CME Group Chairman and Chief Executive Officer Terry Duffy, said:
We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty. Average daily volume grew 14% year over year during the quarter, led by double-digit growth in interest rates, energy and options products, as well as strong non-U.S. volumes, which increased 13% to 5 million contracts per day. We remained focused on meeting the evolving needs of our clients through product innovation. Since the beginning of the year we have delivered 70 new products and solutions, including the introduction of Micro Treasury futures and new ESG-focused products in Q3.
Additionally, we made significant progress executing against our long-term strategy by completing the joint venture with IHS Markit and together launching OSTTRA, our new post-trade services company.
The company reported that third-quarter 2021 ADV reached 17.8 million contracts, including non-US ADV of 5.0 million contracts. The ADV during the same period last year were 15.6 million contracts. Clearing and transaction fees revenue for the quarter stood at 9 million.
CME Group registered record SOFR futures volumes, traded on 18 October 2021.
