CME Group Releases October’s FX Futures and Options Metrics

Mexican Peso options ADV reached new record highs as the US presidential race has tightened.

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges has just released its FX Monthly Review for the month ending October 31, 2016 which showed an outperformance in the group’s FX Futures and Options segments, according to a CME statement.

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In particular, CME Group’s FX Futures averaged 699,116 contracts per day during October 2016, valued at $73 billion, which correlates to a gain of 6 percent YoY from its October 2015 equivalent. CME has also notched growth across the emerging market futures ADV which were up 39 percent from the same period a year ago and up 27% YoY YTD in 2016.

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During October 2016, total FX options averaged 63,693 contracts per day, which represented a drop of -11.0 percent YoY from 86,577 contracts per day in October 2015. Across a monthly interval though, the latest figures reported an 8.65 percent advance from 58,622 contracts per day in September 2016.

On the positive side, GBP options reversed the narrative after increased 106% YoY with over 14,000 contracts traded daily, while Mexican peso options ADV were also higher +230 percent compared to last year. In addition, Mexican Peso options ADV and open interest reached new record highs as the US presidential race has tightened.

Earlier this week, Finance Magnates reported on the CME Group when the company reported its October 2016 volumes, which were largely better when weighed against its 2015 equivalent. In terms of foreign exchange business, October 2016’s volume fared little better after averaging 771,000 contracts per day, which is a jump of 5 percent against 735,000 contracts in the same period of last year.

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