CME Group Sees Diminishing FX Volumes in 2016, Overall Metrics Solid YoY

Forex volume in 2016 dropped -2.0 percent YoY after averaging 858,000 contracts per day, against 858,000 in 2015.

Chicago-based CME Group (NASDAQ: CME), one of the world’s paramount exchange operators, has published its 2016 volumes, which were largely better when weighed against its 2015 equivalent, but showed a mixed performance across the group’s FX business, according to a CME statement.

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CME has notched growth across most of its six product lines in 2016. The standout performance showed the highest ever average daily volume of 15.6 million contracts during 2016, which correlates to a gain of 12 percent YoY from 13.963 million contracts in November 2015. Across a quarterly timeframe, the Q4 2016’s figure at 16.325 million showed a more upbeat picture, mounting an increase of 24 percent from 13.178 million contracts in 2015.

CME Group saw its interest rate volume average 7.517 million contracts per day, which represents a jump of 12 percent YoY compared with just 6.735 million contracts in 2015.

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In a different vein, foreign exchange volume in 2016 dropped -2.0 percent YoY after averaging 858,000 contracts per day, against 872,000 contracts in the period of last year. However, CME has notched growth across its forex business in the fourth quarter which were up 13 percent QoQ from the same period a year ago.

On the energy front, CME Group reported its energy volumes at an average of 2.432 million contracts per day during 2016, up a staunch 23 percent YoY from 1.970 million contracts per day in the year earlier.

In terms of Equity Indexes business, the volumes orchestrated a jump of 5 percent YoY after revealing 3.061 million contracts per day from only 2.743 million in November 2015.

Finally, CME Group’s Metals volume was more upbeat in its overall performance, managing to average 460,000 contracts per day in 2016, which was good for a YoY advance of 34.0 percent vs. 345,000 contracts in 2015.

Back in November, CME Group Inc. (NASDAQ: CME) reported a record high in single-day volume with more than 44.5 million contracts traded across all asset classes on November 9, 2016, the day after US elections. The explosion of volatility and overnight pandemonium helped break the previous record of 39,567,064 contracts set on October 15, 2014.

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