CME Group announced today (Wednesday) that its average daily trading volume (ADV) outside the United States reached a record high of 6.8 million contracts in 2023, an increase of 8% over 2022.

CME Group International Volume Reaches New High

The growth was primarily driven by Equity Index and Interest Rate products, which rose 26% and 23%, respectively, compared to the previous year.

In Europe, the Middle East, and Africa, the average daily volume hit 4.9 million contracts, up 13% versus 2022. This growth was led by a rise of 29% in Interest Rate products and an uptick of 26% in Agricultural products.

"As uncertain market conditions continue into 2024, we remain committed to working closely with our clients outside of the U.S. to access our robust, regulated marketplace with round-the-clock liquidity,” Derek Sammann, the Senior Managing Director and Global Head of Commodities, Options & International Markets at CME Group, stated.

In Latin America, the average daily volume grew to a record 176,000 contracts in 2023, up 11% from 2022. This was led by 28% growth in Foreign Exchange products, 27% in Interest Rate products, and 24% in Metals products.

The Asia Pacific region reached 1.6 million contracts per day. Interest Rate product volume was up 5% year-over-year to a record 689,000 contracts per day. In Canada, the average daily volume totaled 153,000 contracts in 2023, with the volume of Energy and Agricultural Products up 22% and 7%, respectively, versus 2022.

Global Full-Year 2023 Highlights

Globally, CME Group reported a record average daily volume of 24.4 million contracts in 2023, an improvement of 5% compared to the previous year. This growth was largely attributable to a lift of 16% in Interest Rate products to 12.5 million contracts per day.

Options ADV saw an incline of 23%, reaching a record 5.1 million contracts. Record annual ADVs in Interest Rate, Equity Index, and Agricultural options drove this growth.

The Energy sector's ADV rose by 5%, totaling 2.1 million contracts, highlighted by a record in Natural Gas options ADV. Agricultural and Metals sectors also elevated their ADVs by 17% and 15%, respectively.

A month ago, the company announced its plans to launch a new spot foreign exchange (FX) marketplace called CME FX Spot+ in 2024. The platform will connect spot FX participants directly with CME's existing FX futures liquidity pool.