SYS-CON MEDIA Authors: Liz McMillan, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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CME Group Volume Averaged 12.9 Million Contracts per Day in January 2014, Up 13 Percent from January 2013

- Equity index volume up 24 percent

CHICAGO, Feb. 4, 2014 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that January 2014 volume averaged 12.9 million contracts per day, up 13 percent compared with January 2013.  Total volume for January 2014 was more than 271 million contracts, of which 85 percent was traded electronically.

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CME Group interest rate volume averaged 6.3 million contracts per day in January, up 18 percent from January 2013.  Eurodollar futures volume averaged 2.6 million contracts per day, up 34 percent from the same period a year ago.  Eurodollar options volume averaged 830,000 contracts per day, up 92 percent from January last year.  Treasury futures volume averaged 2.3 million contracts per day, down 5 percent compared with the same period a year ago.  Treasury options volume averaged 575,000 contracts per day, up 8 percent from January 2013. 

CME Group equity index volume in January 2014 averaged 2.6 million contracts per day, up 24 percent from the same period last year.  CME Group foreign exchange (FX) volume averaged 822,000 contracts per day, down 9 percent from January 2013, while FX options volume was up 19 percent.  The average daily notional value of FX contracts traded in January was $98 billion.  

CME Group energy volume averaged 1.8 million contracts per day in January 2014, up 10 percent compared with the prior January, including particular strength in natural gas, up 30 percent year over year, as well as 77 percent growth in power contracts.  CME Group agricultural commodities volume averaged 1.0 million contracts per day, down 2 percent compared with the prior-year period.  CME Group metals volume in January 2014 averaged 331,000 contracts per day, down 14 percent from January 2013. 

In January 2014, CME Group cleared an average $124 billion a day of notional value of OTC interest rate swaps, excluding the Martin Luther King holiday on January 20.  During the month, OTC interest rate swap open interest increased 20 percent from the end of December to $10.9 trillion, which represents 52 percent of clients' total cleared OTC interest rate swap open interest.

Note that the KCBT hard red winter wheat average daily volume is included within the CME Group rollup as of April 1, 2013, but not historically prior to that date, following the acquisition which closed on November 30, 2012.

MONTHLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV

( in thousands)



Jan 2014

Jan 2013


Trading Days

21

21






PRODUCT LINE

Jan 2014

Jan 2013

Percent Change

Interest Rates

6,303

5,328

18%

Equity Indexes

2,610

2,108

24%

Foreign Exchange (FX)

822

900

-9%

Energy

1,849

1,679

10%

Agricultural Commodities

1,031

1,050

-2%

Metals

331

384

-14%

     Total

12,946

11,450

13%





VENUE

Jan 2014

Jan 2013

Percent Change

Open outcry

1,116

884

26%

CME Globex

11,003

9,919

11%

Privately negotiated*

827

626

32%


 


ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)



3-Month Period Ending



PRODUCT LINE

Jan-14

Dec-13

Nov-13

Oct-13

Interest Rates

5,773

5,274

5,768

5,790

Equity Indexes

2,440

2,471

2,599

2,633

Foreign Exchange (FX)

767

705

725

734

Energy

1,644

1,571

1,574

1,585

Agricultural Commodities

1,011

992

1,035

1,006

Metals

328

317

334

334

     Total

11,964

11,331

12,034

12,083






VENUE

Jan-14

Dec-13

Nov-13

Oct-13

Open outcry

1,007

957

1,076

1,150

Electronic

10,238

9,723

10,299

10,278

Privately negotiated*

719

651

659

655


*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

Dec-13

Nov-13

Oct-13

Sep-13

Interest Rates

0.504

0.499

0.482

0.484

Equity Indexes

0.702

0.689

0.682

0.695

Foreign Exchange (FX)

0.835

0.833

0.823

0.819

Energy

1.279

1.301

1.292

1.300

Agricultural Commodities

1.327

1.309

1.292

1.323

Metals

1.682

1.660

1.638

1.626

     Total

0.780

0.767

0.752

0.762






As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

CME-G

SOURCE CME Group

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