Overall, the firm experienced a five percent decline in international daily volumes in the third quarter.
CME Group has announced its international (outside of North America) third-quarter trading volumes today. The firm, which is the largest futures exchange operator in the world, saw an increase in both its Asian and Latin American markets.
In the Asia Pacific region, the firm had an average daily volume (ADV) of 726,000 contracts in the third quarter of 2018. When compared to the same period last year, this is an increase of 4 percent.
According to the statement, this uptick was driven by a strong performance in both equity and foreign Exchange (FX) products. Specifically, equity volume was up 41 percent while FX trading volumes jumped by 36 percent in the region year-on-year.
Commenting on the increased trading volume, Christopher Fix, the Managing Director and Head of Asia Pacific at CME Group said: "in the past few months, heightened geopolitical uncertainty has further highlighted the need for Risk Management on a robust, liquid and regulated marketplace. We continue to see trading volume growth out of Asia Pacific, as our client education efforts gain further traction in the region."
Trading volume in Latin America also experienced a nice growth in the third quarter of this year with ADV at 82,000 contracts. This up by 21 percent year-on-year. It was driven by a growth of 92 percent in interest rate products and a 27 percent growth in energy products.
Trading Volume in EMEA Declines YoY for CME Group
Taking a look at the Europe, Middle East and Africa (EMEA) region for CME Group, ADV came in at 2.9 million contracts. While this might seem like a lot, this is actually down seven percent from the third quarter of 2017. Despite the overall decline, metals products did see an increase of 14 percent year-on-year and agricultural commodities were also up by three percent.
Overall, the firm’s international ADV hit 3.7 million contracts during the quarter. Despite gains in APAC and Latin America, this was still down by five percent year-on-year. In the third quarter, CME averaged 15.6 million contracts per day globally. This is slightly less than the third quarter of 2017 (down by one percent).
The results follow on from a solid second quarter, which experienced an average daily volume (ADV) for international transactions of 4.2 million contracts, an increase of 13 percent from the same time period last year.
During the month of September, CME Group experienced an ADV of 17.5 million contracts globally. This is a small jump of three percent when compared to the same time period last year. Open interest was 120 million contracts at the end of the month. This is an increase of 6 percent year-on-year and 11 percent from year-end 2017.
CME Group has announced its international (outside of North America) third-quarter trading volumes today. The firm, which is the largest futures exchange operator in the world, saw an increase in both its Asian and Latin American markets.
In the Asia Pacific region, the firm had an average daily volume (ADV) of 726,000 contracts in the third quarter of 2018. When compared to the same period last year, this is an increase of 4 percent.
According to the statement, this uptick was driven by a strong performance in both equity and foreign Exchange (FX) products. Specifically, equity volume was up 41 percent while FX trading volumes jumped by 36 percent in the region year-on-year.
Commenting on the increased trading volume, Christopher Fix, the Managing Director and Head of Asia Pacific at CME Group said: "in the past few months, heightened geopolitical uncertainty has further highlighted the need for Risk Management on a robust, liquid and regulated marketplace. We continue to see trading volume growth out of Asia Pacific, as our client education efforts gain further traction in the region."
Trading volume in Latin America also experienced a nice growth in the third quarter of this year with ADV at 82,000 contracts. This up by 21 percent year-on-year. It was driven by a growth of 92 percent in interest rate products and a 27 percent growth in energy products.
Trading Volume in EMEA Declines YoY for CME Group
Taking a look at the Europe, Middle East and Africa (EMEA) region for CME Group, ADV came in at 2.9 million contracts. While this might seem like a lot, this is actually down seven percent from the third quarter of 2017. Despite the overall decline, metals products did see an increase of 14 percent year-on-year and agricultural commodities were also up by three percent.
Overall, the firm’s international ADV hit 3.7 million contracts during the quarter. Despite gains in APAC and Latin America, this was still down by five percent year-on-year. In the third quarter, CME averaged 15.6 million contracts per day globally. This is slightly less than the third quarter of 2017 (down by one percent).
The results follow on from a solid second quarter, which experienced an average daily volume (ADV) for international transactions of 4.2 million contracts, an increase of 13 percent from the same time period last year.
During the month of September, CME Group experienced an ADV of 17.5 million contracts globally. This is a small jump of three percent when compared to the same time period last year. Open interest was 120 million contracts at the end of the month. This is an increase of 6 percent year-on-year and 11 percent from year-end 2017.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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