CME Group Inc (NASDAQ:CME) Fast Growth in Gold and Silver Trading

CME Group Inc (NASDAQ:CME) Fast Growth in Gold and Silver Trading

CME Group Inc (NASDAQ:CME) Fast Growth in Gold and Silver Trading

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that June 2016 average daily volume (ADV) reached 16.4 million contracts per day, up 13 percent from June 2015. CME Group June 2016 options volume averaged 3.4 million contracts per day, up 17 percent versus June 2015, with electronic options averaging 1.9 million contracts per day, up 25 percent over the same period last year. Second-quarter 2016 volume averaged 15.1 million contracts per day, up 13 percent from second-quarter 2015. Total open interest at the end of second-quarter 2016 was 106 million contracts, up 16 percent from year-end 2015. During the quarter, CME Group reached record open interest of 116.3 million contracts on June 9, 2016.

Metals volume averaged 483,000 contracts per day in June 2016, up 45 percent from June 2015. Highlights include:

  • Grew Gold futures ADV 76 percent to 230,000 and Silver futures ADV 22 percent to 84,000 contracts
  • Increased Copper futures and options ADV 31 percent to 98,000 contracts
  • Energy volume averaged 2.3 million contracts per day in June 2016, up 33 percent from June 2015. Highlights include:

    • Achieved 41 percent growth in ADV across Crude Oil products, driven primarily by WTI futures ADV of 960,000 contracts, up 48 percent; WTI options ADV grew 40 percent
    • Grew Natural Gas options ADV 28 percent
    • Achieved monthly ADV record in Natural Gas Liquids and Petrochemicals

    Equity index volume averaged 3.5 million contracts per day in June 2016, up 24 percent from June 2015. Highlights include:

    • Grew E-mini S&P 500 futures ADV 24 percent to 2.2 million contracts per day, and E-mini S&P 500 options ADV 29 percent to 635,000 contracts per day
    • Increased Equity index options ADV 32 percent to more than 715,000 contracts per day;  a record 441,993 equity options traded before the U.S. market open on June 24, 2016
    • Achieved record monthly ADV for E-mini S&P Select Sector futures of nearly 280,000 contracts in June
    • Grew participation in CME Group’s BTIC functionality with a record month for E-mini S&P 500 futures in June and a record single day on June 24, 2016

    Interest rate volume averaged 7.3 million contracts per day in June 2016, up 5 percent from June 2015. Highlights include:

    • Grew Eurodollar options ADV 25 percent to 1.1 million contracts per day, with electronic Eurodollar options growing 64 percent to 289,000 contracts per day
    • Reached record electronic trading levels for Treasury options and Eurodollar options in second-quarter, at 69 percent and 25 percent, respectively
    • Grew Fed Fund Futures ADV 149 percent to 184,000 contracts per day and traded a record daily volume of 566,000 contracts on June 24, 2016
    • Surpassed 6 million total contracts traded as of June since launching the Ultra 10-Year U.S. Treasury Note futures

    Agricultural volume averaged 1.8 million contracts per day in June 2016, up 4 percent from June 2015. Highlights include:

    • Grew Corn futures and options ADV 12 percent to 679,000 contracts per day, with Corn options growing 41 percent to 165,000 contracts per day
    • Achieved 37 percent growth in Hard Red Winter Wheat futures and options ADV

    Foreign exchange volume averaged 1 million contracts per day in June 2016, up 3 percent from June 2015. Highlights include:

    • Grew British Pound futures and options ADV 65 percent to 193,000 contracts per day in June, and reached a record daily volume of more than 522,000 contracts on June 24, 2016
    • Increased ADV of Emerging Market currency pairs futures and options, with Brazilian Real up 123 percent, Russian Ruble up 33 percent, Australian Dollar up 27 percent and Mexican Peso up 16 percent

    Footnote: To see CME Group daily over-the-counter (OTC) notional cleared volumes and open interest, monthly OTC notional cleared volumes and monthly total trade count, go to http://www.cmegroup.com/education/cme-volume-oi-records.html

    MONTHLY AVERAGE DAILY VOLUME (ADV)

    Total Exchange ADV

    ( in thousands)

    Jun 2016

    Jun 2015

    Trading Days

    22

    22

    PRODUCT LINE

    Jun 2016

    Jun 2015

    Percent Change

    Interest Rates

    7,322

    6,949

    5%

    Equity Indexes

    3,543

    2,869

    24%

    Foreign Exchange (FX)

    1,018

    987

    3%

    Energy

    2,271

    1,713

    33%

    Agricultural Commodities

    1,805

    1,739

    4%

    Metals

    483

    333

    45%

       Total

    16,442

    14,590

    13%

    VENUE

    Jun 2016

     Jun 2015

    PPercent Change

    Open outcry

    1,219

    1,236

    -1%

    CME Globex

    14,469

    12,787

    13%

    Privately negotiated

    753

    567

    33%

     

    QUARTERLY AVERAGE DAILY VOLUME (ADV)  

    Total Exchange ADV

    ( in thousands)

    Q2 2016

    Q2 2015

    Trading Days

    64

    64

    PRODUCT LINE

    Q2 2016

    Q2 2015

    Percent Change

    Interest Rates

    6,776

    6,599

    3%

    Equity Indexes

    2,957

    2,364

    25%

    Foreign Exchange (FX)

    838

    903

    -7%

    Energy

    2,322

    1,749

    33%

    Agricultural Commodities

    1,722

    1,400

    23%

    Metals

    468

    331

    41%

         Total

    15,082

    13,347

    13%

    VENUE

     Q2 2016

    Q2 2015

    Percent Change

    Open outcry

    1,075

    1,108

    -3%

    CME Globex

    13,355

    11,705

    14%

    Privately negotiated

    651

    534

    22%

     

    ROLLING THREE-MONTH AVERAGES

    Average Daily Volume (In thousands) 

    3-Month Period Ending

    PRODUCT LINE

    Jun-16

    May-16

    Apr-16

    Mar-16

    Interest Rates

    6,776

    6,454

    7,131

    8,246

    Equity Indexes

    2,957

    2,812

    3,095

    3,557

    Foreign Exchange (FX)

    838

    802

    878

    944

    Energy

    2,322

    2,331

    2,493

    2,536

    Agricultural Commodities

    1,722

    1,486

    1,473

    1,206

    Metals

    468

    462

    464

    454

       Total

    15,082

    14,348

    15,535

    16,944

    VENUE

    Jun-16

    May-16

    Apr-16

    Mar-16

    Open outcry

    1,075

    995

    1,100

    1,423

    Electronic

    13,355

    12,716

    13,718

    14,713

    Privately negotiated

    651

    636

    717

    807

    Average Rate Per Contract (In dollars)

    3-Month Period Ending

    PRODUCT LINE

    May-16

    Apr-16

    Mar-16

    Feb-16

    Interest Rates

    0.500

    0.498

    0.501

    0.507

    Equity Indexes

    0.710

    0.716

    0.726

    0.723

    Foreign Exchange (FX)

    0.808

    0.785

    0.767

    0.769

    Energy

    1.184

    1.183

    1.203

    1.217

    Agricultural Commodities

    1.287

    1.307

    1.321

    1.329

    Metals

    1.584

    1.582

    1.597

    1.592

       Total

    0.786

    0.777

    0.756

    0.758

    As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world’s leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group’s products and services ensure that businesses around the world can effectively manage risk and achieve growth.

    CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

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    Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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