CME Group (NASDAQ:CME), a prominent derivatives marketplace within the Chicago Mercantile Exchange Inc., has reported a record-breaking average daily volume (ADV) of 25.2 million contracts for October 2023, marking an 11% increase from the same period in 2022. The robust growth was driven by various asset classes, with notable contributions from Interest Rate ADV, Equity Index ADV, and Options ADV.
The company's October Interest Rate ADV reached a record 11.8 million contracts, while Equity Index ADV and Options ADV hit 8.0 million and a record October figure of 5.6 million contracts respectively. Other significant contributors included Energy ADV with 2.3 million contracts, Agricultural ADV of 1.5 million contracts, Foreign Exchange ADV of 935,000 contracts, and Metals ADV of 605,000 contracts.
In comparison to the previous year, the Interest Rate ADV increased by 21%, while the SOFR futures ADV surged by a substantial 61% to reach 3.2 million contracts. Furthermore, the SOFR options ADV climbed by 59%, hitting 1.4 million contracts. Other products such as Micro Products ADV, Record Aluminum futures ADV, Record E-mini S&P 500 options, Natural Gas futures ADV, WTI Crude Oil options, and Record Soybean Meal futures also reported significant increases.
Additional growth came from Live Cattle futures ADV, Gold options ADV, International ADV, Micro E-mini Equity Index futures and options, Micro WTI Crude Oil futures and the 5-Year U.S. Treasury Note futures.
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