- Interest rate volume rose 40 percent
- Eurodollar futures volume increased 60 percent and Eurodollar options volume increased 132 percent
- Treasury futures volume increased 13 percent and Treasury options volume increased 46 percent
CME Group, the world's leading and most diverse derivatives marketplace, today announced that April 2014 volume averaged 12.2 million contracts per day, up 6 percent compared with April 2013. Total volume for April 2014 was more than 256 million contracts, of which 87 percent was traded electronically.
CME Group interest rate volume averaged 6.0 million contracts per day in April, up 40 percent from April 2013. Eurodollar futures volume averaged 2.2 million contracts per day, up 60 percent from the same period a year ago. Eurodollar options volume averaged 735,000 contracts per day, up 132 percent from April last year. Treasury futures volume averaged 2.4 million contracts per day, up 13 percent compared with April 2013. Treasury options volume averaged 574,000 contracts per day, up 46 percent from the same period last year.
CME Group equity index volume in April 2014 averaged 2.7 million contracts per day, up 1 percent from the same period last year. CME Group foreign exchange (FX) volume averaged 559,000 contracts per day, down 38 percent from April 2013. The average daily notional value of FX contracts traded in April was $68 billion.
CME Group agricultural commodities volume averaged 1.2 million contracts per day, down 4 percent compared with the prior-year period. CME Group metals volume in April 2014 averaged 321,000 contracts per day, down 40 percent from April 2013. CME Group energy volume averaged 1.5 million contracts per day in April 2014, down 25 percent compared with the prior April.
In April 2014, CME Group cleared a $91 billion average daily notional value of OTC interest rate swaps. During the month, OTC interest rate swap open interest increased 6 percent from the end of March to $13.6 trillion, which represents 52 percent of clients' total cleared OTC interest rate swap open interest. Average daily trade count for the month was 1,152.
MONTHLY AVERAGE DAILY VOLUME (ADV) |
||||
Total Exchange ADV ( in thousands) |
||||
Apr 2014 |
Apr 2013 |
|||
Trading Days |
21 |
22 |
||
PRODUCT LINE |
Apr 2014 |
Apr 2013 |
Percent Change |
|
Interest Rates |
5,976 |
4,272 |
40% |
|
Equity Indexes |
2,750 |
2,720 |
1% |
|
Foreign Exchange (FX) |
559 |
898 |
-38% |
|
Energy |
1,452 |
1,934 |
-25% |
|
Agricultural Commodities |
1,159 |
1,210 |
-4% |
|
Metals |
321 |
532 |
-40% |
|
Total |
12,218 |
11,566 |
6% |
|
VENUE |
Apr 2014 |
Apr 2013 |
Percent Change |
|
Open outcry |
1,029 |
749 |
37% |
|
CME Globex |
10,575 |
10,096 |
5% |
|
Privately negotiated* |
614 |
720 |
-15% |
ROLLING THREE-MONTH AVERAGES |
||||
Average Daily Volume (In thousands) |
||||
3-Month Period Ending |
||||
PRODUCT LINE |
Apr-14 |
Mar-14 |
Feb-14 |
Jan-14 |
Interest Rates |
6,612 |
6,725 |
6,027 |
5,773 |
Equity Indexes |
2,938 |
2,890 |
2,636 |
2,440 |
Foreign Exchange (FX) |
726 |
817 |
784 |
767 |
Energy |
1,568 |
1,705 |
1,737 |
1,644 |
Agricultural Commodities |
1,212 |
1,168 |
1,058 |
1,011 |
Metals |
351 |
355 |
318 |
328 |
Total |
13,408 |
13,659 |
12,561 |
11,964 |
VENUE |
Mar-14 |
Mar-14 |
Feb-14 |
Jan-14 |
Open outcry |
1,149 |
1,178 |
1,090 |
1,007 |
Electronic |
11,556 |
11,703 |
10,714 |
10,238 |
Privately negotiated* |
704 |
778 |
757 |
719 |
*The privately negotiated venue includes both traditional block trades as well as what was historically categorized as CME ClearPort. Going forward there will no longer be a break out for CME ClearPort. |
Average Rate Per Contract (In dollars) |
||||
3-Month Period Ending |
||||
PRODUCT LINE |
Mar-14 |
Feb-14 |
Jan-14 |
Dec-13 |
Interest Rates |
0.481 |
0.492 |
0.499 |
0.504 |
Equity Indexes |
0.712 |
0.720 |
0.719 |
0.702 |
Foreign Exchange (FX) |
0.804 |
0.806 |
0.823 |
0.835 |
Energy |
1.364 |
1.325 |
1.303 |
1.279 |
Agricultural Commodities |
1.369 |
1.360 |
1.354 |
1.327 |
Metals |
1.707 |
1.701 |
1.698 |
1.682 |
Total |
0.767 |
0.778 |
0.780 |
0.780 |