CME Group Volume Averaged 13.0 Million Contracts Per Day In August 2014, Up 7 Percent From August 2013

• Open interest reached record level of 105.6 million contracts
• Interest rate average daily volume rose 20 percent, led by a 29 percent increase in Eurodollar futures trading
• Ultra treasury bond futures reached a record average daily volume of 158,000 contracts
• OTC interest rate swaps hit a record $169 billion in average daily notional value cleared

CME Group, the world's leading and most diverse derivatives marketplace, today announced that August 2014 volume averaged 13.0 million contracts per day, up 7 percent from August 2013.  Total volume for August 2014 was more than 273 million contracts, of which 87 percent was traded electronically.  This includes a record 52 percent of options traded electronically.  CME Group open interest hit a record level of 105.6 million contracts on August 14 and stands at approximately 103.7 million contracts at the end of the month, up 3 percent from the end of July 2014 and 24 percent year-to-date. 

CME Group interest rate volume averaged 7.3 million contracts per day in August 2014, up 20 percent compared with August 2013.  Eurodollar futures volume averaged 2.3 million contracts per day, up 29 percent from the same period a year ago.  Eurodollar options volume averaged 710,000 contracts per day, down 5 percent from August last year.  Treasury futures volume averaged 3.7 million contracts per day, up 20 percent compared with August 2013.  Treasury options volume averaged 598,000 contracts per day, up 28 percent from the same period last year.  Overall CME Group interest rate open interest increased 7 percent from the end of July 2014 to 53 million contracts. 

CME Group equity index volume in August 2014 averaged 2.3 million contracts per day, down 3 percent from the same period a year ago.  CME Group foreign exchange (FX) volume averaged 669,000 contracts per day, down 10 percent from August 2013.  The average daily notional value of FX contracts traded in August was $80 billion.  In addition, FX open interest hit an all-time high of 2.4 million contracts at the end of the month.

CME Group agricultural commodities volume averaged 1.1 million contracts per day in August 2014, down 5 percent compared with the prior-year period.  CME Group metals volume in August 2014 averaged 281,000 contracts per day, down 25 percent from August 2013.  CME Group energy volume averaged 1.4 million contracts per day in August 2014, down 8 percent compared with the prior August.

In August 2014, CME Group cleared a record $169 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  During the month, OTC interest rate swap open interest increased 13 percent from the end of July to $19.4 trillion, which represents 56 percent of clients' total cleared OTC interest rate swap open interest.  Average daily trade count for the month was 1,669.

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 

*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)