CME Group Reports January 2023 Monthly Market Statistics - Record SOFR Options Volume And Open Interest

CME Group, the world's leading derivatives marketplace, today reported its January 2023 market statistics, showing an average daily volume (ADV) of 21.7 million contracts during the month. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

January 2023 ADV across asset classes includes:

Interest Rate ADV of 10.3 million contracts
Equity Index ADV of 6.7 million contracts
Options ADV of 4.8 million contracts
Energy ADV of 2.0 million contracts
Agricultural ADV of 1.2 million contracts
Foreign Exchange ADV of 807,000 contracts
Metals ADV of 625,000 contracts

Additional January 2023 product highlights compared to January 2022 include:

SOFR ADV increased 499%
- Record monthly SOFR options ADV of 1,842,233 contracts, with record open interest (OI) of 33,962,281 contracts on January 31
- SOFR futures ADV increased 256%, with record OI of 9,787,810 contracts on January 31
Metals ADV increased 9%
- Record monthly Copper options ADV of 10,047 contracts, with record OI of 148,621 contracts on January 25
- Micro Silver futures ADV increased 64%
Foreign Exchange ADV increased 4%
- E-mini Euro FX futures ADV increased 31%
Micro Products ADV
- Micro E-mini Equity Index futures and options ADV of 2.7 million contracts represented 40.6% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 4.4% of overall Energy ADV, Micro Ether futures accounted for 0.2% of overall Equity Index ADV and Micro Bitcoin futures accounted for 0.1% of overall Equity Index ADV
BrokerTec European Repo average daily notional value (ADNV) increased 16% to €332B