The CME Group has announced their May volume results. During the month, total average daily volumes (ADV) rose a staggering 26.7% above April’s figures, and were 11% from the same period last year to 14.7 million contracts. Volume gains were led by Interest Rate products which averaged 7.8 million contracts of daily volume, 81% above last month’s figures. The gains in Interest Rate activity led the exchange to set an all-time record of 26.9 million contracts traded on May 29th, as well as individual daily volume records for numerous Treasury products.
In FX trading, ADV in May was 1.031 million contracts, 11% above April’s figures, and 9% higher than the same period last year. The CME Group stated that volumes were paced by “continued strength in Japanese Yen”. Elsewhere, Metals ADV dropped 16.5% to 444,000 contracts, after setting a record for activity during April.
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