CME Group FX Volumes Rise in October amid Japanese Yen and Euro Trading

Emerging markets currencies have also contributed to a solid month for the CME Group.

The CME Group reports that the company’s trading volumes for October showed a year-on-year increase. The results show a 15 percent rise in foreign exchange trading, netting a turnover of 888,000 FX contracts.

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The number is driven higher by a material rise in euro and Japanese yen trading. The CME Group also reports a rise in emerging markets currencies trading. Looking at the details, euro FX futures trading increased 36 percent to 253,000, while Japanese yen futures and options rose 36 percent to a total of 168,000 contracts.

FX options rose 27 percent, while electronic contracts ticked up 29 percent year-on-year.

Beyond FX

Interest in emerging market currencies drove Indian rupee trading volumes over 380 percent higher. The South African rand rose 106 percent, while Brazilian real trading jumped 50 percent higher.

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Overall, October 2017 netted the CME Group a total of 14.9 million contracts daily. The number is higher by 14 percent when compared to a year ago. Options volumes averaged 3.6 million daily, which is a rise of 44 percent, with electronic options representing 2.3 million daily.

Metals volume averaged 565,000 contracts per day, which is up 46 percent from October 2016. Gold trading netted a 54 percent increase to 345,000 contracts, while silver contracts were up 29 percent to 88,000 contracts.

Interest rate volumes averaged 7.6 million contracts per day, which is higher by 33 percent from October 2016. Amongst those, eurodollar futures and options grew 36 percent to 3.9 million contracts, while treasury futures and options ADVs rose 31 percent to 3.6 million contracts.

A record open interest in crude oil futures was marked at the end of the month with 2.9 million contracts open. Crude oil futures ADV grew 4 percent to 1.2 million contracts.

Equity index volumes averaged 2.2 million contracts daily last month, a figure that is 14 percent lower than in October 2016.

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