On Tuesday, CME Group (NASDAQ:CME), the world's leading derivatives marketplace, reported its market statistics for September and Q3 2023, highlighting record-breaking volumes and robust performance across several asset classes.
In September, the company reached an average daily volume (ADV) of 22.7 million contracts, marking the second-highest September ADV in its history. The third quarter saw an ADV of 22.3 million contracts, the second-highest Q3 volume ever recorded by the company.
Interest rate products experienced significant growth in Q3 2023 compared to the same period in 2022. The average daily volume of interest rate contracts increased by 6% to 11.0 million. Particularly noteworthy was the record-setting performance of Ultra U.S. Treasury Bond futures, which reached 308,238 contracts. Meanwhile, SOFR futures and options ADV saw increases of 44% and 101% respectively.
Equity Index also saw substantial growth during Q3, with an ADV of 6.4 million contracts. Record numbers were observed for Equity Index options at 1,450,087 contracts, E-Mini S&P 500 options at 1,345,353 contracts, and E-Mini Nasdaq 100 options at 76,191 contracts.
The energy sector posted a robust performance as well, with an ADV increase of 16% to 2.1 million contracts in Q3. Energy options ADV rose by 41% to reach 293,000 contracts, while Natural Gas options ADV surged by a remarkable 62% to hit 141,146 contracts.
Agricultural products also saw a notable uptick in Q3 with an ADV increase of 19% to 1.4 million contracts. Feeder Cattle futures set a new record with an ADV of 19,078 contracts while Agricultural options ADV rose by 21% to 328,000 contracts.
In the metals sector, the ADV increased by 6% to 528,000 contracts in Q3. Aluminum futures set a new record with an ADV of 5,190 contracts.
Additional highlights from September's performance include a record Equity Index options ADV of 1,622,622 contracts and a significant increase in the Energy sector, with ADV up by 28%. Agricultural products also saw an uptick in September, with an ADV increase of 11%, while Metals posted a record Aluminum futures ADV of 6,788 contracts.
Micro E-mini futures and options represented 32.1% of overall Equity Index ADV for September. Micro WTI Crude Oil futures accounted for 4.5% of overall Energy ADV, while Micro Bitcoin and Micro Ether futures each accounted for 0.1% of overall Equity Index ADV.
CME Group continues to empower market participants worldwide to efficiently manage risk and capture opportunities across all major asset classes including interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
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