CME Group Discloses YoY Drop in March 2017 FX Options

FX options averaged 69,597 contracts per day, down -8.0 percent year-on-year from 72,055 contracts per day in March 2016

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges has just released its Options Monthly Review for the month ending March 31, 2017 which showed a mixed performance across the group’s six product lines, according to a CME statement.

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On an aggregated basis, CME’s ADV total option shot higher by 47 percent year-over-year, coming in at 3,962,365 per day.

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During March 2017, total FX options averaged 69,597 contracts per day, which represented a drop of -8.0 percent year-on-year from 72,055 contracts per day in March 2016. Across a monthly interval though, the latest figures reported a 14.9 percent advance from 60,524 contracts per day in February 2017.

On the positive side, the JPY/USD options reversed the narrative after increasing 32 percent year-on-year with over 17,132 contracts traded daily, while EUR/USD and CHF/USD options ADVs were lower -24 percent and -17 percent respectively compared to last year.

During the reported period, CME Group’s average daily equity index options volumes pointed higher, coming in at 765,945 contracts for the month, up by 41 percent from 481,380 in the same period last year. In addition, the figure reflects a slight improvement on the monthly basis, up nearly 4.0 percent compared to 736,454 in the prior month.

In terms of metals options, the holding company for CBOT, NYMEX, and COMEX exchanges averaged 47,206 contracts per day last month, largely unchanged when compared to last year’s figures. Relative to February, CME saw an improved ADV of 7.9 percent MoM from 43,712 contracts in the month prior.

Last week, Finance Magnates reported on the CME Group when the company published its March 2017 volumes, which showed mixed month-over-month performances across key business segments. In terms of its overall volume for March 2017, CME Group disclosed an average of 16.9 million contracts per day, which correlated to a fall of -8.2 percent month-over-month from 18.4 million contracts per day in February 2017. This reading snaps what had been two straight months of rising volumes at the group, though this average daily figure was attributed to a different number of trading days relative to February.

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