CME Group Hits New High in International Trading Volume, Reaching 6.8M Contracts

<p>CME Group
announced today (Wednesday) that its average daily trading volume (ADV) outside
the United States reached a record high of 6.8 million contracts in 2023, an increase of 8% over 2022. </p><p>CME Group International
Volume Reaches New High </p><p>The growth
was primarily driven by Equity Index and Interest Rate products, which rose 26%
and 23%, respectively, compared to the previous year. </p><p>In Europe, the Middle East, and Africa, the average daily volume hit 4.9 million contracts, <a href="https://www.financemagnates.com/institutional-forex/fx-and-equities-drives-cme-groupss-record-adv-in-2022-outside-us/" target="_blank" rel="follow">up 13% versus 2022</a>. This growth was led by a rise of 29% in Interest
Rate products and an uptick of 26% in Agricultural products. </p><p>"As
uncertain market conditions continue into 2024, we remain committed to working
closely with our clients outside of the U.S. to access our robust, regulated
marketplace with round-the-clock liquidity,” Derek Sammann, the Senior Managing
Director and Global Head of Commodities, Options &amp; International Markets at
CME Group, stated.</p><p>In Latin
America, the average daily volume grew to a record 176,000 contracts in 2023, up
11% from 2022. This was led by 28% growth in Foreign Exchange products, 27% in Interest Rate products, and 24% in Metals products. </p><p>The Asia
Pacific region reached 1.6 million contracts per day. Interest Rate product
volume was up 5% year-over-year to a record 689,000 contracts per day. In Canada, the average daily volume totaled 153,000 contracts in 2023, with the volume of Energy and Agricultural Products up 22% and 7%, respectively, versus 2022.</p><p>Global Full-Year 2023
Highlights</p><p>Globally,
CME Group reported a record <a href="https://www.financemagnates.com/institutional-forex/cme-shatters-records-notches-5-surge-in-adv-and-hits-244-million-contracts/" target="_blank" rel="follow">average daily volume of 24.4 million contracts in
2023</a>, an improvement of 5% compared to the previous year. This growth was largely
attributable to a lift of 16% in Interest Rate products to 12.5 million contracts
per day.</p><p>Options ADV
saw an incline of 23%, reaching a record 5.1 million contracts. Record annual ADVs in Interest Rate, Equity Index, and Agricultural options drove this growth.</p><p>The Energy
sector's ADV rose by 5%, totaling 2.1 million contracts, highlighted by a
record in Natural Gas options ADV. Agricultural and Metals sectors also elevated their ADVs by 17% and 15%, respectively. </p><p>A month
ago, the company announced its plans to launch a new spot foreign exchange (FX)
marketplace <a href="https://www.financemagnates.com/institutional-forex/cme-to-debut-fx-spot-platform-bridging-gap-between-spot-fx-and-futures/" target="_blank" rel="follow">called CME FX Spot+</a> in 2024. The platform will connect spot FX
participants directly with CME's existing FX futures liquidity pool.</p>

This article was written by Damian Chmiel at www.financemagnates.com.