• Record Interest Rate and Equity Index volume 
• Record SOFR futures volume 
• Record 30 Day Fed Funds futures volume 

CME Group, the world’s leading derivatives marketplace, reported its highest daily volume on record, with 66,250,862 contracts traded on March 13. This follows the company’s fourth highest daily volume on March 10, when 56,433,765 contracts traded.

Just in: CME Group hits daily trading volume record of more than 66 million contracts, driven by Interest Rate and Equity Index complexes. https://t.co/rOKFskoX93

— CME Group (@CMEGroup) March 14, 2023

“Given the extreme volatility in today’s environment, exacerbated by the recent failures of Silicon Valley Bank and Signature Bank, we are seeing a flight to futures as participants turn to our deeply liquid markets,” said CME Group Chairman and Chief Executive Officer Terry Duffy. “The importance of risk management cannot be overstated. Our futures and options on futures products are doing what they were designed to do, as investors seek to protect their portfolios amid heightened volatility.”

The company also reached the following daily records across its Interest Rate and Equity Index complexes on March 13:

• Record Interest Rate futures and options volume of 41,904,908 contracts

• • Record SOFR futures volume of 15,548,464 contracts
  • Record SOFR options volume of 5,974,351 contracts
  • Record 30 Day Fed Funds futures volume of 2,258,410 contracts

• Record Equity Index futures and options volume of 17,805,973 contracts

• • Record Micro E-Mini S&P 500 futures volume of 2,895,971 contracts
  • Record E-Mini Russell 2000 futures volume of 1,053,544 contracts
  • Record Micro E-Mini Dow Jones futures of 607,411 contracts

Source: CME