CME Group Reports a 18% Surge in Its ADV for May 2022

Nasdaq-listed CME Group released its market statistics for May on Thursday, showing an increase in its average daily volume (ADV) for the period.

According to the report, the ADV soared by 18% to 24.3 million contracts during May. Interest rate ADV was 11.6 million contracts, while equity index ADV hit 8.4 million contracts.

On other fronts, options ADV accounted for 3.8 million contracts and energy ADV was 1.8 million contracts. Moreover, agricultural ADV reached 1.1 million contracts, and forex ADV hit 874,000 contracts, while metals ADV was 499,000 contracts. Record SOFR options ADV were 173,964 contracts, including a single-day trading volume record of 397,212 contracts on 25 May and record open interest (OI) accounted for 4,102,865 contracts on 31 May.

“8 trading days when SOFR futures daily volume surpassed Eurodollar futures, with SOFR futures ADV in May equivalent to 99.7% of Eurodollar futures ADV in the same period,” CME Group noted. E-mini S&P 500 options ADV increased by 75%, and micro E-mini Dow Jones futures ADV soared by 79%.

Also, micro E-mini Nasdaq-100 futures ADV surged by 69%, E-mini Russell 2000 options ADV rallied by 50%, while E-mini Nasdaq-100 futures ADV increased 42%, and E-mini Russell 2000 futures ADV soared by 34%.

ADV outside the United States surged by 17% to 6.8 million contracts, including 33% growth in Latin America, 30% in APAC and 13% in EMEA, CME Group highlighted.

Q1 2022 Financial Results

In April, CME Group published its financial results for the first quarter of 2022. Revenue for the period reached $1.3 billion. The average daily volume for the first quarter of 2022 was 25.9 million contracts. Additionally, strong growth was seen in Latin America, Asia and EMEA. The firm reported $859 million in operating income for Q1 of 2022. CME Group’s quarterly net income reached $711 million, while diluted earnings per share (EPS) came in at $1.95. When adjusted, CME Group’s net income reached $766 million.