The CME Group derivatives market revealed that in the second quarter of 2022, it recorded an international average daily volume (ADV) of 6.3 million contracts.
The numbers are up 21% from Q2 2021. However, compared to the first quarter of this year, this represents a decline of 13.7%.
For transactions outside the United States, the volume was largely attributed to a 43% growth in equity index products, a 28% increase in interest rate products, an increase of 24% in foreign exchange products and 44% growth in stock options.
In Europe, the Middle East and Africa, ADV touched 4.3 million contracts, registering a 15% increase compared to Q2 2021. These figures were largely driven by a strong performance of equity index products and interest rate products in the region, up 31% and 24% respectively. , compared to the same period in 2021.
Asia Pacific ADV recorded a record 1.7 million contracts in the second quarter, up 36% on growth in equity index, interest rate and energy revenues in the region. ADV in Latin America reached 164,000 contracts with a 40% increase compared to Q2 2021.
Globally, CME Group recorded ADV of 23.1 million contracts in the second quarter of 2022, with an increase of 25% compared to the same period in 2021.
Derek Sammann, Senior Managing Director and Global Head of Commodities, Options and International Markets, CME Group, said:
Market conditions in the second quarter of the year continued to create an increased need for global risk management as clients around the world struggled to weather the continued uncertainty and volatility. We saw significant volume increases in Europe and Asia in the second quarter and continue to work with customers in these regions and beyond to provide the financial and commodity risk management tools they rely on, 24 24 hours a day and anywhere in the world.