CME Group Reports 16 Percent Rise in Average Daily Volumes in August 2017

ADV growth is the result of a surge in volumes in metals and foreign exchange futures and options contracts.

CME Group (NASDAQ: CME), the world’s largest derivatives marketplace, has released its August 2017 trading volume data. The report includes trading volumes for metals, foreign exchange, energy, agriculture, equity index and interest rates. For the month of August 2017, the group reported an average daily volume (ADV) of 16 million, an increase of 16 percent compared to August 2016.
August was marked by volatility in the market due to various economic issues concerning major economies and geopolitical concerns regarding North Korea, factors leading to the increase.
The group’s options ADV stood at 3.1 million contracts per day, an increase of 30 percent compared to August 2016, electronic options averaged 2.2 million contracts daily, up 51 percent over the same period last year. Open interest at the end of the month stood at 119 million contracts, up by 13 percent from August 2016.
Compared to July 2017, the group registered 14 percent growth in ADV. All the sub-segments of the group have reported double digit growth, with metals contributing the most with a 50 percent rise year-on-year.
YoY, metals averaged 622,000 contracts per day (up 50 percent), foreign exchange averaged 817,000 contracts per day (up 29 percent), energy volume averaged a record 2.8 million contracts per day (up 25 percent), agricultural volume averaged 1.4 million contracts per day (up 18 percent), equity index volume averaged 2.7 million contracts per day (up 15 percent) and interest rate volume averaged 7.8 million contracts per day (up 10 percent).

Foreign Exchange Volume Insight

On a month on month basis, the group’s average daily volumes declined 5 percent. The decline was attributed to the contraction of volumes in euro FC futures and options and Australian dollar (AUD) futures and options.
JPY futures and options ADV grew 37 percent to 149,000 contracts YoY. Emerging market currency pairs futures and options also reported stellar growth in ADV, with Indian rupee (INR) leading the chart by growing 238 percent. South African rand (ZAR) futures and options were up by 146 percent, Swiss franc (CHF) 63 percent, Russian rouble (RUB) 75 percent and Brazilian real (BRL) 14 percent.
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