CME Group (NASDAQ: CME), which operates a major US derivatives exchange , has published its summary of overall trading activity in 2022, achieving a record-breaking international average daily volume (ADV) of 6.3 million contracts.
CME Group Reports Record International ADV
According to the press release published on Wednesday, the 15% surge compared to 2021 was possible due to the visible growth in the popularity of forex and equity products, rising 22% and 26%, respectively. As CME points out, the volumes refer to all trading done outside the United States.
The overall ADV metric for global operations came in at 23.3 million contracts, rising 19% compared to the previous year. According to an earlier CME announcement, this was a new yearly record.
"Market participants across the globe turned to CME Group benchmark futures and options contracts to manage their risk amid volatile market conditions in 2022," Derek Sammann, the Senior Managing Director and Global Head of Commodities, Options & International Markets at CME Group, said.
"As economic and geopolitical uncertainties continue into 2023, we remain committed in working to attract new clients outside of the U.S. to access our robust, regulated marketplace with round-the-clock liquidity."
All Regions with Record-Breaking Figures
CME's operations for the Asia Pacific region showed full-year ADV at a record 1.7 million contracts, growing 27% YoY. In addition, EMA reported record results, reaching 4.3 million contracts and growing 10% YoY.
In Canada, the average daily volume reached 155,000 contracts, strengthening by 21% YoY. In all cases, this was due to a significant increase in interest in forex , equity and interest-rate products.
CME Group is the world's leading derivatives marketplace that allows customers to trade options, futures, cash and OTC markets.
CME Group Goes for Metaverse
The derivatives market operator focuses its activities not only on the traditional but also on digital markets. Alongside CF Benchmarks, a crypto benchmark indices provider, it will launch three new Metaverse reference rates and real-time indices on 30 January 2023.
"Each of the new Axie Infinity, Chiliz, and Decentraland benchmarks will be calculated with pricing data from a minimum of two of these exchanges โ Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital," the firms disclosed in a statement.
According to the most recent financial report for the third quarter of 2022, CME achieved revenue of $1.2 billion, growing 11% compared to the same period a year earlier. Net profit was $719 million, which is up from $574 million achieved in 2021.