US derivatives exchange CME Group’s international average daily volume (ADV) hit 5 million contracts in the third quarter of this year, up 13% year on year.
The ADV figure represents all trading done outside of the US.
Volume increases were a result of the global growth in interest rate and energy products, which were up 54% and 31% respectively.
ADV for Europe, the Middle East and Africa (EMEA) in Q3 2021 reached 3.6 million contracts, an increase of 15% from Q3 2020, driven by increased demand for interest rate and energy products, up 47% and 29% respectively compared to the same window in 2020.
ADV for Q3 2021 in Asia Pacific hit 1.1 million contracts, an increase of 8% from Q3 2020. This reflected a 78% growth in interest rate products and 46% growth in energy products in the region.
Latin America’s ADV reached 119,000 contracts in Q3 2029, an increase of 32% when compared to the same period in 2020.
The growth in ADV in the region was driven by the growth in interest rate products, energy products and equity products, which grew by 117%, 25% and 11% respectively.
CME Group reported that its ADV globally reached 17.8 million contracts during Q3 2021, an increase of 14% over the same period last year.
“In the third quarter of this year, we saw strong interest across our international client base, especially as clients navigated uncertainty and volatility in global financial and energy markets,” said William Knottenbelt, senior managing director and head of international, CME Group.
“We are committed to continuing to provide a robust, liquid and regulated marketplace for clients to manage their risk around the clock and around the world.”
Earlier this month CME Group launched E-mini Russell 2000 Monday and Wednesday options that would accompany existing options on Russell 2000 futures, including Friday Weekly, End-of-Month and Quarterly options.
New weekly options contracts will increase precision, adding more granularity to trading strategies, allowing Russell 2000 Index exposure to be more fine-tuned, said the exchange.