CME Group has released its market statistics for September and the third quarter of 2023. These statistics indicate a strong performance for the company during this period.
CME Group's September 2023 Statistics
In September 2023, CME Group achieved an average daily volume (ADV) of 22.7 million contracts, marking the second-highest September ADV on record. For the entire period of Q3 2023, the ADV was 22.3 million contracts, representing the second-highest Q3 volume ever recorded.
CME Group reported its average daily volume across various asset classes. Interest Rate ADV stood at 10.2 million contracts, while Equity Index ADV reached 7.1 million contracts. Options ADV amounted to 4.7 million contracts, and the Energy category recorded an ADV of 2.3 million contracts. Agricultural contracts had an ADV of 1.3 million, and the Foreign Exchange category saw an ADV of 1.2 million contracts. In the Metals sector, ADV reached 517,000 contracts.
These statistics highlight a diverse and active market across multiple asset classes for the company in September 2023.
Notable highlights for September 2023 compared to the same month in the previous year include an increase of 22% in SOFR futures ADV, reaching 3.2 million contracts. Additionally, SOFR options ADV experienced a substantial uptick of 47%, reaching 1.2 million contracts. On top of that, there was a record Equity Index options ADV of 1,622,622 contracts for the month.
Energy ADV showed a notable uplift of 28%, with Micro WTI options ADV achieving a record of 3,447 contracts. Natural Gas options ADV skyrocketed by 81%, reaching 141,000 contracts. Agricultural ADV improved 11%, and there was a record Feeder Cattle futures ADV of 21,741 contracts. Soybean options ADV also leaped 46%, reaching 76,000 contracts.
Furthermore, there were record Aluminum futures ADV, amounting to 6,788 contracts, and Platinum futures ADV escalated 32% to 35,000 contracts. Micro E-mini futures and options accounted for a substantial portion of the overall Equity Index ADV during this period.
CME Group's Stellar Year: Outperforming 2022
Looking at the Q3 2023 highlights across asset classes compared to Q3 2022, several significant increases were observed. Interest Rate ADV increased 6% to reach 11.0 million contracts, and a notable record was set with Ultra US Treasury Bond futures reaching 308,238 contracts. Interest Rate options ADV further advanced 7%, reaching 2.3 million contracts.
SOFR futures ADV surged by an impressive 44%, totaling 3 million contracts, while SOFR options ADV more than doubled with a remarkable surge of 101% to 1.2 million contracts. In the Equity Index category, ADV amounted to 6.4 million contracts, and multiple records were set for Equity Index options, including E-Mini S&P 500 and E-Mini Nasdaq 100 options.
Options ADV climbed by a notable 15%, and Energy ADV showed a strong growth of 16%, with substantial improvement in energy options and natural gas options. Agricultural ADV also advanced by 19%, largely driven by record Feeder Cattle futures.
Foreign Exchange ADV amounted to 942,000 contracts, and in the Metals category, ADV rose 6%, marked by a record in Aluminum futures and strong growth in Micro Gold futures. Additionally, BrokerTec US Repo average daily notional value progressed 4% to reach $286 billion.
These market statistics demonstrate CME Group's continued strength and performance in various asset classes, solidifying its position in the derivatives marketplace.
