CME Group announced that its international average daily volume (ADV) reached a record 8.4 million contracts in Q3 2024, marking a 29% increase year-on-year. This record volume reflects all trading reported outside the United States, demonstrating the company's expanding global footprint. The growth was broad-based, with all asset classes contributing to the surge.
The highest trading volumes were observed in interest rate and equity products, which together accounted for three-quarters of the volume growth. Interest rate products saw a record 32% increase in quarterly volumes year-on-year, driven by a 38% growth in SOFR futures and a 25% growth in Treasury contracts. Energy products grew 30%, Equities products were up 25%, and FX volumes increased by 14%.
EMEA ADV hit a record 6.2 million contracts, up 30% from Q3 2023, while APAC ADV reached 1.8 million contracts, up 28%. This international expansion underscores how clients globally are utilizing CME Group's diverse products to navigate market unpredictability and volatility. The sustained international growth is a key driver for the company's overall performance.
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