CME Group, , reported its fourth-quarter on Monday, revealing a healthy year-on-year uptick in its equity, interest rates and energy products.
Taking a look first at the Asia Pacific (APAC) region, in the fourth quarter of 2018, CME Group achieved an average daily volume (ADV) of 921,000 contracts in the area. When measured against the same time period in 2017, this is up by 45 per cent.
According to the statement from CME Group, this was largely driven by equity products, which reported a strong surge in trading volume of 201 per cent year-on-year. Interest rates and energy products also each saw a solid increase of 42 per cent and 35 per cent respectively.
For the whole of 2018, the ADV for was 862,000 contracts. When compared to the corresponding period in 2017 this represents an increase of 29 per cent. This growth was thanks to a 108 per cent year-on-year uptick in equity products, and well as a 28 per cent and 14 per cent jump in energy and interest rate products, respectively.
source: LinkedIn
“We continue to see trading volume growth out of Asia Pacific, as market participants further look to CME Group to manage their risks across multiple asset classes.”
Interest rate products drive growth for CME Group in Latin America
Trading volumes in Latin America also showed healthy growth during the quarter. During Q4 of 2018, the ADV for the region was 107,000 contracts, up 54 per cent when compared to the same time period in the previous year.
In Latin America, however, it was interest rate products that predominately drove growth by achieving a 204 per cent year-on-year increase. Equity products were also up by 21 per cent on a yearly basis.
For 2018 as a whole, the ADV for Latin America was 100,000 contracts. This represents an increase of 49 per cent year-on-year. Again, this uptick was driven mainly by growth in interest rate products (103 per cent), followed by equity products (30 per cent).
EMEA region reports modest but solid growth
CME’s trading activity in the (EMEA) region also achieved positive results. However, they were less significant than APAC and Latin America. Specifically, ADV for the quarter hit 3.7 million contracts which is 16 per cent higher than the same time period in 2017.
Again, equity and interest rate products drove the uptick, by increasing by 44 per cent and 28 per cent respectively on a yearly comparison. For the complete year, the EMEA ADV for 2018 was 3.4 million contracts, up by 14 per cent from 2017.
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