CME reports record Q1 international average daily volume of 7.4 mln contracts (NASDAQ:CME)
CME Group (NASDAQ:CME), the world’s largest derivatives exchange, Monday reported a 2% year-on-year rise in first quarter international average daily volume (ADV) to a record 7.4 million contracts, driven by a significant commodities volume growth across EMEA and Asia Pacific.
Reflecting all trading reported from outside the United States, volume was driven largely by 38% growth in energy products, a 29% increase in agricultural products, and 7% growth in metals, CME Group (CME) said in a statement.
“Market conditions in the first quarter of the year continued to create a heightened need for risk management as clients worldwide worked to navigate sustained uncertainty and volatility,” said Derek Sammann, Senior Managing Director and Global Head of Commodities, Options and International Markets, CME Group.
Europe, Middle East and Africa ADV hit 5.4 million contracts in the quarter, up 6% from the corresponding period a year ago. This was driven by a strong performance in commodities in the region, with energy, agricultural and metals up 50%, 38% and 9% respectively, compared to the same period in 2023, the exchange said.
Asia Pacific ADV stood at 1.7 million contracts in Q1, the Chicago-headquarter financial services company said. Source: Press Release
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