CME boasts 6% increase in FX volumes YOY

More positive news for FX volumes on the back of The Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Committee's summary since the last quarter. CME Group, the world's leading and most diverse derivatives marketplace, announced July volume averaged 12.7 million contracts per day, up 17 percent from July 2010. Total volume for July was 253 million contracts, of which 85 percent was traded electronically. July 2011 month-end open interest reached 97 million contracts, up 8 percent from the same period last year.

CME Group foreign exchange (FX) volume averaged 885,000 contracts per day, up 6 percent compared with the same period a year ago, reflecting average daily notional value of $125 billion.

The bourse has long been positioning itself as the leading alternative for FX trading on exchange. The recently launched futures contracts on Chinese currency calculated in USD terms. The Chinese Yuan has significant OTC volumes, an average $21 billion in renminbi-linked derivatives was traded per day in 2010, according to the Bank for International Settlements. Nearly all of that took place off of exchanges.

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