CME Group (CME) posted near-record trading volumes in September and Q3 this year as it closed higher trading on the Nasdaq on Tuesday. CME Group said its average daily volume (ADV) grew to 22.7m contracts last month, which is its second-best September on record. It was a similar story for the financial company’s Q3; a 22.3m ADV is also the second highest ever for this period.
CME Group (CME) posts second-best ever September and Q3 volumes
There was strength across various asset classes, with interest-rate products among those growing at an impressive rate. The standout performer was Ultra US Treasury Bond Futures, which soared to 308,238 contracts. There was also robust volume growth for SOFR futures (+44%) and options (101%).
However, last year’s record-setting September meant a year-over-year decline for a range of assets, even as the month compared favourably with over-trading periods overall. The ADV for interest rate dipped 10% from a year ago to 10.2m, though it did climb 6% overall in Q3 to 11m. There was also a 24% drop off for the equity index ADV, which came in at 7.1m last month.
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Investors reacted fairly positively to the news on Tuesday. CME Group did trade lower during the morning session but recovered to close 0.75% higher at $201.66. Those gains looked more impressive considering Tuesday proved to be a challenging day for many stocks and shares. CME Group is now not far off its yearly high of $209.31, which was set back in early August.
