CME Group (NASDAQ:CME), the world’s leading and most diverse derivatives marketplace, today announced that December 2014 volume averaged 13.6 million contracts per day, up 25 percent from December 2013. Total volume for December 2014 was more than 299 million contracts, of which 87 percent was traded electronically. Options volume in December averaged 2.6 million contracts per day, up 27 percent versus December 2013, with electronic options growing 44 percent over the same period.
CME Group interest rate volume averaged 6.6 million contracts per day in December 2014, up 32 percent compared with December 2013. Treasury futures volume averaged 2.3 million contracts per day, up 25 percent compared with December 2013. Treasury options volume averaged 584,000 contracts per day, up 9 percent from the same period last year. Overall CME Group interest rate open interest increased 28 percent in 2014.
CME Group foreign exchange (FX) volume averaged 957,000 contracts per day in December, up 26 percent from December 2013’s 760,000 and up 3 percent from November 2014 when CME recorded 929,000 in volume. The average daily notional value of FX contracts traded in December was $107 billion. CME Group equity index volume in December 2014 averaged 3.1 million contracts per day, up 24 percent from the same period a year ago.
CME Group agricultural commodities volume averaged 952,000 contracts per day in December 2014, up 20 percent compared with the prior-year period. CME Group energy volume averaged 1.7 million contracts per day, up 11 percent from December 2013. CME Group metals volume averaged 293,000 contracts per day, up 6 percent compared with the prior December.
In December 2014, CME Group cleared $167 billion in average daily notional value of over-the-counter (OTC) interest rate swaps. During the month, OTC interest rate swap open interest increased to $22.9 trillion, which represents 64 percent of clients’ total cleared OTC interest rate swap open interest. Average daily trade count for the month was 1,944.
Fourth-quarter 2014 volume averaged 14.8 million contracts per day, up 31 percent from fourth-quarter 2013, and included 41 percent growth in interest rate average daily volume, as well as 36 percent growth in FX average daily volume and 26 percent in equities. The main highlights also included quarterly average daily volume records for overall options, as well as FX and equity options.
Full-year 2014 volume averaged a record 13.7 million contracts per day, up 9 percent from 2013, and included 19 percent growth in interest rate average daily volume. The main highlights also included annual average daily volume records for interest rates and treasuries. Overall open interest was 94 million contracts at year-end, up 12 percent from year-end 2013, and open interest reached a record 109 million contracts during November 2014.
FX volumes end the year on a high note at CME Group but were off 9% overall from 2013 (see below)
For the full release with total results from CME Group, click here.