Derivatives marketplace CME Group announced Monday that its international average daily volume (ADV) reached a new record of 8.4 million contracts in the third quarter of 2024.
CME Group International Daily Volume Hits New Record in Q3
The record number represents a 29% increase compared to the same period last year.
According to the firm, the surge in international volume was driven by strong growth across all asset classes, with interest rate and equity products accounting for the majority of the increase.
Interest rate products are said to have seen a record 32% growth in quarterly volumes, fueled by the popularity of SOFR futures, which grew 38%, and U.S. Treasury contracts, which grew 25%.
Elsewhere, CME said energy products saw 30% growth, equities products were up 25%, and record FX volumes rose by 14% in the third quarter.
“Our record Q3 international ADV was driven by significant increases in volume across all asset classes in EMEA and APAC, demonstrating how our clients turned to the breadth of our products to navigate unpredictability and volatility,” said Julie Winkler, Senior Managing Director and Chief Commercial Officer at CME Group.
CME said the EMEA region experienced the most significant growth, with ADV reaching a record 6.2 million contracts, up 30% year-over-year. In the Asia Pacific region, ADV reached 1.8 million contracts, a 28% increase from the previous year.
Overall, CME Group reported a record ADV of 28.3 million contracts globally in Q3 2024, up 27% from the same period last year. The company’s “deeply liquid” U.S. Treasury complex and SOFR futures also achieved all-time quarterly ADV records.
