CME Group's International Volume Soars to Record Highs in Q2 2025

LONDON and SINGAPORE – July 10, 2025 – CME Group (NASDAQ: CME), the world's leading derivatives marketplace, today announced a significant milestone: its quarterly international average daily volume (ADV) reached an unprecedented 9.2 million contracts in Q2 2025. This remarkable achievement represents an impressive 18% year-over-year increase, underscoring the robust global demand for CME Group's diverse suite of derivatives products.

This record-breaking performance reflects all trading activity reported outside the United States, highlighting the growing international footprint and strategic expansion of CME Group. The growth was primarily propelled by exceptional quarterly ADV figures in two key regions: Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

Regional Growth Drivers

EMEA Leads the Charge

The EMEA region demonstrated particularly strong momentum, recording an average daily volume of 6.7 million contracts in Q2 2025. This represents a substantial 15% increase compared to the same period last year. The sustained growth in EMEA can be attributed to several factors, including increased geopolitical stability, evolving regulatory landscapes that favor centralized clearing, and a heightened need for risk management tools among institutional investors and corporations operating within these diverse markets. Products such as interest rate derivatives, foreign exchange, and energy contracts likely saw significant uptake as market participants navigated fluctuating economic conditions and sought efficient hedging strategies.

APAC's Explosive Growth

The Asia Pacific region exhibited even more dramatic growth, with its ADV soaring to a record 2.2 million contracts, marking an impressive 30% year-over-year surge in Q2 2025. This rapid expansion in APAC is indicative of the region's burgeoning financial markets, increasing sophistication of local investors, and the growing integration of Asian economies into the global financial system. Factors contributing to this growth include the expansion of digital trading platforms, increased participation from institutional investors, and the rising demand for commodity and equity index derivatives as a means to manage exposure to volatile regional markets and capitalize on growth opportunities.

Market Context and Implications

CME Group's record international volumes are a strong indicator of several broader market trends. Firstly, they reflect a global environment where risk management and hedging strategies are becoming increasingly critical for businesses and investors alike. In an era of persistent economic uncertainty, inflation concerns, and geopolitical shifts, derivatives offer essential tools for price discovery and risk mitigation. Secondly, the significant growth in EMEA and APAC underscores the ongoing shift in global economic power and the increasing importance of these regions in the financial landscape. CME Group's ability to capture this growth demonstrates its effective international strategy and product relevance.

This performance also suggests a healthy underlying liquidity in global derivatives markets, which is crucial for efficient price formation and the smooth functioning of financial systems. As central banks globally continue to adjust monetary policies, the demand for interest rate and currency derivatives is likely to remain elevated, further supporting CME Group's core business.

Investment Insights

For investors, CME Group's Q2 2025 performance provides several key takeaways:

• Strong Fundamental Growth: The consistent double-digit growth in international ADV points to robust underlying demand for CME Group's services, suggesting a strong fundamental business outlook.
• Diversified Revenue Streams: The significant contributions from both EMEA and APAC highlight the company's success in diversifying its revenue geographically, reducing reliance on any single market.
• Resilience in Volatile Markets: Derivatives exchanges often benefit from increased market volatility as participants seek to hedge risks or speculate on price movements. This makes CME Group a potentially resilient investment during periods of economic uncertainty.
• Scalable Business Model: As a marketplace operator, CME Group benefits from a highly scalable business model where increased trading volumes directly translate to higher transaction fees with relatively low marginal costs.

Investors should monitor future international volume reports, particularly from emerging markets, as well as the company's efforts to introduce new products tailored to regional demands. The continued expansion of its international footprint and product offerings will be key drivers of long-term value.

Conclusion

CME Group's record international average daily volume in Q2 2025 is a testament to its global leadership and strategic execution. The impressive growth in EMEA and APAC not only highlights the company's successful international expansion but also reflects the increasing global reliance on sophisticated derivatives markets for risk management and capital efficiency. This strong performance positions CME Group favorably for continued growth in the evolving global financial landscape.