Derivatives marketplace CME Group (NASDAQ:CME) has just released its volumes report for 2018. The average daily volume (ADV) reached a record 19.2 million contracts, up 18% YoY.
Highlights include:
- Record Interest Rate ADV, up 22 percent to 9.95 million contracts
- Record Metals ADV, up 12 percent to 638,000 contracts
- Record FX ADV, up 9 percent to 1 million contracts
- Record full-year 2018 options ADV, up 14 percent to 3.9 million contracts, including record electronic options ADV, up 20 percent to 2.6 million contracts.
The complete report can be seen below:
Fourth-quarter 2018 volume averaged 20.8 million contracts per day, up 31 percent from the same period a year ago. CME Group reached several quarterly ADV records including Equity Index ADV of 4.5 million contracts, Interest Rate electronic options ADV of 1.5 million contracts and Energy options ADV of 376,000 contracts. December 2018 volume averaged 20.2 contracts per day, up 36 percent from December 2017. Open interest at the end of December was 116 million contracts, up 7 percent from the end of December 2017.
Equity Index volume averaged a record 5.1 million contracts per day in December 2018, up 73 percent from December 2017. Highlights include:
- Record E-mini Nasdaq-100 futures and options ADV, up 121 percent to 743,000 contracts
- Record E-mini Russell 2000 futures, up 38 percent to 245,000 contracts
- Record E-mini S&P Select Sector Index futures and options ADV, up 91 percent to 32,000 contracts
- E-mini S&P 500 futures and options ADV increased 68 percent to 3.6 million contracts, including E-mini S&P 500 futures ADV, up 73 percent to 2.7 million contracts
- E-mini S&P 500 Weekly options ADV rose 53 percent to 376,000 contracts
- E-mini Dow futures and options ADV rose 143 percent to 347,000 contracts
Interest Rate volume averaged 10.2 million contracts per day in December 2018, up 48 percent from December 2017. Highlights include:
- Record Fed Fund futures ADV, up 174 percent to 400,000 contracts
- U.S. Treasury futures and options ADV increased 46 percent to 4.8 million contracts, including U.S. Treasury futures ADV, up 41 percent to 3.8 million contracts, and U.S. Treasury options ADV, up 68 percent to 987,000 contracts
- Weekly Treasury options ADV rose 50 percent to 155,000 contracts
- Eurodollar futures and options ADV grew 44 percent to 5 million contracts, including Eurodollar futures and options electronic ADV, up 52 percent to 4 million contracts
- Ultra U.S. Treasury Bond futures and options ADV increased 53 percent to 161,000 contracts and Ultra 10-Year U.S. Treasury Note futures and options increased 56 percent to 188,000 contracts
Options volume averaged 4 million contracts per day in December 2018, up 32 percent from December 2017. Highlights include:
- Electronic options ADV grew 39 percent to 2.7 million contracts
- Interest Rate options ADV increased 40 percent to 2.4 million contracts
- Equity Index options ADV rose 48 percent to 974,000 contracts
- Agricultural options ADV grew 2 percent to 169,000 contracts
- Metals options ADV increased 28 percent to 59,000 contracts
Foreign Exchange volume averaged 1 million contracts per day in December 2018, flat compared with December 2017. Highlights include:
- Japanese yen futures and options grew 7 percent to 177,000 contracts
- Australian dollar futures and options ADV rose 11 percent to 113,000 contracts
- Canadian dollar futures and options ADV rose 10 percent to 105,000 contracts
Energy volume averaged 2.3 million contracts per day in December 2018, down 2 percent from December 2017. Highlights include:
- WTI Crude Oil futures and options ADV increased 18 percent to 1.5 million contracts
- Gasoline futures and options ADV grew 1 percent to 174,000 contracts
- Brent Crude Oil futures and options ADV rose 27 percent to 94,000 contracts
Agricultural volume averaged 1 million contracts per day in December 2018, down 5 percent from December 2017. Highlights include:
- Corn futures and options ADV grew 12 percent to 267,000 contracts
- Livestock futures ADV increased 5 percent to 105,000 contracts
- Live Cattle futures and options ADV rose 7 percent to 63,000 contracts
- Lean Hog futures and options ADV grew 5 percent to 46,000 contracts
- Hard Red Winter Wheat increased 1 percent to 35,000 contracts
- Wheat options ADV rose 21 percent to 26,000 contracts
Metals volume averaged 439,000 contracts per day in December 2018, down 17 percent from December 2017. Highlights include:
- Precious Metals options ADV increased 28 percent to 58,000 contracts
- Gold options ADV grew 32 percent to 52,000 contracts
- Silver options ADV rose 5 percent to 6,000 contracts
BrokerTec fixed income and EBS foreign exchange December trading activity highlights, in terms of average daily notional value, include:
- U.S. Treasury average daily notional value increased 35 percent to $200.8 billion
- Spot FX average daily notional value rose 16 percent to $76.2 billion
- European Repo average daily notional value increased 14 percent to €254.5 billion