The Options Insider

CME Group March ADV Rose 13 Percent Year-Over-Year

by | Apr 4, 2014 | Industry

CME Group (CME) has announced its March 2014?volume averaged 14.1 million contracts per day, up 13 percent compared with March 2013.? Total March 2014 volume was more than 295 million contracts, with 86 percent trading electronically.?

Here’s a March volume breakdown for CME products. The winner was Eurodollar options while foreign exchange was the biggest loser.?

  • Interest rate volume?averaged 7.0 million contracts per day in March, up 35 percent from March 2013.?
  • Eurodollar futures volume averaged 2.8 million contracts per day, up 47 percent from the same period a year ago.?
  • Eurodollar options volume averaged 916,000 contracts per day, up 132 percent from March last year.?
  • Treasury futures volume averaged 2.7 million contracts per day, up 10 percent compared with March 2013. ?’
  • Treasury options volume averaged 604,000 contracts per day, up 33 percent from the same period last year.?
  • Equity index volume averaged 3.2 million contracts per day, up 5 percent from the same period last year.?
  • Foreign exchange (FX) volume averaged 855,000 contracts per day, down 20 percent from?March 2013. ?The average daily notional value of FX contracts traded in March was?$104 billion. ?
  • Agricultural commodities volume averaged 1.1 million contracts per day, up 12 percent compared with the prior-year period, and included a monthly volume record for the Lean Hog contract. ?
  • Metals volume averaged 382,000 contracts per day, up 4 percent from March 2013.?
  • Energy volume averaged 1.5 million contracts per day in?March 2014, down 18 percent compared with the prior March.

In?March 2014, CME Group cleared a record?$132 billion?average daily notional value of OTC interest rate swaps.? During the month, OTC interest rate swap open interest increased 9 percent from the end of February to?$12.9 trillion, which represents 53 percent of clients’ total cleared OTC interest rate swap open interest.

First Quarter Numbers

  • First-quarter 2014 volume averaged 13.7 million contracts per day, up 9 percent from first-quarter 2013.?
  • The main highlights included quarterly records for Lean Hogs, Ultra Treasury Bonds, Eurodollar Midcurve options and Eurodollar futures associated with the third consecutive four quarterly contracts across the curve as well as 19 percent growth in interest rates volume compared with first-quarter 2013, and 11 percent growth in equities volume.