CME Group’s international trading volume hits record high in 2023

CME Group, the world’s leading derivatives market, reports that international trading activity will increase significantly in 2023, with an additional 6.8 million contracts in average daily volume (ADV) outside the United States. The 8% increase from the previous year was mainly due to the strong growth of equity index and interest rate products, which increased by 26% and 23% respectively.

The record performance was particularly evident in the Europe, Middle East and Africa (EMEA) region, where average daily volumes jumped to 4.9 million contracts, a 13% increase from 2022. This growth was driven by a significant increase in interest of 29% and products and agricultural products which increased by 26%.

In Latin America, trading volumes also hit new highs, with ADV rising to 176,000 contracts, an increase of 11% year-on-year. The growth was mainly driven by a 28% increase in foreign exchange products, a 27% increase in interest rate products and a 24% increase in metal products.

The number of ADV contracts in the Asia-Pacific region reached 1.6 million, and interest rate product contracts increased by 5% year-on-year and will reach a record 689,000 contracts by 2023. Meanwhile, the total number of ADV Canada contracts reached 153,000, with energy and agricultural products growing by 22% and 7% respectively.

Globally, CME Group’s overall daily trading volume reached a new high of 24.4 million contracts in 2023, a year-on-year increase of 5%. This global growth was primarily driven by a 16% increase in interest ADV (to a record 12.5 million contracts) and a 23% increase in options ADV (to a new high of 5.1 million contracts).

CME Group offers a wide range of products, including benchmark futures and options across a variety of asset classes, such as interest rates, equity indices, foreign exchange, energy, agricultural commodities and metals. The company operates major trading platforms, including the CME Globex platform, and provides services through its central counterparty clearing provider, CME Clearing.

This announcement is based on a press release.

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