CME Group Reports YoY Drop in October FX Options

GBP options reversed the narrative after increased 106% YoY with over 14,000 contracts traded daily.

Chicago-based CME Group (NASDAQ: CME), one of the world’s paramount exchange operators, has published its October Options Review which showed a mixed performance across the group’s overall business, according to a CME statement.

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During October 2016, total FX options averaged 63,693 contracts per day, which represented a drop of -11.0 percent YoY from 86,577 contracts per day in October 2015. Across a monthly interval though, the latest figures reported a 8.65 percent advance from 58,622 contracts per day in September 2016.

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On the positive side, GBP options reversed the narrative after increased 106% YoY with over 14,000 contracts traded daily, while Mexican peso options ADV were also higher +230 percent compared to last year.

During the reported period, CME Group’s average daily Equity Index options volumes pointed higher, coming in at 592,709 contracts for the month, up by 4 percent from 559,246 in the same period of last year. However, the figure reflects a massive drop on the monthly basis, down nearly -21.0 percent compared to 750,342 in the prior month.

In terms of metals options, the holding company for CBOT, NYMEX, and COMEX exchanges averaged 45,349 contracts per day last month, good for a jump of 22.0 percent when compared to October last year’s figure of 36,371. Relative to the previous month, CME saw an improved ADV of 18.9 percent MoM from 38,118 contracts in September 2016.

Earlier this week, Finance Magnates reported on the CME Group when the company reported its October 2016 volumes, which were largely better when weighed against its 2015 equivalent. 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.

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