CME Group Reports Mixed Volumes in October 2016, FX Contracts Slightly Up

CME’s forex volume fared little better in October 2016 after averaging 771,000 contracts per day.

CME Group (NASDAQ: CME), one of the world’s largest derivatives marketplace, has reported its October 2016 volumes, which were largely better when weighed against its 2015 equivalent, according to a CME statement.

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In particular, CME Group averaged 13.07 million contracts per day during October 2016, which correlates to a gain of 2 percent YoY from 12.832 million contracts in October 2015. CME has also notched growth across all of its six product lines YTD in 2016, which averaged 15.2 million contracts per day, up 8 percent from the same period a year ago.

For the month ending October 2016, CME Group saw its interest rate volume average 5.719 million contracts per day, which represents a decline of -1.0% YoY compared with 5.804 million contracts in October 2015.

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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. In addition, CME Group reported its energy volumes at an average of 2.409 million contracts per day during October 2015, up a staunch 17.0% YoY from 2.065 million contracts per day in October 2015.

Equity Indexes volume orchestrated a decline of -4% YoY after revealing only 2.60 million contracts per day from 2.719 million in October 2015.

Finally, CME Group’s Metals volume was more upbeat in its overall performance, managing to average 386,000 contracts per day in October 2016, which was good for a YoY advance of 27.0% vs. 304,000 contracts in October 2015.

Back in October, CME Group Inc. (NASDAQ: CME) reported its second best quarter ever with revenues amounting to $842 million while the company’s operating income totaled $525 million, which came in at $820 million with an operating income of $495 million for Q2 2016. Net income was also $473 million and diluted earnings per share were $1.39.

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