Core Insights - CME Group reported record trading activity in 2025 with average daily volume (ADV) reaching 28.1 million contracts, a 6% increase from the previous year, highlighting its central role in global risk management amid macro volatility and institutional participation [1] Trading Activity Overview - In the fourth quarter, ADV climbed to a record 27.4 million contracts, with December ADV reaching 23.5 million, marking the strongest December on record, driven by heightened demand for hedging tools due to shifting rate expectations and commodity price volatility [2] Interest Rates and Equities - Interest rate products were the backbone of CME's activity, with full-year interest rate ADV rising 4% to a record 14.2 million contracts, driven by heavy trading in U.S. Treasury futures and options, as well as SOFR-linked products [3] - U.S. Treasury futures and options posted a record annual ADV of 8.3 million contracts, while SOFR futures and options reached 5.4 million, indicating traders' positioning around Federal Reserve policy [3] Equity Index Derivatives - Equity index derivatives saw strong demand, with ADV across equity index products increasing 8% year-on-year to 7.4 million contracts, significantly influenced by micro contracts [4] - Micro E-mini Nasdaq-100 and Micro E-mini S&P 500 futures both posted record volumes, reflecting sustained retail and professional participation in smaller-sized contracts [4] Cryptocurrency Derivatives - Cryptocurrency derivatives experienced explosive growth, with CME reporting a 139% increase in crypto ADV in 2025 to a record 278,000 contracts, representing approximately $12 billion in notional value [5] - Micro Ether futures led the segment, followed by Micro Bitcoin futures, as traders favored capital-efficient instruments tied to digital assets [5] Fourth Quarter Performance in Crypto - The momentum in crypto trading continued into the fourth quarter, with crypto ADV reaching a quarterly record of 379,000 contracts, and December alone seeing 339,000 contracts traded, reflecting rising institutional engagement with regulated crypto markets [6] Global Participation - International trading activity reached new highs, with ADV outside the U.S. rising 8% to a record 8.4 million contracts, driven by strong participation from Europe, the Middle East, and Africa [7] - CME's markets benefited from global diversification of trading flows and increased cross-border demand for benchmark derivatives [7]

Core Insights - CME Group reported its second-highest average daily volume (ADV) for July 2025 at 21.9 million contracts, following a record of 24.8 million contracts in July 2024 [1] - The company achieved a record monthly ADV in cryptocurrency products, with 302,000 contracts traded, representing a notional value of $13.6 billion [4] Volume Breakdown - Interest Rate ADV reached 10.8 million contracts - Equity Index ADV was 5.5 million contracts - Energy ADV totaled 2.4 million contracts - Agricultural ADV amounted to 1.7 million contracts - Metals ADV was 783,000 contracts - Foreign Exchange ADV stood at 747,000 contracts [4] Notable Increases - SOFR futures ADV increased by 3% to 3.3 million contracts - U.S. Treasury Bond options ADV rose by 21% to 203,000 contracts - NY Heating Oil futures ADV surged by 29% to 218,000 contracts - Micro Gold futures ADV saw a significant increase of 92% to 203,000 contracts [4] Cryptocurrency Highlights - Record monthly Micro Ether futures ADV reached 175,000 contracts - Record monthly Ether futures ADV was 22,000 contracts - Micro E-mini Equity Index futures and options ADV of 2.2 million contracts represented 40% of overall Equity Index ADV [4] BrokerTec Performance - BrokerTec U.S. Repo average daily notional value (ADNV) increased by 23% to $358.7 billion - Customer average collateral balances for the rolling 3-months ending June 2025 were $132.9 billion for cash collateral and $145.2 billion for non-cash collateral [4]

Core Insights - CME Group reported record average daily volume (ADV) of 30.2 million contracts for Q2 2025, with June ADV reaching 25.7 million contracts, marking significant growth year-over-year [1][2] Q2 2025 Highlights - ADV grew 15% year-over-year, with record volumes in interest rate, agricultural, and metals products [2] - SOFR futures achieved a quarterly ADV record of 4.6 million contracts [2] - International ADV reached a record of 9.2 million contracts [2][3] Asset Class Performance - Interest Rate ADV reached 15.5 million contracts, with 5-Year U.S. Treasury Note futures at 2 million contracts and 2-Year U.S. Treasury Note futures at 1.1 million contracts [3] - Equity Index ADV increased 13% to 7.7 million contracts, with Micro E-mini S&P 500 futures at a record 1.5 million contracts [3] - Energy ADV increased 26% to 3.1 million contracts, with WTI Crude Oil options at a record 265,000 contracts [3] - Agricultural ADV reached a record of 2 million contracts, with Soybean Oil futures at 210,000 contracts [3] - Cryptocurrency ADV surged 136% to 190,000 contracts, with Micro Ether futures at a record 84,000 contracts [3] Monthly Performance - June 2025 saw record monthly ADV in various categories, including WTI Crude Oil options at 307,000 contracts and Micro Gold futures at 258,000 contracts [6] - BrokerTec U.S. Repo average daily notional value increased 18% to $359 billion [6] - EBS Spot FX average daily notional value increased 10% to $64 billion [6]

Core Insights - CME Group reported the highest May average daily volume (ADV) on record at 28.9 million contracts, marking an 11% increase year-over-year [1] - The company continues to lead in the derivatives marketplace, offering a wide range of products across various asset classes [1] Volume Highlights - Record May ADV in interest rate products reached 16.2 million contracts [3] - SOFR futures ADV grew by 31% compared to May 2024, totaling 4 million contracts [2][3] - International ADV increased by 15% to 8.7 million contracts, with EMEA ADV up 14% and Asia ADV up 24% [3] Product Performance - Equity Index ADV was 6.6 million contracts, with Micro E-mini Nasdaq 100 futures increasing by 37% to 1.5 million contracts and Micro E-mini S&P 500 futures increasing by 60% to 1.3 million contracts [3] - Energy ADV reached 2.6 million contracts, with record May Energy options ADV of 445,000 contracts [3] - Metals ADV increased by 8%, with record monthly Micro Gold futures ADV of 347,000 contracts [3] - Cryptocurrency ADV surged by 145%, with record monthly Ether futures ADV of 17,000 contracts and Micro Ether futures ADV increasing by 235% to 92,000 contracts [3] Repo and FX Markets - BrokerTec U.S. Repo average daily notional value (ADNV) increased by 28.6% to $352 billion, while European Repo ADNV increased by 3% to €306.7 billion [3] - EBS Spot FX ADNV increased by 27% to $67.8 billion, and FX Link ADV increased by 52% to 43,000 contracts, representing $2.9 billion notional per leg [3] Collateral Balances - Customer average collateral balances for the rolling 3-months ending April 2025 were $97.2 billion for cash collateral and $162.9 billion for non-cash collateral [3]