CME Group Reports Solid FX Volumes in December 2019

CME Group’s average daily foreign exchange volumes in December 2019 was 1.02 million contracts per day.

Exchange operator CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has just released its 2019 aggregated volumes, sharing its trading statistics across key business segments. The latest figures hit an all-time high in terms of average daily volumes, having been subject to a wide range of factors that influenced the market last year.

In terms of its overall volume for 2019, CME Group reported an average of 19.2 million contracts during the year and 15.5 million contracts during the month of December. This latest reading did continue a consecutive monthly drop when compared to an average daily volume of 18.2 million contracts in November 2019.

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This growth was fueled by a strong performance with record 40 trading days and a volume of over 25 million contracts, up 29 percent from 35 days in 2018. Interest rate ADV hit 10.3 million contracts per day, up 4 percent from 2018, while metals ales averaged 668,000 contracts per day, up 5 percent from 2018. Options ADV were reported at 4 million contracts per day, up 2 percent from 2018.

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CME Group’s average daily foreign exchange volumes were virtually unchanged YoY in December 2019, coming in at 1.02 million contracts per day vs. the same number in 2018. Month-over-month, however, December figures were up by over 45 percent when compared to 688,000 contracts in November.

CME is set to launch options on its Bitcoin futures contracts on January 13, the latest move by the world’s largest futures exchange operator, to expand into the crypto business.

The Chicago-based exchange offered more insights about its upcoming crypto derivatives two weeks ago. The BTC options will be priced off of the CME Bitcoin Reference Rate, an index that references pricing data from several cryptocurrency exchanges, currently made up of Bitstamp, Coinbase, itBit, Kraken, and Gemini. They’ll settle into the CME Bitcoin futures contract, which trades under the ticker BTC and equals five Bitcoins.

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