CME Contract Volumes Rise Slightly in November, FX Lower
The CME Group has published their volume figures for November. For the month, total contracts traded (including futures and options) were 231,951,239, a 2.1% increase from October but 16.0% below the same period last year. The largest driver of trading growth was in the CME Group’s COMEX Metals unit which saw MoM and YoY volumes rise 37.7% and 11.3% respectively. Last week, the CME reported that the COMEX experienced its largest single day of trading volume for Gold futures products.
In FX, futures volume was recorded at 15,331,000 which was 5.9% lower than the same period last year and 1.7% below October’s figures. The FX options segment though did much better than its futures counterpart as FX options volumes rose 31.4% from October and 26.1% from November 2011.
Among individual currencies, trading in the Japanese yen surged and was 53.6% higher than last year. The currency benefitted from increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders were selling the yen on new rounds of stimulus from the Bank of Japan. The gains in volume tracked a similar situation occurring at the Tokyo Financial Exchange in its Click 365 product. Yen products moved into third place among the CME’s most traded currencies, coming ahead of the British pound for November. The New Zealand dollar also continued to see gains in trading activity as forex traders have been speculating on how a slowdown from China as well as Europe’s financial woes will affect New Zealand’s commodity and tourism markets.
Notable Forex Products
The CME Group has published their volume figures for November. For the month, total contracts traded (including futures and options) were 231,951,239, a 2.1% increase from October but 16.0% below the same period last year. The largest driver of trading growth was in the CME Group’s COMEX Metals unit which saw MoM and YoY volumes rise 37.7% and 11.3% respectively. Last week, the CME reported that the COMEX experienced its largest single day of trading volume for Gold futures products.
In FX, futures volume was recorded at 15,331,000 which was 5.9% lower than the same period last year and 1.7% below October’s figures. The FX options segment though did much better than its futures counterpart as FX options volumes rose 31.4% from October and 26.1% from November 2011.
Among individual currencies, trading in the Japanese yen surged and was 53.6% higher than last year. The currency benefitted from increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term as Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders were selling the yen on new rounds of stimulus from the Bank of Japan. The gains in volume tracked a similar situation occurring at the Tokyo Financial Exchange in its Click 365 product. Yen products moved into third place among the CME’s most traded currencies, coming ahead of the British pound for November. The New Zealand dollar also continued to see gains in trading activity as forex traders have been speculating on how a slowdown from China as well as Europe’s financial woes will affect New Zealand’s commodity and tourism markets.
Notable Forex Products