CME Group May Volumes Higher Amid Segment Declines Compared to April

FX volumes dip for CME Group amid mixed results in other segments in May.

Leading derivatives marketplace operator, CME Group, today reported its May 2016 trading volumes volume which averaged 14.9 million contracts per day, up 6% from May 2015 and higher from the 13.8 million reported last month, a month-on-month rise of 8% across all its venue’s contracts.

Interest rate volumes rose to 156,551,411 contracts in total for the month, up 34.9% from April yet little-changed when compared year-over-year. However, this segment helped offset volume declined in other product contracts which enabled the overall exchange volumes to rise by 7.7% compared to April.

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FX Volumes down 7% from April

Foreign exchange volumes at the CME had an ADV of 716,000 for each trading day in May, yet was lower from 19% on a YoY basis, and down from 771,000 reported in the prior month. Overall, FX contracts totaled 15,010,970 for May, lower by 14.4% YoY, and down 7% from April 2016 and following a strong overall Q1 that the company reported.

The company had taken a number of measures recently with regard to some of its foreign exchange products, including delisting 5 FX futures contracts, as volumes shifted to some of its other related contracts, as well as announcing a new FX liquidity creation program in Europe.

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CME noted that its eurodollar options ADV totaled 1.1 million contracts per day in May, meanwhile, S&P 500 futures ADV totaled 1.6 million contracts, and E-mini S&P 500 options had ADV of 503,000 contract through the month.

Equity index and interest rates leading

Equity index volumes totaled 54,598,055 contracts in May and lower by 3.5% from April despite being nearly 30% higher YoY. This segment had the second most contracts traded, following interest rates, with 54,598,055 contracts trading in May.

CME’s agricultural commodities business pulled back from its April peak, falling to an ADV of 1.4 million in May, compared to 1.9 million in ADV during April. Metals trading totaled 10,067,043 contracts in May and up 49.3% YoY, and with the second highest segment gain after Interest Rates when compared to April 2106.

CME highlighted in a statement that its gold futures contracts had ADV of 286,000 in May, silver futures ADV was 57,000 contracts, and copper futures contracts had an ADV of 73,000 contracts for the month that just closed. The group’s commodities and alternative investment segment reported a 27% decline in May with totals reaching 29,778,289 yet lower from 40,801,641 recorded in April.



Source: CME Group May 2016 Totals
Source: CME Group May 2016 Totals
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