CME Group April Average Daily FX Volumes Drop 34% to $68 Billion Month-Over-Month
The exchange operator just reported that the daily number of foreign exchange futures contracts traded in April was 559,000 down

The Chicago Mercantile Exchange (CME) Group, reported today that it had an average daily volume of 12.2 million contracts traded per day during April 2014, up 6% compared to the same month last year, across its products.
Eurodollar futures, and Eurodollar options volumes also increased year-over-year (YoY) and the exchange operator reported a number of other positive figures YoY, but foreign exchange was not one of them from a month-over-month perspective, and neither when comparing to the same month last year.
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That is, average daily volumes (ADV) plummeted by 34% from $104 billion in March to $68 billion just reported for April, a decrease of just over one-third or $36 billion from the prior month’s total –which had held above the $100 billion mark.
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These figures, a 34% drop, consisted of 559,000 contracts traded per day on average during April, and lower by 296,000 per day when compared to March’s ADV of 855,000 contracts, and down 38% from April 2013 from a year-over-year perspective.
Just yesterday Forex Magnates reported the positive first quarter that CME reported, although the first month of Q2 appears to already be a more challenging one, as a number of venues report lower results following a drop in Forex volumes as volatility subdued in recent weeks. The news also follows the announcement of CME Europe launching at the end of last month.
Can you also include the notional value of the contracts you speak of?
Similar to how we measure forex volume in terms of actual dollars (e.g. 5.3 trillion dollar a day market). It helps to have real dollar amounts, not just contract count. I hope this makes sense.
Can you also include the notional value of the contracts you speak of?
Similar to how we measure forex volume in terms of actual dollars (e.g. 5.3 trillion dollar a day market). It helps to have real dollar amounts, not just contract count. I hope this makes sense.