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Crypto Futures Volume Jumps at CME

by S. Jack Heffernan Ph.D

CME Group offers futures contracts on Bitcoin and Ethereum, which are two of the most popular cryptocurrencies. These futures contracts allow traders to speculate on the future price of the underlying asset. They are settled in cash and are margined, allowing traders to take positions without having to own the underlying asset.

 CME Group, the world’s leading derivatives marketplace, today reported its November 2022 market statistics, showing average daily volume (ADV) increased 1% to 23.5 million contracts during the month, representing the company’s highest November volume on record. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.

November 2022 ADV across asset classes includes:

Additional November 2022 product highlights compared to November 2021 include:

  • Equity Index ADV increased 23%
    • Micro E-mini S&P 500 futures ADV increased 50%
    • E-mini Nasdaq-100 options ADV increased 42%
    • E-mini S&P 500 options ADV increased 30%
    • Micro E-mini Nasdaq-100 futures ADV increased 22%
  • SOFR ADV increased 982%
    • Record monthly SOFR options ADV of 963,067 contracts, with record open interest (OI) of 21,857,850 contracts on November 30
    • SOFR futures ADV increased 666%, with record OI of 8,967,624 contracts on November 30
  • Foreign Exchange ADV increased 16%
    • E-mini Euro FX futures ADV increased 71%
    • Brazilian Real futures ADV increased 64%
    • New Zealand Dollar futures ADV increased 25%
    • Canadian Dollar options ADV increased 17%
  • Cryptocurrency ADV increased 45%
    • Bitcoin futures ADV increased 44%
    • Ether futures ADV increased 38%
  • Micro Products ADV
    • Micro E-mini Equity Index futures and options ADV of 2.8 million contracts represented 41% of overall Equity Index ADV, Micro WTI Crude Oil futures accounted for 6% of overall Energy ADV, Micro Ether futures accounted for 0.3% of overall Equity Index ADV and Micro Bitcoin futures accounted for 0.2% of overall Equity Index ADV
  • BrokerTec European Repo average daily notional value (ADNV) increased 21% to €364B and U.S. Repo ADNV increased 13% to $292B
  • EBS Spot FX ADNV increased 8% to $67.2B

About CME Group

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

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