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Forex - Brokers

CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015 

02 Apr 2015 by OneStopBrokers
CME Group

CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015, up 10 percent versus First-Quarter 2014, Representing Second-Highest Quarterly Volume Ever

  • March volume averaged 13.7 million contracts per day, down 3 percent
  • Monthly FX volume increased 27 percent
  • Monthly energy volume increased 28 percent

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that March 2015 volume averaged 13.7 million contracts per day, down 3 percent from March 2014. Total volume for March 2015 was 302 million contracts, of which 88 percent was traded electronically. Options volume in March averaged 2.6 million contracts per day, up 2 percent versus March 2014, with electronic options growing 12 percent over the same period.

CME Group interest rate volume averaged 6.5 million contracts per day in March 2015, down 8 percent compared with March 2014. Eurodollar futures volume averaged 2.6 million contracts per day, down 6 percent from the same period a year ago. Eurodollar options volume averaged 959,000 contracts per day, up 5 percent from March last year. Treasury futures volume averaged 2.4 million contracts per day, down 13 percent compared with March 2014. Treasury options volume averaged 481,000 contracts per day, down 20 percent from the same period last year.

CME Group foreign exchange (FX) volume averaged 1.1 million contracts per day, up 27 percent from March 2014.  The average daily notional value of FX contracts traded in March was $112 billion. CME Group equity index volume in March 2015 averaged 2.8 million contracts per day, down 12 percent from the same period a year ago.

CME Group agricultural commodities volume averaged 1.1 million contracts per day in March 2015, down 1 percent compared with the prior-year period. CME Group energy volume averaged 1.9 million contracts per day, up 28 percent from March 2014. CME Group metals volume averaged 365,000 contracts per day, down 4 percent compared with the prior March.

In March 2015, CME Group cleared $161 billion in average daily notional value of over-the-counter (OTC) interest rate swaps.  Month-end OTC interest rate swap open interest was $24.5 trillion, which represents 66 percent of clients’ total cleared OTC interest rate swap open interest. Average daily trade count for the month was 2,391.

First-quarter 2015 volume averaged 15.0 million contracts per day, up 10 percent from first-quarter 2014, and represented the second highest quarterly volume ever. Record energy volume grew 26 percent compared with first-quarter 2014, and FX average daily volume grew 17 percent. Other quarterly highlights include record overall options average daily volume of 2.8 million contracts, record FX options average daily volume of 96,000 contracts, and record average daily volumes for WTI Crude oil, Brent Crude Oil, Heating Oil and Gasoline.

Guidance

CME Group receives dividends from BM&F BOVESPA (BVMF) associated with the company’s 5 percent ownership stake. BVMF declared a regular cash dividend on March 5, 2015, with a second-quarter ex-dividend date. As a result, similar to prior years, CME Group will not receive a BVMF dividend in first-quarter 2015 and will record two dividends in the second quarter.  Based on current exchange rates, the first of these dividends will total approximately $3.6 million, while details related to the second dividend have yet to be announced.

MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV( in thousands)
Mar 2015  Mar 2014
Trading Days 22 21
PRODUCT LINE Mar 2015 Mar 2014 Percent Change
Interest Rates 6,467 7,036 -8%
Equity Indexes 2,833 3,228 -12%
Foreign Exchange (FX) 1,087 855 27%
Energy 1,859 1,452 28%
Agricultural Commodities 1,096 1,109 -1%
Metals 365 382 -4%
     Total 13,706 14,062 -3%
VENUE Mar 2015 Mar 2014  Percent Change
Open outcry 1,136 1,194 -5%
CME Globex 12,004 12,116 -1%
Privately negotiated* 567 752 -25%

 

 

 QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV( in thousands)
Q1 2015  Q1 2014
Trading Days 61 61
PRODUCT LINE Q1 2015 Q1 2014 Percent Change
Interest Rates 7,564 6,725 12%
Equity Indexes 2,772 2,891 -4%
Foreign Exchange (FX) 954 817 17%
Energy 2,142 1,705 26%
Agricultural Commodities 1,189 1,167 2%
Metals 369 355 4%
     Total 14,990 13,659 10%
VENUE Q1 2015 Q1 2014  Percent Change
Open outcry 1,291 1,179 10%
CME Globex 13,034 11,703 11%
Privately negotiated* 665 778 -15%

 

ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT LINE Mar-15  Feb-15  Jan-15  Dec-14
Interest Rates 7,564 7,621 6,862 7,445
Equity Indexes 2,772 2,858 2,791 3,114
Foreign Exchange (FX) 954 907 961 959
Energy 2,142 2,091 1,939 1,797
Agricultural Commodities 1,189 1,139 1,127 1,173
Metals 369 343 389 361
     Total 14,990 14,959 14,069 14,848
VENUE Mar-15 Feb-15 Jan-15 Dec-14
Open outcry 1,291 1,290 1,152 1,218
Electronic 13,034 12,991 12,263 12,982
Privately negotiated 665 679 654 648

 

Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT LINE Feb-15  Jan-15  Dec-14  Nov-14
Interest Rates 0.475 0.474 0.472 0.471
Equity Indexes 0.709 0.711 0.697 0.692
Foreign Exchange (FX) 0.815 0.789 0.760 0.746
Energy 1.254 1.272 1.279 1.299
Agricultural Commodities 1.344 1.331 1.321 1.317
Metals 1.659 1.660 1.664 1.677
     Total 0.743 0.754 0.731 0.724

Source: CME Group

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