CME Group’s ADV Jumps 19% to Record 23.3M Contracts in 2022

Wednesday, 04/01/2023 | 22:54 GMT by Solomon Oladipupo
  • The Group's ADV for Q4 2022 increased 6%.
  • The CME Group's EBS dipped 18% MoM but rose 11% YoY to $55 billion.
CME Group
Bloomberg

CME Group, a top derivatives marketplace, posted an average daily volume (ADV) record of 23.3 million contracts in 2022, which represents a 19% increase from its performance in 2021.The derivatives marketplace operator disclosed these on Wednesday in its market statistics for the fourth quarter and December 2022.

“ADV increased 6% in the fourth quarter to 21.8 million contracts, and ADV increased 7% in December to 19.2 million contracts,” CME Group announced.

Across market classes, CME Group’s equity index, interest rate and forex ADVs shot up by 39%, 18% and 24%, respectively in 2022.

“ADV outside the United States increased 15% to 6.3 million contracts, including 30% growth in Latin America, 27% in Asia, and 10% in EMEA,” CME Group explained, speaking of its derivatives records across regions.

CME Group in Q4 and December 2022

During the last quarter of last year, CME Group recorded a 26% increase in its equity index ADV and a 25% jump in its forex ADV. In addition, the operator posted a record ADV of 2.99 million contracts in its secured overnight financing rate (SOFR) futures and options.

Commensurate with its quarterly and year-over-year (YoY) growth pattern, CME Group saw its interest rate ADV increase by 12% YoY to 7.9 million contracts in December 2022. However, the forex ADV came in higher as the operator processed 1 million contracts in December 2022, which is a volume 20% more than it did in the same period in the prior year.

Furthermore, the Group processed a daily average of 7 million equity index contracts, 3.8 million options contracts and 1.8 million energy contracts.

CME Group’s EBS Sees Lower MoM Performance in December

In November last year, the CME Group’s Electronic Broking Service (EBS) posted a near-flat 0.3% growth rate in spot forex trading, generating $67.2 billion in the average daily notional value (ADNV). However, this figure dropped -18% to $55 billion in December 2022.

Although, when compared to December 2021, EBS, the Group’s go-to source for liquidity and price discovery in cash FX, posted 11% growth last month.

CME Group, a top derivatives marketplace, posted an average daily volume (ADV) record of 23.3 million contracts in 2022, which represents a 19% increase from its performance in 2021.The derivatives marketplace operator disclosed these on Wednesday in its market statistics for the fourth quarter and December 2022.

“ADV increased 6% in the fourth quarter to 21.8 million contracts, and ADV increased 7% in December to 19.2 million contracts,” CME Group announced.

Across market classes, CME Group’s equity index, interest rate and forex ADVs shot up by 39%, 18% and 24%, respectively in 2022.

“ADV outside the United States increased 15% to 6.3 million contracts, including 30% growth in Latin America, 27% in Asia, and 10% in EMEA,” CME Group explained, speaking of its derivatives records across regions.

CME Group in Q4 and December 2022

During the last quarter of last year, CME Group recorded a 26% increase in its equity index ADV and a 25% jump in its forex ADV. In addition, the operator posted a record ADV of 2.99 million contracts in its secured overnight financing rate (SOFR) futures and options.

Commensurate with its quarterly and year-over-year (YoY) growth pattern, CME Group saw its interest rate ADV increase by 12% YoY to 7.9 million contracts in December 2022. However, the forex ADV came in higher as the operator processed 1 million contracts in December 2022, which is a volume 20% more than it did in the same period in the prior year.

Furthermore, the Group processed a daily average of 7 million equity index contracts, 3.8 million options contracts and 1.8 million energy contracts.

CME Group’s EBS Sees Lower MoM Performance in December

In November last year, the CME Group’s Electronic Broking Service (EBS) posted a near-flat 0.3% growth rate in spot forex trading, generating $67.2 billion in the average daily notional value (ADNV). However, this figure dropped -18% to $55 billion in December 2022.

Although, when compared to December 2021, EBS, the Group’s go-to source for liquidity and price discovery in cash FX, posted 11% growth last month.

About the Author: Solomon Oladipupo
Solomon Oladipupo
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About the Author: Solomon Oladipupo
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
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