CME Group announced that its BrokerTec business reached a new single-day volume record of $1.05 trillion in average daily notional volume (ADNV) traded on March 3. This all-time high surpasses the ADNV of $909 billion recorded for February 2025. The achievement underscores robust activity in fixed income markets.
This record was driven by a series of individual product records across the U.S. Treasuries, U.S. and EU Repo, and European Government Bond central limit order book (CLOB), request-for-quote (RFQ), and streaming platforms. The broad-based nature of this record indicates strong market liquidity and participation across BrokerTec's offerings. It highlights the platform's critical role in global fixed income trading.
The significant volume demonstrates the continued importance of CME Group's electronic trading venues for institutional clients. This operational milestone contributes positively to CME Group's overall transaction and clearing fee revenues. It reinforces BrokerTec's position as a leading marketplace for benchmark cash U.S. Treasuries and repo transactions.
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