CME Group has seen its quarterly international average daily volume (ADV) jump to 6.1 million contracts in Q3 2022, up 21% year on year.
“Market conditions in the third quarter of the year continued to create a heightened need for risk management globally as clients worked to navigate volatility caused by ongoing geopolitical tensions and economic uncertainty,” said Derek Sammann, senior managing director and global head of commodities, options and international markets at CME Group.
“Market conditions in the third quarter of the year continued to create a heightened need for risk management globally.”
Reflecting all trading reported from outside the US, volume was driven largely by 36% growth in FX products, a 32% increase in interest rate products and a 25% growth in equity index products.
“We saw a considerable uptick in volumes outside of the US in Q3 year on year, and we are committed to working with clients in these regions and beyond to provide them with the tools to manage their risk going forward,” said Samman.
EMEA ADV reached 4.2 million contracts, up 14% from Q3 2021. This was driven by a strong performance in interest rate and FX products in the region, up 30% and 29% respectively, compared to the same period in 2021.
Asia Pacific saw even stronger growth, up 41% year on year, driven by a 66% growth in FX and a 64% growth in equity index products.