CME Group Achieves Record Growth Across All Asset Classes

• CME Group reports a new average daily volume (ADV) record of 26.5 million contracts for April 2024, marking a 33% increase from the previous year.
• Double-digit growth was observed across all asset classes, including interest rate, equity index, foreign exchange, and options products.
• Metals also reached a new April ADV record, with monthly records for metals options, copper futures and options, and silver options.

CME Group has reported a record-breaking month, with significant growth across all asset classes. The derivatives exchange operator is playing a crucial role in helping clients navigate risk in their businesses.

Record-Breaking Growth Across Asset Classes

CME Group has reported a new average daily volume (ADV) record of 26.5 million contracts for the month of April, marking a 33% increase from April 2023. This growth was observed across all asset classes, including interest rate, equity index, foreign exchange, and options products. Metals also reached a new April ADV record, with monthly records for metals options, copper futures and options, and silver options. U.S. Treasury options also reached an all-time monthly ADV record.

Role of CME Group in Risk Management

Terry Duffy, Chairman and Chief Executive Officer at CME Group, highlighted the importance of the company’s role in risk management. He stated, “With double-digit growth in all asset classes and a number of volume records in individual product lines, CME Group is playing an extremely important role in helping our clients around the world navigate risk across many areas of their businesses.”

Increased Activity in EBS Spot FX

EBS Spot FX ADNV increased 16% to $61.2 billion. Customer average collateral balances to meet performance bond requirements for 1Q 2024 were $75.7 billion for cash collateral and $158.7 billion for non-cash collateral.

Insights from John Edwards, Global Head of BrokerTec, CME Group

John Edwards, Global Head of BrokerTec at CME Group, provided insights into the company’s performance. He highlighted that BrokerTec transacted $775B in average daily notional value (ADNV) in April across benchmark cash U.S. Treasuries and U.S. and EU Repo on its dealer-to-dealer CLOB and D2C RFQ and streaming platforms, marking a 3.5% increase compared to March 2024.

Conclusion

The record-breaking growth reported by CME Group across all asset classes underscores the company’s crucial role in the global financial ecosystem. As the company continues to help clients navigate risk in their businesses, it is poised to maintain its growth trajectory in the coming months.