Q3 2023 Options Update

As we head into Q3, we market the end of what has been a great first half of the year (H1). Overall performance of options has been strong in H1, with a record 5.23M average daily volume (ADV) and 649M total contracts traded.

Agricultural options and weekly options experienced a record quarter in Q2 as clients tapped into their trading flexibility: 

• Q2 Agricultural options trading sets a new record 384K ADV, 7% higher than the previous record in Q2 2019
• Q2 2023 Weekly options trading across all asset classes surges 12.57% compared to Q2 2022
• In the first half of 2023, Weekly options surged to 21.11% relative to the first half of 2022.

SOFR options ADV increased 935% to 1.8M contracts and WTI Crude Oil Weeklies (LO1-5) continue to grow, reaching a record quarter of 9.3K ADV.

This consistent strength in our options franchise may be attributed to several factors, such as volatility in the markets, new participants, and the demand for risk management tools. This growth illustrates the liquidity in our markets. CME Group has all your hedging and positioning needs covered, to help manage risk across all asset classes.