In August, asset managers reached a record $207 billion in gross notional open interest at CME Group, marking a 20% increase year-over-year. This figure reflects the total face value of outstanding derivative positions held by institutional desks.
CME Group reported an average daily trading volume of 29.7 million contracts for August, a 6% rise compared to the previous year. Interest rate products accounted for 16.7 million contracts per day, while equity index and energy contracts reached 6.8 million and 2.3 million respectively.
US Treasury futures and options saw a 15% year-over-year increase in daily volume, reaching 11.8 million contracts. Ultra US Treasury Bond futures specifically averaged 791,000 contracts per day, setting a new record for the product.
Cryptocurrency products at CME averaged 175,000 contracts per day in August. The notional value for these crypto contracts ranged between $7.9 billion and $12 billion, depending on the specific product mix.
The subsidiary BrokerTec recorded a 16% year-over-year increase in average daily notional value, reaching $1.059 trillion. European repo activity was a significant contributor, showing a 27% growth compared to the prior year.
