CME · 10-Q · 2026Q3 · Full report

Cash Markets Demand

CME GROUP INC. · 2026-10-23 · Importance 20 · Surprise 24

Average daily notional values in CME Group’s cash markets business were higher in the third quarter and first nine months of 2026 than in the prior-year periods. The business includes BrokerTec fixed-income activity and EBS foreign-exchange activity; reported notional measures included U.S. and European repo, U.S. Treasury, and spot FX markets. CME Group attributed the increases to higher volatility, Middle East-related geopolitical uncertainty, and shifts in global monetary policy.

Key facts

• CME Group's cash markets business generated $74.0 million in transaction fees in the third quarter of 2026, compared with $69.8 million in the third quarter of 2025. source
• CME Group's cash markets business generated $224.5 million in transaction fees in the first nine months of 2026, compared with $215.4 million in the same 2025 period. source
• CME Group's overall cash markets average daily notional values were higher in the third quarter and first nine months of 2026 than in the comparable 2025 periods, attributed to higher volatility. source
• CME Group's cash markets business includes BrokerTec Americas LLC fixed income volume and EBS foreign exchange volume. source