The CME Group published its June and Q2 2024 statistics on 2 July 2024. These featured some record highs, including average daily volumes (ADVs) of 25.3 million contracts for June 2024, bringing the total for Q2 up to 26 million.
CME Group Reports Record Q2 And June 2024 Statistics
June’s ADV numbers constituted an 8% year-over-year increase, while the Q2 activity reflected growth across all assets offered by this exchange. The annual comparative breakdown shows an 11% increase in US Treasury futures and options, with the 10-year yield ADV jumping by 78%.
Analysts speculated that this elevated interest reflects the scepticism of traders about the current health of the global economy. Clingy inflation and the reluctance of the US Federal Reserve to move on interest rate cuts only seem to fuel these doubts.
Forex ADVs totalled 1.5 million contracts in June 2024. Similar to the hike in US Treasury yields and options, economists believe that current market volatility and an uptick in hedge investments contributed to this spike in forex trading.
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Agricultural products also recorded historic monthly and quarterly performances. The June 2024 ADV came in at 2.2 million contracts.
International interest followed suit with a year-on-year ADV increase of 19% in June 2024. Europe, Middle East and Africa (EMEA) ADVs totalled 5.8 million contracts for a 27% increase from June 2023.
The CME Group, a trademark of Chicago Mercantile Exchange Inc., is an international derivatives marketplace where investors can trade futures, options and over-the-counter (OTC) assets. Analysts believe that these statistics reflect investor behaviour and their confidence in the economy.
