CME Group Averaged 16.6 Million Contracts Per Day in July 2019, Up 23% from July 2018

CHICAGO, IL (STL.News) – CME Group, the world’s leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 16.6 million contracts during July 2019, up 23% from July 2018.  Open interest (OI) at the end of July was 139 million contracts, up 20% from year-end 2018 and up 15% from July 2018.

Interest Rate volume averaged 8.8 million contracts per day in July 2019, up 44% from July 2018. Highlights include:

  • Record SONIA futures ADV of 13,000 contracts, up 92% from the prior month
  • U.S. Treasury futures and options ADV increased 30% to 4.2 million contracts
  • Eurodollar futures and options ADV grew 48% to 4.1 million contracts
  • Fed Fund futures ADV rose 268% to 450,000 contracts
  • Weekly Treasury options ADV increased 168% to 215,000 contracts
  • Ultra 10-Year U.S. Treasury Note futures and options ADV grew 42% to 171,000 contracts
  • Ultra U.S. Treasury Bond futures and options ADV increased 8% to 115,000 contracts
  • SOFR futures ADV rose to 37,000 contracts, up 33% from the prior month

Options volume averaged 3.6 million contracts per day in July 2019, up 31% from July 2018. Highlights include:

  • Interest Rate options ADV grew 60% to 2.5 million contracts
  • Metals options ADV increased 66% to 93,000 contracts

Equity Index volume averaged 2.9 million contracts per day in July 2019, up 21% from July 2018. Highlights include:

  • Micro E-mini equity index futures averaged 483,000 contracts per day in July, and traded over 28.6 million contracts in total volume since their May 6 launch – the most successful product launch ever at CME Group
  • E-mini S&P 500 futures ADV increased 4% to 1.2 million contracts
  • E-mini Nasdaq-100 futures ADV grew 4% to 360,000 contracts
  • E-mini and Standard S&P 500 Monday and Wednesday Weekly options rose 11% to 82,000 contracts
  • Nikkei 225 (yen) futures and options ADV grew 14% to 32,000 contracts

Metals volume averaged 760,000 contracts per day in July 2019, up 18% from July 2018. Highlights include:

  • Gold futures and options ADV increased 36% to 539,000 contracts
  • Silver futures and options ADV rose 30% to 108,000 contracts
  • Copper options ADV rose 34% to 2,300 contracts

Energy volume averaged 2.2 million contracts per day in July 2019, in line with July 2018. Highlights include:

  • Natural Gas futures and options ADV rose 20% to 517,000 contracts
  • Gasoline futures and options ADV increased 1% to 195,000 contracts
  • Brent Crude Oil futures and options ADV rose 6% to 100,000 contracts

Agricultural volume averaged 1.3 million contracts per day in July 2019, down 3% from July 2018. Highlights include:

  • Corn futures and options ADV grew 13% to 494,000 contracts
  • Lean Hog futures and options ADV increased 22% to 91,000 contracts
  • Livestock options ADV grew 7% to 27,000 contracts

Foreign Exchange volume averaged 689,000 contracts per day in July 2019, down 18% from July 2018. Highlights include:

  • FX Cross Rates futures and options ADV rose 22% to 8,000 contracts
  • South African rand futures and options ADV increased 46% to 2,600 contracts
  • Russian ruble futures and options ADV grew 110% to 2,300 contracts

BrokerTec fixed income trading activity highlights include:

  • U.S. Treasury average daily notional volume grew 21% to $152 billion
  • U.S. Repo average daily notional volume increased 18% to $261 billion
  • European Repo average daily notional volume increased 5% to €263 billion

WARNING: this is not the complete report.

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