CME Group Reports Second-Highest Monthly ADV of 31.7 Million Contracts in August and Double-Digit Increases Across All Six Asset Classes

Core Insights - CME Group reported its second-highest monthly volume ever in August 2024, with an average daily volume (ADV) of 31.7 million contracts, reflecting a 31% increase compared to the previous year, driven by significant growth across all asset classes [1][2]. Interest Rate Products - The interest rate ADV reached a record 18.3 million contracts, with the U.S. Treasury complex achieving an all-time monthly record ADV of 11.5 million contracts, including record volumes for 2-year, 5-year, and 30-year futures contracts [2][4]. - SOFR futures and options volume increased by 48% to 6.3 million contracts, and BrokerTec cash U.S. Treasury notional volume hit a year-to-date record of $249 billion on August 5 [2][5]. Equity Index Products - Record August ADV for equity index products was 7.5 million contracts, with notable increases in various options and futures, including a 15% increase in overall equity index ADV [3][4]. - Micro E-mini Nasdaq-100 futures ADV increased by 36% to 1.6 million contracts, and E-mini S&P 500 options ADV rose by 9% to 1.5 million contracts [4]. Agricultural Products - Agricultural ADV reached a record of 1.6 million contracts, with specific increases such as corn futures ADV rising by 36% to 435,000 contracts and soybean oil futures ADV increasing by 31% to 163,000 contracts [3][4]. Foreign Exchange Products - Foreign exchange ADV increased by 36%, with significant growth in specific currencies, including Japanese Yen futures ADV rising by 47% to 199,000 contracts and Canadian Dollar futures ADV increasing by 41% to 98,000 contracts [4][5]. Metals Products - Metals ADV saw a substantial increase of 43%, with metals options ADV rising by 119% to 125,000 contracts and gold options ADV increasing by 127% to 96,000 contracts [4][5]. International Activity - Record international ADV of 8.9 million contracts was reported, with EMEA ADV at 6.5 million contracts, Asia ADV up by 37%, and Latin America ADV up by 18% [5]. Micro Products - Micro products also showed strong performance, with Micro E-mini Equity Index futures and options ADV of 3 million contracts representing 41% of overall equity index ADV, and Micro Bitcoin futures ADV increasing by 585% to 48,000 contracts [5]. Additional Highlights - A record single-day volume of$ 13.5 billion for FX Link was achieved on August 5, and U.S. Repo average daily notional value increased by 1% to $295 billion [5].