CME Group reports record growth in the third quarter of 2024

CME Group reported record average daily volume (ADV) of 8.4 million contracts in the third quarter of 2024, up 29% year over year and reflecting all trading reported outside the United States.

While there was growth across all asset classes, the highest trading volumes at CME Group came from interest rates and equity products, which accounted for three-quarters of the volume growth.

According to CME Group metrics, interest rate products posted record 32% year-over-year growth in quarterly volume, driven by a 38% increase in SOFR futures and 25% growth in Treasury contracts.

Energy products grew 30%, equity products rose 25% and record foreign exchange volumes rose 14% in the third quarter.

SOFR, US Treasury futures and E-mini stock options rose the most

Julie Winkler, senior managing director and chief commercial officer of CME Group, said: “Our record-breaking international ADV in the third quarter was driven by significant volume increases across all asset classes in EMEA and APAC and demonstrates how our clients have leveraged the breadth of our products.” Manage unpredictability and volatility. In particular, our SOFR and US Treasury futures and E-mini stock options achieved notable growth. Going forward, we remain focused on partnering with our clients to help them manage risk, pursue opportunities and expand their businesses internationally.”

In the third quarter of 2024, the EMEA region’s average daily volume (ADV) reached a record 6.2 million contracts, an increase of 30% compared to the third quarter of 2023. Energy, interest and foreign exchange products represented growth of 37%, 32% and 18% set new ADV records. year after year or

APAC saw a 28% increase in ADV, reaching 1.8 million contracts in Q3 2024. Metals led the growth with a 49% increase, while interest and equity products rose 33% and 30%, respectively.

In Latin America, ADV increased 12% year-over-year to 181,000 contracts. Metals saw a 37% increase and energy products saw a 30% increase.

Canada’s ADV increased 21% to 169,000 contracts, driven by a 39% increase in interest rate products and a 19% increase in energy products.

Globally, CME Group reported a record ADV of 28.3 million contracts in the third quarter of 2024, up 27% year over year. This is mainly due to the record number of 14.9 million contracts in interest rate products, an increase of 36%. The US financial complex reached a record quarterly advance of 8.4 million contracts, while SOFR futures reached an all-time quarterly advance of 4.1 million contracts.