CME Group Crosses Key Growth Threshold in Terms of Derivatives Volume

by Jeff Patterson
  • CME Europe originally launched back in April 2014, with total volume since its conception now totaling 1,002,497 contracts.
CME Group Crosses Key Growth Threshold in Terms of Derivatives Volume
Bloomberg

CME Group (NASDAQ:CME), a global derivatives marketplace, passed a key threshold today, achieving over one million contracts traded on its London-based derivatives Exchange , CME Europe, according to a CME statement.

CME Europe is a UK-based derivatives exchange that is a wholly owned subsidiary of CME Group. CME Europe offers a pantheon of Risk Management services as well as access to myriad asset classes including derivatives, foreign exchange (FX), and commodities futures. CME Europe originally launched back in April 2014, with total volume since its conception now totaling 1,002,497 contracts as of yesterday.

The group’s growth trajectory and extant focus has been largely driven by the wide latitude of its product range and scope, with sizable gains to its FX, energy and agricultural commodities futures contracts.

According to Cees Vermaas, Chief Executive Officer (CEO) of CME Europe, in a recent statement on the exchange’s performance, "CME Europe has established itself in the European market, and our commitment to providing customers with choice and best-in-class processes for clearing, margining and pricing is resonating with a wide range of market users. This milestone is an important one for our growth overall, and we remain committed to serving the risk management needs of market participants in Europe."

Last week, CME Group (NASDAQ: CME) reported its average daily trading volumes (ADV) for the month ending November 2015. The group saw an ADV of 13.7 million contracts for November 2015, a 6% YoY improvement from November 2014, and an increase of almost a million contracts from October 2015.

In particular, the group’s FX trading volumes also stood at a daily average of 713,000 contracts, down by -23.0% YoY, making this segment the biggest loser during the reporting period

CME Group (NASDAQ:CME), a global derivatives marketplace, passed a key threshold today, achieving over one million contracts traded on its London-based derivatives Exchange , CME Europe, according to a CME statement.

CME Europe is a UK-based derivatives exchange that is a wholly owned subsidiary of CME Group. CME Europe offers a pantheon of Risk Management services as well as access to myriad asset classes including derivatives, foreign exchange (FX), and commodities futures. CME Europe originally launched back in April 2014, with total volume since its conception now totaling 1,002,497 contracts as of yesterday.

The group’s growth trajectory and extant focus has been largely driven by the wide latitude of its product range and scope, with sizable gains to its FX, energy and agricultural commodities futures contracts.

According to Cees Vermaas, Chief Executive Officer (CEO) of CME Europe, in a recent statement on the exchange’s performance, "CME Europe has established itself in the European market, and our commitment to providing customers with choice and best-in-class processes for clearing, margining and pricing is resonating with a wide range of market users. This milestone is an important one for our growth overall, and we remain committed to serving the risk management needs of market participants in Europe."

Last week, CME Group (NASDAQ: CME) reported its average daily trading volumes (ADV) for the month ending November 2015. The group saw an ADV of 13.7 million contracts for November 2015, a 6% YoY improvement from November 2014, and an increase of almost a million contracts from October 2015.

In particular, the group’s FX trading volumes also stood at a daily average of 713,000 contracts, down by -23.0% YoY, making this segment the biggest loser during the reporting period

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
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