The exchange operator just reported that the daily number of foreign exchange futures contracts traded in April was 559,000 down 34% from the 855,000 traded in March, as the start of Q2 proves challenging.
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.
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.
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.
Overall the total volume for April 2014, traded across the exchanges products was more than 256 million contracts, of which 87 percent was traded electronically. CME Chairman, Terry Duffy spoke at the end of April about market confidence in an interview published on Yahoo Finance, following recent events surrounding controversy over rigged benchmarks, foreign exchange, and now equities markets - following recent attention on HFT and best-execution. He said despite these, "People should feel confidence in the overall structure of the markets," and how a longer time horizon should be viewed over day-to-day short-term focus.
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.
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.
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.
Overall the total volume for April 2014, traded across the exchanges products was more than 256 million contracts, of which 87 percent was traded electronically. CME Chairman, Terry Duffy spoke at the end of April about market confidence in an interview published on Yahoo Finance, following recent events surrounding controversy over rigged benchmarks, foreign exchange, and now equities markets - following recent attention on HFT and best-execution. He said despite these, "People should feel confidence in the overall structure of the markets," and how a longer time horizon should be viewed over day-to-day short-term focus.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
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.
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#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
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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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#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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