CME Group, the derivatives marketplace, reported its May 2024 market statistics set a new average daily volume (ADV) record of 26 million contracts for the month, “up 4% from May 2023.”
The company’s interest rate and metals products also “reached May ADV records, as its deeply liquid U.S. Treasury complex hit a new single-day record of 34,350,339 contracts on May 28.”
May 2024 ADV across asset classes includes:
- Record May Interest Rate ADV of 14.4 million contracts
- Equity Index ADV of 5.8 million contracts
- Options ADV of 4.8 million contracts
- Energy ADV of 2.5 million contracts
- Agricultural ADV of 1.7 million contracts
- Record May Metals ADV of 866,000 million contracts
- Foreign Exchange ADV of 896,000 contracts
- Additional May 2024 product highlights compared to May 2023 include:
Other key stats shared by CME Group are:
- Interest Rate ADV increased 3%
- \All-time record U.S. Treasury futures and options volume of 34,350,339 contracts on May 28
- 5-Year U.S. Treasury Note futures ADV increased 15% to 2.4 million contracts
- 2-Year U.S. Treasury Note futures ADV increased 22% to 1.4 million contracts
- Ultra 10-Year U.S. Treasury Note futures ADV increased 46% to 868,000 contracts
- Energy ADV increased 22%
- Record May Henry Hub Natural Gas futures ADV of 578,682 contracts
- Record May Henry Hub Natural Gas options ADV of 243,589 contracts
For a complete breakdown, check here.
As the derivatives marketplace, CME Group says that 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 claim to “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 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 reportedly operates one of “the world’s leading central counterparty clearing providers, CME Clearing.”
