#United States #Chicago #CME Group #trading volume #Derivatives Market

CME Group Achieves Record International Trading Volume in 2024

CME Group, the global leader in derivatives trading, announced a remarkable achievement in its average daily volume (ADV) for international markets in 2024. Hitting an all-time high of 7.8 million contracts, this figure represents a significant 14% increase compared to the previous year, signaling strong demand for its products worldwide.

This surge in trading activity was particularly notable across various sectors, including Energy, Metals, and Agricultural products. Notably, the Energy market experienced a 31% growth, followed by Metals with a 27% increase, and Agriculture gaining 25%. Additionally, Interest Rate trading rose by 12%, while Foreign Exchange products climbed by 10%, showcasing the diverse interests of market participants.

Julie Winkler, Senior Managing Director and Chief Commercial Officer of CME Group, commented on the growth, stating, “We were especially pleased to see so many clients outside the U.S. turning to CME Group to access the markets and trade products they needed to navigate through ongoing economic and geopolitical uncertainty last year.” This shift highlights the increasing significance of risk management strategies, which CME Group aims to enhance further in 2025.

Regional Highlights: Strong Growth Across EMEA, APAC, and Canada

CME Group's international performance was bolstered by record-breaking volumes in several regions. The Europe, Middle East, and Africa (EMEA) region achieved an ADV of 5.8 million contracts, marking a 17% increase from 2023, with remarkable strides noted in Energy (up 40%), Agriculture (up 31%), and Metals (up 24%).

In the Asia Pacific (APAC) region, ADV reached an impressive 1.7 million contracts, up 7% from the prior year. Growth in this area was driven by Agricultural products (up 16%) and additional increases in Interest Rate and Foreign Exchange trading (both up 3%).

Canada also marked its territory with a record ADV of 164,000 contracts in 2024. This was driven largely by strong performances in Energy, Agricultural, and Interest Rate products, achieving year-over-year increases of 26%, 14%, and 10%, respectively.

Latin America (LatAm) exhibited a notable ADV of 174,000 contracts, with Metals and Foreign Exchange products seeing growth rates of 42% and 19%.

A Comprehensive Global View

CME Group's performance wasn't limited to international markets alone. Globally, it reached an incredible ADV of 26.5 million contracts in 2024, which represented a 9% growth from 2023. The driving force behind this global success was primarily attributed to the rising Interest Rate ADV, which set a new record at 13.7 million contracts, up 10% from the previous year. The Metals, Agricultural, and Foreign Exchange markets also illustrated remarkable growth rates, at 23%, 13%, and 8%, respectively.

CME Group operates as a comprehensive marketplace and offers a wide variety of futures, options, and other trading instruments integrated through their platforms, empowering clients to effectively manage risk and capitalize on opportunities. The company's official trading platform is CME Globex, complemented by its other offerings like BrokerTec for fixed income trading and EBS for foreign exchange.

In summary, 2024 heralded a new era of growth for CME Group in the derivatives market, reaffirming its status as a premier global trading venue, serving clients' needs in a complex and rapidly evolving financial landscape. As they look ahead, CME Group remains devoted to enhancing clients' abilities to navigate risks in the years to come.