CME Group Discloses MoM Drop in March FX Options

During March 2018, total FX options averaged 72,781 contracts per day.

CME Group (NASDAQ: CME) has just released its Options Monthly Review for the month ending March 31, 2018, which showed a mixed performance across the group’s six product lines, according to a CME statement.

On an aggregated basis, CME’s ADV total option rose by six percent year-over-year, coming in at 4,202,055 per day, compared to ‎3,962,365 ‎a year ago.

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During March 2018, total FX options averaged 72,781 contracts per day, which represented a gain of five percent year-on-year from ‎69,597 ‎contracts per day in March 2017. Across a monthly interval though, the latest figures reported a 19.6 decrease from ‎90,583‎ contracts per day in February 2018.

More specifically, the EUR/USD options increased 10 percent year-on-year with over 33,594 contracts traded daily, while JPY/USD and CHF/USD options ADVs were lower by 19 percent and 57 percent respectively compared to last year.

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During the reported period, CME Group’s average daily equity index options volumes pointed higher, coming in at 883,725 contracts for the month, up by 15 percent from ‎765,945 ‎in the same period last year. However, the figure reflects a notable decline on the monthly basis, down nearly 40 percent compared to 1,455,941 in the prior month.

In terms of metals options, the holding company for CBOT, NYMEX, and COMEX exchanges averaged 53,661 contracts per day last month, up 14 percent when compared to last year’s figures. Relative to February, CME saw a lower ADV of 5 percent month-over-month from 56,434 contracts in the month prior.

Last month, the CME Group made headlines after the exchange operator reached ‎a landmark deal to acquire London-based fintech firm NEX in a transaction valued at £‎3.80 billion ($5.35 billion).


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