Derivatives market CME Group announced today that average daily volume (ADV) outside the United States reached a record 6.8 million contracts in 2023, up 8% from 2022.
This record was largely due to growth in Equity Index and Fixed Income products, by 26% and 23% respectively.
“Market participants around the world turned to CME Group futures and options given the increased need for risk management across every asset class last year,” said Derek Sammann, CME Group Senior Managing Director and Global Head of Commodities, Options & International Markets. “As uncertain market conditions continue into 2024, we remain committed to working closely with our non-U.S. clients to access our robust, regulated market with round-the-clock liquidity.”
In 2023, EMEA ADV posted a record 4.9 million contracts, up 13% from 2022. This was driven by a 29% increase in fixed income products and a 26% increase in agricultural products.
Latin American ADV grew to a record 176,000 contracts in 2023, an 11% increase from 2022. This was driven by a 28% increase in foreign exchange products, a 27% increase in interest rate products and a 24% increase in metals products in the region.
Asia Pacific ADV to reach 1.6 million contracts in 2023 Fixed-income ADV in the region grew 5% year-on-year to a record 689,000 contracts in 2023.
Canada ADV took on a total of 153,000 contracts in 2023, with Energy and Agricultural Products ADV up 22% and 7% year-over-year respectively.
Globally, CME Group reported a record ADV of 24.4 million contracts in 2023, up 5% from 2022. This was largely driven by an increase in ADV rate, up 16% to a record 12.5 million contracts, and Options ADV, up 23% to a record 5.1 million contracts.