Grain News


CME Group January Volume Averages 12.9 Million Contracts Per Day, Up 13% From January 2013

Date Posted: February 4, 2014

Chicago—CME Group, the world's leading and most diverse derivatives marketplace, announced Feb. 4 that January 2014 volume averaged 12.9 million contracts per day, up 13 percent compared with January 2013.

Total volume for January 2014 was more than 271 million contracts, of which 85 percent was traded electronically.

CME Group interest rate volume averaged 6.3 million contracts per day in January, up 18 percent from January 2013.

Eurodollar futures volume averaged 2.6 million contracts per day, up 34 percent from the same period a year ago.

Eurodollar options volume averaged 830,000 contracts per day, up 92 percent from January last year.

Treasury futures volume averaged 2.3 million contracts per day, down 5 percent compared with the same period a year ago.

Treasury options volume averaged 575,000 contracts per day, up 8 percent from January 2013.

CME Group equity index volume in January 2014 averaged 2.6 million contracts per day, up 24 percent from the same period last year.

CME Group foreign exchange (FX) volume averaged 822,000 contracts per day, down 9 percent from January 2013, while FX options volume was up 19 percent.

The average daily notional value of FX contracts traded in January was $98 billion.

CME Group energy volume averaged 1.8 million contracts per day in January 2014, up 10 percent compared with the prior January, including particular strength in natural gas, up 30 percent year over year, as well as 77 percent growth in power contracts.

CME Group agricultural commodities volume averaged 1.0 million contracts per day, down 2 percent compared with the prior-year period.

CME Group metals volume in January 2014 averaged 331,000 contracts per day, down 14 percent from January 2013.

In January 2014, CME Group cleared an average $124 billion a day of notional value of OTC interest rate swaps, excluding the Martin Luther King holiday on January 20.

During the month, OTC interest rate swap open interest increased 20 percent from the end of December to $10.9 trillion, which represents 52 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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