CME Group, the derivatives marketplace, announced that its BrokerTec business reached a new single-day volume record of $1.05 trillion in average daily notional volume (ADNV) traded on March 3.
Surpassing the ADNV of $909B for February 2025, this latest all-time high was reportedly driven by a series of individual product records “across the U.S. Treasuries, U.S. and EU Repo, and European Government Bond central limit order book (CLOB), request-for-quote (RFQ), and streaming platforms.”
Additional March 3 volumes included:
- U.S. Repo: $407B ADNV, the second largest U.S. Repo volume day ever;
EU Repo: €350B ADNV; and - U.S. Treasuries: $137B ADNV.
John Edwards, Global Head of BrokerTec said:
“During periods of market uncertainty, clients rely on BrokerTec’s highly liquid benchmark cash Treasuries and Repo markets. Our record volume was driven by trading activity in our cash Repo dealer-to-dealer CLOB, which enables clients to secure short-term funding, manage collateral efficiently, and mitigate risk in volatile times. Ongoing growth in our dealer-to-client RFQ platform, BrokerTec Quote, and momentum in our BrokerTec Stream offering also contributed to this all-time record.”
As the world’s derivatives marketplace, CME Group 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 claims that they presently 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 currently operates one of the world’s “central counterparty clearing providers, CME Clearing.”
BrokerTec Americas LLC. (BAL) is a registered broker-dealer with the U.S. Securities and Exchange Commission, is “a member of the Financial Industry Regulatory Authority, Inc., and is a member of the Securities Investor Protection Corporation.”
BAL does “not provide services to private or retail customers.”