- Second-Highest March ADV of 30.8 million contracts, up 27% year-over-year
- Record quarterly ADV for interest rate, equity index, agricultural, foreign exchange and cryptocurrency products
- Record quarterly ADV in U.S. Treasury and Henry Hub Natural Gas complexes
- Record quarterly international ADV of 8.8 million contracts
CME Group, the world's leading derivatives marketplace, today reported its Q1 and March 2025 market statistics, with average daily volume (ADV) reaching a new, all-time quarterly record of 29.8 million contracts and the second-highest March ADV on record with 30.8 million contracts.
In Q1, the company's ADV grew 13% year-over-year, with record volume in interest rate, equity index, agricultural, foreign exchange and cryptocurrency products. CME Group's deeply liquid U.S. Treasury complex hit a quarterly ADV record of 9.2 million contracts and its Henry Hub Natural Gas complex set a quarterly ADV record of 1.1 million contracts.
March ADV grew 27% year-over-year, with record monthly equity index ADV of 9.7 million contracts and double-digit ADV growth in interest rate, energy, agricultural, foreign exchange and cryptocurrency products.
Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
Q1 2025 highlights across asset classes compared to Q1 2024 include:
- Record quarterly Interest Rate ADV of 15 million contracts
- Record U.S. Treasury futures and options ADV of 9.2 million contracts
- Record 10-Year U.S Treasury Note futures ADV of 2.6 million contracts
- Record 5-Year U.S. Treasury Note futures ADV of 1.9 million contracts
- Record 10-Year U.S Treasury Note options ADV of 1.2 million contracts
- Record 2-Year U.S. Treasury Note futures ADV of 1.1 million contracts
- SOFR futures ADV increased 14% to 4.1 million contracts
- Record U.S. Treasury futures and options ADV of 9.2 million contracts
- Record quarterly Equity Index ADV of 8 million contracts
- Record Micro E-mini Nasdaq-100 futures ADV of 1.8 million contracts
- Record E-mini Nasdaq-100 options ADV of 98,000 contracts
- Micro E-mini S&P 500 futures ADV increased 57% to 1.3 million contracts
- Energy ADV of 2.9 million contracts, an increase of 20%
- Record quarterly Energy options ADV of 558,000 contracts
- Record quarterly Henry Hub Natural Gas futures ADV of 698,000 contracts
- Record quarterly Henry Hub Natural Gas options ADV of 355,000 contracts
- Record quarterly Agricultural ADV of 2 million contracts
- Record Agricultural options ADV of 412,000 contracts
- Corn futures ADV increased 44% to 520,000 contracts
- Soybean futures ADV increased 12% to 288,000 contracts
- Record quarterly Foreign Exchange ADV of 1.1 million contracts
- Record Canadian Dollar futures ADV of 125,000 contracts
- Japanese Yen futures ADV increased 11% to 194,000 contracts
- Metals ADV of 732,000 contracts, an increase of 8%
- Micro Gold futures ADV increased 107% to 134,000 contracts
- Gold options ADV increased 32% to 92,000 contracts
- Record quarterly Cryptocurrency ADV of 198,000 contracts ($11.3 billion notional)
- Record Micro Ether futures ADV of 76,000 contracts
- Record Bitcoin futures ADV of 18,000 contracts
- Record Ether futures ADV of 13,000 contracts
- Micro Bitcoin futures ADV increased 113% to 77,000 contracts
- Record quarterly International ADV of 8.8 million contracts, including record EMEA ADV of 6.5 million contracts and record Asia ADV of 2 million contracts
March 2025 highlights compared to March 2024 include:
- Interest Rate ADV of 14.6 million contracts, an increase of 31%
- SOFR futures ADV increased 40% to 4.5 million contracts
- 10-Year U.S. Treasury Note futures ADV increased 39% to 2.4 million contracts
- 5-Year U.S. Treasury Note futures ADV increased 31% to 1.6 million contracts
- 10-Year U.S. Treasury Note options ADV increased 27% to 1.1 million contracts
- Record monthly Equity Index ADV of 9.7 million contracts
- Record Micro E-mini Nasdaq-100 futures ADV of 2.2 million contracts
- E-mini S&P 500 futures ADV increased 21% to 2.4 million contracts
- Micro E-mini S&P 500 futures ADV increased 91% to 1.6 million contracts
- Energy ADV of 2.6 million contracts, an increase of 21%
- Henry Hub Natural Gas futures ADV increased 40% to 678,000 contracts
- Henry Hub Natural Gas options ADV increased 71% to 316,000 contracts
- Agricultural ADV of 1.8 million contracts, an increase of 20%
- Corn futures ADV increased 52% to 476,000 contracts
- Corn options ADV increased 47% to 158,000 contracts
- Foreign Exchange ADV of 1.4 million contracts, an increase of 12%
- Japanese Yen futures ADV increased 7% to 236,000 contracts
- Canadian Dollar futures ADV increased 24% to 143,000 contracts
- Metals ADV of 720,000 contracts
- Micro Gold futures ADV increased 81% to 137,000 contracts
- Cryptocurrency ADV of 176,000 contracts, an increase of 59% ($8.4 billion notional)
- Micro Bitcoin futures ADV increased 18% to 72,000 contracts
- Micro Ether futures ADV increased 180% to 67,000 contracts
- Ether futures ADV increased 122% to 12,000 contracts
- International ADV increased 31% to 9.3 million contracts, with EMEA ADV up 33%, Asia ADV up 30% and Latin America ADV up 7%
- Micro Products ADV
- Micro E-mini Equity Index futures and options ADV of 4.1 million contracts represented 42.6% of overall Equity Index ADV and Micro WTI Crude Oil futures accounted for 2.1% of overall Energy ADV
- BrokerTec U.S. Repo average daily notional value (ADNV) increased 23% to $351.5 billion and European Repo ADNV increased 13% to €336.9 billion and U.S. Treasury ADNV increased 31% to $119.5 billion
- EBS Spot FX ADNV increased 39% to $76.2 billion and FX Link ADV increased 84% to 49,000 contracts ($4.4 billion notional per leg)
- Customer average collateral balances to meet performance bond requirements for rolling 3-months ending February 2025 were $75.8 billion for cash collateral and $179.8 billion for non-cash collateral
