Grain News


CME Group February Volume Averages 14 Million Contracts Per Day, Up 2% From February 2013

Date Posted: March 4, 2014

Chicago—CME Group, the world's leading and most diverse derivatives marketplace, March 4 announced that February 2014 volume averaged 14.0 million contracts per day, up 2 percent compared with February 2013 – and up 8 percent from January 2014.

Total volume for February 2014 was more than 266 million contracts, of which 86 percent was traded electronically.

Year-to-date 2014 average daily volume of 13.4 million contracts was up 7 percent compared with the same time period last year.

CME Group interest rate volume averaged 6.8 million contracts per day in February, up 6 percent from February 2013.

Eurodollar futures volume averaged 2.0 million contracts per day, up 21 percent from the same period a year ago.

Eurodollar options volume averaged 710,000 contracts per day, up 92 percent from February last year.

Treasury futures volume averaged 3.4 million contracts per day, down 10 percent compared with the record monthly average daily volume in February 2013.

Treasury options volume averaged 635,000 contracts per day, up 15 percent from the same period last year.

CME Group equity index volume in February 2014 averaged 2.8 million contracts per day, up 5 percent from the same period last year.

CME Group foreign exchange (FX) volume averaged 769,000 contracts per day, down 28 percent from February 2013.

The average daily notional value of FX contracts traded in February was $92 billion.

CME Group energy volume averaged 1.8 million contracts per day in February 2014, up 4 percent compared with the prior February.

This included particular strength in natural gas, up 29 percent over February 2013, as well as 75 percent growth in power contracts.

Additionally, average daily volume from the Dubai Mercantile Exchange was a record 10,800 contracts, surpassing the prior record of 8,200 contracts per day in January.

CME Group agricultural commodities volume averaged 1.4 million contracts per day, up 7 percent compared with the prior-year period. CME Group metals volume in February 2014 averaged 351,000 contracts per day, down 20 percent from February 2013.

In February 2014, CME Group cleared an average $117 billion a day of notional value of OTC interest rate swaps.

During the month, OTC interest rate swap open interest increased 8 percent from the end of January to $11.8 trillion, which represents 53 percent of clients' total cleared OTC interest rate swap open interest.

Note that the KCBT hard red winter wheat average daily volume is included within the CME Group rollup as of April 1, 2013, but not historically prior to that date, following the acquisition which closed on November 30, 2012.

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