CME Group Reports “Highest-Ever” November Average Daily Volume of 28.3M Contracts

CME Group, which claims to be one of the world’s leading derivatives marketplaces, reported its November 2023 market statistics, “reaching an average daily volume (ADV) of 28.3 million contracts during the month, an increase of 21% over 2022 and the company’s highest-ever November ADV on record.”

Market statistics are available in greater detail here.

November 2023 ADV across asset classes includes:

  • Record November Interest Rate ADV of 16.8 million contracts
  • Equity Index ADV of 6.1 million contracts
  • Record November Options ADV of 5.5 million contracts
  • Energy ADV of 2.2 million contracts
  • Record November Agricultural ADV of 1.7 million contracts
  • Foreign Exchange ADV of 947,000 contracts
  • Metals ADV of 664,000 contracts

Additional November 2023 product highlights compared to November 2022 include:

  • Interest Rate ADV increased 42%
  • Record 5-Year U.S. Treasury Note futures ADV of 2,740,659 contracts
  • Record 2-Year U.S. Treasury Note futures ADV of 1,464,550 contracts
  • Record Ultra 10-Year U.S. Treasury Note futures ADV of 851,802 contracts
  • Record Ultra U.S. Treasury Bond futures ADV of 571,506 contracts
  • SOFR futures ADV increased 70% to 4.0 million contracts
  • SOFR options ADV increased 92% to 1.8 million contracts
  • Options ADV increased 31%
  • Interest Rate options ADV increased 31% to 3.1 million contracts
  • Equity Index options ADV increased 24% to 1.5 million contracts
  • Energy options ADV increased 49% to 371,000 contracts

For more details, check here.

Micro E-mini Equity Index futures and options ADV of 2.0 million contracts “represented 32% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 5.1% of overall Energy ADV.”

BrokerTec U.S. Treasury average daily notional value (ADNV) has “increased 4% to $108B.”

As the derivatives marketplace, CME Group says it “enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.”

The company explains that it “offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.”

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