CME Group Reports YoY Drop in January FX Options

FX options averaged 68,883 contracts per day, which represented a drop of -23.0 percent YoY from 84,900 in January 2016.

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges has just released its Options Monthly Review for the month ending January 31, 2017 which showed an underperformance across all the group’s six product lines, according to a CME statement.

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During January 2017, total FX options averaged 68,883 contracts per day, which represented a drop of -23.0 percent year-on-year from 84,900 contracts per day in January 2016. Across a monthly interval though, the latest figures reported a 10.1 percent advance from 62,567 contracts per day in December 2016.

On the positive side, Mexican peso options reversed the narrative after increasing 324 percent year-on-year with over 9,260 contracts traded daily, while JPY and GBP options ADVs were also higher 4 percent and 1 percent respectively compared to last year.

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During the reported period, CME Group’s average daily equity index options volumes pointed lower, coming in at 653,871 contracts for the month, down by -12 percent from 681,375 in the same period of last year. However, the figure reflects a slight improvement on the monthly basis, up nearly 1.4 percent compared to 644,903 in the prior month.

In terms of metals options, the holding company for CBOT, NYMEX, and COMEX exchanges averaged 40,696 contracts per day last month, lower -5 percent when compared to last year’s figure of 30,211. Relative to the previous month, CME saw an improved ADV of 2.5 percent MoM from 39,680 contracts in December 2016.

Earlier this week, Finance Magnates reported on the CME Group when the company published its financial results for the full year and fourth quarter of 2016, which were largely better when weighed against its 2015 equivalent. CME saw a period of strong revenues in 2016 overall, which were fueled by advances in yields across a number of its business segments, coming in at $3.6 billion, a gain of 9 percent year-on-year from $3.3 billion reported back in 2015.

 

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