CME Group Posts 13 Percent Rise in ADV in September 2017

Foreign exchange volume reported huge surge as demand for emerging market currencies increases.

CME Group (NASDAQ: CME), the world’s largest derivatives marketplace, has released its September 2017 trading volume data. The report includes trading volumes for metals, foreign exchange, energy, agriculture, equity index and interest rates. For the month of September 2017, the group has reported a 13 percent rise in average daily volume (ADV) to 17 million contracts, compared to September 2016 data.

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September was marked by volatility in the market due to various major economic and geopolitical concerns. Hawkish developments from central banks including the Federal Reserve, the Bank of England and the European Central Bank, such as the tightening of measures on balance sheets and possible rate hikes, also fuelled speculation in the market.
The group’s options ADV increased by 25 percent to 3.6 million contracts per day compared to September 2016 with electronic options averaging 2.4 million contracts daily, up 36 percent compared to same period last year. Open interest at the end of the month stood at 114 million contracts, up by 11 percent from September 2016.
Compared to August 2017, the group registered 6 percent growth in ADV in September. All the sub-segments of the group have reported double-digit growth, with metals contributing the most in the segment with a 72 percent rise in ADV compared to the previous year, with 660,000 contracts per day.
The foreign exchange segment averaged 1,256,000 contracts per day (up 30 percent), interest rate volume averaged 8.2 million contracts per day (up 26 percent), agricultural volume averaged 1.1 million contracts per day (up 17 percent), energy volume averaged a record 2.6 million contracts per day (up 9 percent), and equity index volume averaged 3.08 million contracts per day (down 18 percent).

FX Volumes Insight 

On a month-on-month basis, the group’s FX ADV increased by 53 percent. The increase was attributed to the expansion of volumes in emerging market currencies and British pound futures and options ADV.
JPY futures and options ADV grew 39 percent to 231,000 contracts and euro FX futures and options ADV grew 22 percent to 296,000 contracts compared to September 2016. Emerging market currency pairs futures and options also reported stellar growth in ADV, with the Indian rupee (INR) leading the chart by growing 367 percent. and the South African rand (ZAR) futures and options up by 170 percent,.
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