CME Group’s latest market statistics for November 2021 show that the average daily volume (ADV) jumped to 23.1 million, which is 20% higher compared to the same period last year.
The recent jump in the overall ADV was mainly driven by a substantial spike in Interest Rate ADV. With nearly 12 million contracts, Interest Rate ADV rose 40% last month. As far as foreign exchange ADV is concerned, the number jumped by almost 6%.
Additionally, Energy ADV increased 15% in November 2021 including an increase of 96% in E-mini-Crude Oil futures ADV. Moreover, WTI futures ADV jumped 36% and Brent futures ADV climbed 19% during the mentioned period.
“ADV outside the United States increased 11% to 6.4 million contracts, including 33% growth in Latin America, 14% in EMEA and 2% in Asia. BrokerTec U.S. Treasury average daily notional value (ADNV) increased 17% to $127B, including a record RV Curve monthly ADNV of $578 million in November. U.S. Repo ADNV increased 24% to $258B and European Repo ADNV increased 12% to €302B,” the Group highlighted.
In October 2021, the CME Group witnessed a leap of almost 32% in overall ADV.
Micro Products ADV
In addition to the enormous growth in Interest Rate ADV, CME Group saw a jump in micro WTI crude oil futures. In contrast, Bitcoin futures reached an average daily volume of 27,600 contracts in the last month.
“Micro E-mini futures and options had an ADV of 2.2 million contracts, representing 39.4% of overall Equity Index ADV, while Micro WTI Crude Oil futures accounted for 4.0% of overall Energy ADV and Micro Bitcoin futures accounted for 0.5% of overall Equity Index ADV. Micro Bitcoin futures reached an ADV of 27,600 contracts, with more than 3.3 million total contracts since the May 3 launch. Micro Treasury Yield futures reached an ADV of 6,181 contracts,” CME added.
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