futures volume averaged 2.3 million contracts per day, down 5 percent compared with the same period a year ago.??

The following products underwent year-over-year declines in January:

  • CME Group agricultural commodities volume averaged 1.0 million contracts per day, down 2 percent compared with the prior-year period. ?
  • CME Group metals volume in?January 2014?averaged 331,000 contracts per day, down 14 percent from January 2013.?

In addition, in?January 2014, CME Group cleared an average?$124 billion?a day of notional value of OTC interest rate swaps, excluding the Martin Luther King holiday on January 20.? During the month, OTC interest rate swap open interest increased 20 percent from the end of December to?$10.9 trillion, which represents 52 percent of clients’ total cleared OTC interest rate swap open interest.