The CME Group has just reported its latest trading volumes metrics for the month of July with the amount of FX contracts traded on the exchange totaling 724,000 per day. The figure is lower by 1 per cent when compared to last year and is significantly different from the trends we have seen from major ECNs in the industry.
Exchange traded foreign exchange contracts have not proven to be as popular amongst traders. Trading in the British pound marked a notable increase with the Average Daily Volumes (ADV) of futures and options transacted on the CME Group reaching 126,000 contracts per day. The figure was higher by 47 per cent.
Trading in emerging markets currencies has also increased with the Brazilian Real leading the way with growth totaling 33 percent, while the South African Rand and the Mexican Peso were up 26 percent and 8 percent respectively.
Total CME Group Figures
Looking at the total numbers including all asset classes traded on the exchange, the company’s metrics look much perkier. The ADV totaled 14.1 Million contracts per day, which is an increase of 10 per cent when compared to July last year.
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According to the data published by the CME Group, options accounted for 3.2 million contracts per day, which is higher by 9 per cent, while electronic options amounted to 1.7 million contracts per day. The number was higher by 6 percent when compared to last year.
Metals marked another increase with volumes averaging 503,000 contracts daily, which is higher by 32 per cent. Gold futures advanced 42 per cent to an ADV value of 296,000 contracts while Silver futures added 62 percent to 74,000 contracts.
The amount of energy volume increased by 20 per cent to 2.2 million contracts per day in July. The increase was primarily driven by WTI crude oil futures, where ADV totaled 956,000 contracts, a number which marks a 39 per cent increase when compared to last year.
Interest rate volumes totaled 6.8 million contracts per day, which is higher by 14 per cent from July 2015. Among these, Eurodollar options spiked 45 per cent to 1.3 million contracts per day, while electronic Eurodollar options grew 51 percent to 292,000 contracts daily.
Equity index volumes averaged 2.6 million contracts in July, which is only marginally higher than last years numbers. An increase in activity has been identified in Nikkei 225 trading, where growth totaled 29 per cent.