CME Group’s International Volumes Show Strong Quarterly Growth

All international markets on the derivatives marketplace saw a yearly increase in the second quarter of 2018.

Derivatives marketplace giant CME Group released its quarterly international volumes on Sunday. According to the report, all of its international markets reported strong year-on-year growth for the second quarter of 2018.

The CME Group’s international volume includes any transactions made outside the United States. The average daily volume (ADV) for international transactions for Q2 2018 was 4.2 million contracts, an increase of 13 percent from the same time period last year.

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Quarterly volumes per market

For the second quarter of 2018, the quarterly ADV was almost 3.3 million contracts for the European, Middle Eastern and African markets. This is up nine percent year-on-year and was driven largely by a strong performance in the commodities market. In particular, Metals volume was up by 38 percent, and Agricultural Commodities were up 12 percent.

Taking a look at Asia Pacific, the quarterly ADV was 871,000 – a strong growth of 30 percent from last years corresponding period. The strong performance of both the financial and commodities product suite were the main contributors to this growth. Volumes for the Equity Index were up 77 percent, Foreign Exchange increased by 70 percent, and Agricultural and Energy were up 50 percent and 41 percent respectively.

Latin America’s quarterly volumes continued on this positive trend, with the ADV coming in at 95,000 contracts – an increased of 44 percent from the second quarter of 2018. All of the product lines for Latin America experienced double-digit growth. Interest Rates volume were up 73 percent, Metals increased by 67 percent, and Energy volumes jumped to 46 percent.

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William Knottenbelt
Source: Dow Jones, Inc.

Commenting on the strong quarterly volumes, William Knottenbelt, Senior Managing Director and Head of International, CME Group said: “with CME Group’s broad array of futures and options products available virtually round the clock, our international customers outside of the US recognize the benefits of trading on a robust, liquid and regulated marketplace like ours.

“We remain committed to helping our clients with their hedging and trading needs as we seek to further establish ourselves as the exchange of choice globally.”

Global ADV growth

The CME Group averaged 18.4 million contracts per day globally in the second quarter of 2018. This is a 12 percent increase from the same period in June.

CME Group’s financial and commodities product experienced high levels of ADV year-on-year growth in Q2 this year. Metals were up 27 percent, FX saw an increase of 18 percent, Agricultural jumped by 16 percent, Equities Index and Interest Rate were up 14 percent and 12 percent respectively.

For June 2018, ADV was 17.8 million contracts, an increase of eight percent from June 2017. In addition, open interest in June this year was 115 million contracts. This was a jump of two percent year-on-year, and an increase of six percent from year-end 2017.

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