LONDON, UK / ACCESSWIRE / October 5, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for CME Group Inc. (NASDAQ: CME) ("CME"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=CME. The Company announced on October 03, 2017, that the Average Daily Volume (ADV) for September 2017 reached 17 million contracts, up 13% from September 2016. CME is the world's leading and most diverse derivative marketplace, where it stated in September 2017 that the total options volume averaged 3.6 million contracts per day, up 25% from September 2016, while electronic options averaged 2.4 million contracts per day, up 36% YOY. Open interest was 114 million contracts at the end of September 2017, advancing 11% from the end of September 2016. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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The Announcement
CME announced that the metals volume averaged at 660,000 contracts per day, in September 2017, up 72% from September 2016. The Company reached quarterly ADV of 611,000 contracts, up 42% from Q3 2016, including the records for Gold Copper and Platinum Futures and options. The silver futures and options ADV advanced 37% to 93,000 contracts, according to CME.
The foreign exchange volume for the Company stood at 1.3 million contracts per day in September 2017, up 30% from September 2016. CME reached Euro FX futures and options ADV of 296,000 contracts, up 22% YOY. The Company observed Japanese Yen futures and options grew 39% to 231,000 in September 2017. CME achieved a 31% growth for British Pound futures and options, hence averaging about 170,000 contracts.
The interest rate volume was about 8.2 million contracts per day in September 2017, up 26% from September 2016. CME reached record quarterly and monthly ADV in electronic Interest Rate options of 1.1 million and 1.3 million, respectively. CME also achieved a 55% growth in Weekly Treasury options ADV to 161,000 contracts.
CME reported the agricultural volume of 1.1 million contracts per day in September 2017, advancing 17% from September 2016. The Company observed Corn futures and options ADV to advance 12% to 310,000 contracts YOY in September 2017, while agricultural options ADV advanced 16% to 219,000 contracts YOY.
CME observed the energy volume averaging 2.7 million contracts per day in September 2017, up 9% from September 2016. The Company reached record quarterly ADV of 2.7 million contracts, up 17% from Q3 2016, including a record 1.5 million WTI futures and options contracts. On the other hand, Natural Gas futures and options advanced 13% to 579,000 contracts, including an electronic Natural Gas futures and options growth of 19% to 482,000 contracts in September 2017.
Company Growth Prospects
CME observed an equity index volume averaging 3.1 million contracts per day in September 2017, declining 18% YOY. Post the launch of the Company's Russell 2000 futures in July 2017, and Q1 2017 rollover of positions from September quarterly contracts to December, over 91% of open interest previously held on Intercontinental Exchange transitioned to CME. With this transfer of positions, CME expects overall equity average rate-per-contract to be about 69 cents in Q3 2017.
Last Close Stock Review
At the closing bell, on Wednesday, October 04, 2017, CME Group's stock marginally fell 0.33%, ending the trading session at $136.88. A total volume of 1.01 million shares have exchanged hands. The Company's stock price soared 10.66% in the last three months, 16.44% in the past six months, and 35.35% in the previous twelve months. Moreover, the stock rallied 18.66% since the start of the year. The stock is trading at a PE ratio of 27.97 and has a dividend yield of 1.93%. The stock currently has a market cap of $46.59 billion.
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