CME Group Reports Record Equity and Flat FX Volumes for October

The average daily Equity Index volume increase by 111 percent year-on-year.

CME Group, the world’s largest futures exchange operator, has announced its trading volumes for October 2018. The firm reported that the average daily volume (ADV) increased across all of its six product lines during the month.

Overall, during October, the AVD reached 20.6 million contracts per day. When compared to the same period last year, this is an increase of 38 percent.

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Taking a look at foreign exchange (forex) volume, CME Group averaged 903,000 contracts per day during the month. This is an increase of two percent year-on-year. One of the highlights for this sector includes Euro FX futures and options ADV increasing by five percent to reach 265,000 contracts.

Canadian dollar futures and options ADV was also up on a year-on-year basis by one percent, hitting 80,000 contracts. The ADV for numerous emerging market currencies also increased, including the Indian rupee, Russian ruble, and Mexican peso.

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For metals, the ADV was 571,000 contracts during the month of October. Comparing this to October 2017, this is up by one percent. In this sector Gold options saw the biggest increase in ADV, jumping by 43 percent to reach 54,000 contracts.

Agricultural volume also averaged 1.2 million contracts per day during this month. This is up four percent year-on-year. One of the most notable achievements for this sector was for Hard Red Winter Wheat futures and options, which increased by 33 percent, coming in at 46,000 contracts.

CME Group Achieves Record Trading Volumes for Equities

Equity Index volume also achieved a significant increase in ADV, jumping by 111 percent from October 2017 to 4.7 million contracts per day. E-mini Nasdaq-100 futures and options ADV was up by a considerable 181 percent, hitting 739,000 contracts.

In October, E-mini Nasdaq-100 futures achieved a record of 1.15 million contracts traded on October 11, 2018. On the same day, E-mini Dow futures achieved a record daily volume of 697,000 contracts.

The overall positive trading results for October come on the same day that CME Group has officially acquired NEX Group Plc. As Finance Magnates reported on Wednesday, CME Group received all of the regulatory approvals necessary to complete its estimated $5.5 billion takeover of Michael Spencer’s NEX Group Plc. That acquisition was finalized on Friday.

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