CHICAGO, March 4, 2019 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, reached average daily volume (ADV) of 19 million contracts in February 2019. This is up 7 percent from January 2019, but down from a record 27.3 million contracts per day in February 2018. Open interest (OI) at the end of February was 126 million contracts, up 3 percent from January 2019, but down 3 percent from February 2018.

Agricultural volume averaged 1.7 million contracts per day in February 2019, down 13 percent from February 2018. Highlights include:

  • Livestock electronic futures ADV increased 4 percent to 125,000 contracts
  • Corn options ADV grew 32 percent to 100,000 contracts
  • Lean Hog futures and options ADV rose 8 percent to 64,000 contracts
  • Live Cattle futures ADV grew 6 percent to 60,000 contracts
  • Wheat options ADV rose 23 percent to 45,000 contracts

Energy volume averaged 2.3 million contracts per day in February 2019, down 17 percent from February 2018. Highlights include:

  • Record WTI Houston Crude Oil futures OI of 5,900 contracts on February 19 and record daily volume of 4,800 contracts on February 20

Metals volume averaged 525,000 contracts per day in February 2019, down 24 percent from February 2018. Highlights include:

  • Record Copper options OI of 57,000 contracts on February 22 and record daily volume of 12,500 contracts on February 20
  • Platinum futures and options ADV increased 11 percent to 20,500 contracts
  • Copper options ADV more than tripled to 3,700 contracts

Foreign Exchange volume averaged 762,000 contracts per day in February 2019, down 30 percent from February 2018. Highlights include:

  • Record Offshore Chinese renminbi futures daily volume of 5,800 contracts on February 11

Interest Rate volume averaged 11 million contracts per day in February 2019, down 30 percent from February 2018. Highlights include:

  • Record SOFR futures OI of 125,000 contracts and record daily volume of 61,200 contracts on February 28
  • 2-Year U.S. Treasury Note futures ADV increased 6 percent to a record 1.1 million contracts, following the tick size reduction in January
  • SOFR futures ADV increased 70 percent to a record 31,200 contracts, compared to last month
  • SONIA futures ADV rose 40 percent to 8,600 contracts, compared to January 2019
  • 5-Year U.S. Treasury Note Wednesday Weekly options ADV grew 16 percent to 6,000 contracts

Options volume averaged 3.5 million contracts per day in February 2019, down 42 percent from February 2018.

Equity Index volume averaged 2.7 million contracts per day in February 2019, down 45 percent from February 2018. Highlights include:

  • S&P 500 Total Return Index futures and options ADV grew 83 percent year-over-year to 2,200 contracts

BrokerTec European Repo average daily notional value increased 1 percent to €270.5 billion.

Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html

MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



Feb 2019

Feb 2018


Trading Days

19

19






PRODUCT LINE

Feb 2019

Feb 2018

Percent Change

Interest Rates

11,020

15,816

-30%

Equity Indexes

2,679

4,905

-45%

Foreign Exchange (FX)

762

1,087

-30%

Energy

2,328

2,808

-17%

Agricultural Commodities

1,731

1,988

-13%

Metals

525

690

-24%

Total

19,044

27,294

-30%






VENUE

Feb 2019

Feb 2018

P Percent Change

Open outcry

1,192

1,971

-40%

CME Globex

17,059

24,313

-30%

Privately negotiated

794

1,010

-21%


ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands)



3-Month Period Ending

PRODUCT LINE

Feb-19

Jan-19

Dec-18

Nov-18

Interest Rates

10,256

10,375

10,919

10,436

Equity Indexes

3,699

4,004

4,511

3,973

Foreign Exchange (FX)

877

921

942

972

Energy

2,389

2,658

2,665

2,723

Agricultural Commodities

1,280

1,203

1,248

1,314

Metals

510

544

547

597

Total

19,010

19,905

20,831

20,014







VENUE

Feb-19

Jan-19

Dec-18

Nov-18

Open outcry

1,224

1,178

1,128

1,096

Electronic

17,030

17,996

19,024

18,240

Privately negotiated

756

731

680

678

Average Rate Per Contract (In dollars)



3-Month Period Ending

PRODUCT LINE

Jan-19

Dec-18

Nov-18

Oct-18

Interest Rates

0.479

0.475

0.476

0.480

Equity Indexes

0.731

0.715

0.723

0.731

Foreign Exchange (FX)

0.745

0.720

0.711

0.719

Energy

1.160

1.150

1.143

1.157

Agricultural Commodities

1.277

1.261

1.248

1.244

Metals

1.465

1.428

1.394

1.374

Total

0.708

0.697

0.705

0.714

BrokerTec Fixed Income and EBS Foreign Exchange Average Daily Notional Value

(in billion USD unless otherwise stated, single count)






PRODUCT LINE

Feb 2018

Feb 2019

YoY % Change

Jan 2019

MoM % Change

U.S. Treasury1

238.7

155.6

-35%

183.5

-15%


U.S. Repo

271.4

246.3

-9%

261.3

-6%


European Repo (in EUR billions)

269.0

270.5

1%

257.6

5%


Spot FX

108.3

73.9

-32%

87.1

-15%










12 Month ended February 28

PRODUCT LINE

2018

2019

% Change



U.S. Treasury

166.3

166.4

0%



U.S. Repo

237.4

237.1

0%



European Repo (in EUR billions)

233.0

261.2

12%



Spot FX

85.8

86.3

1%












[1] Volume information includes UST Benchmarks and Agencies. Off-the-Run securities, including T-Bills, are provided pursuant to an agreement with ICAP Securities USA LLC.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

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