CME Group Sees Exploding FX Volumes in June, Equities Also Pointed Higher

CME saw an strong performance of its FX and equities volumes, kindled by Brexit-induced volatility in June.

CME Group (NASDAQ: CME), one of the world’s paramount derivatives marketplace, has disclosed its June 2016 volumes, having notched a rebound in its contracts and extending a recent bout of momentum across its overall business, according to a CME statement.

During June 2016, CME Group averaged 16.4 million contracts per day, which represented an increase of 10.1% MoM from 14.9 million contracts per day in May 2016. Across a yearly interval, the latest figures also reported a 12.3% surge YoY from 14.6 million contracts per day in June 2015.

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In addition, CME Group’s average daily foreign exchange (FX) volumes were also pointed higher in June 2016, coming in at 1.02 million contracts for the month after a lackluster May. Relative to the previous month, CME saw an ADV growth of 42.2% MoM from 716,000 contracts in May 2016. This rise was somewhat mitigated over a yearly interval, rising by a factor of 3.2% YoY from 987,000 contracts per day in June 2015.

For the month ending June 2016, CME Group also saw its interest rate volume average 7.3 million contracts per day, which represented a decline of 1.8% MoM vs. 7.5 million contracts per day in May 2016. The result is somewhat surprising given the recent flux of interest rates and the market convulsions wrought by other globally induced events such as Brexit.

By extension, CME’s equity indexes during June 2016 exploded to 3.5 million contracts per day, surging 44.0% MoM from just 2.6 million contracts per day in May 2016. Finally, CME’s agricultural commodities business continued to perform strongly in H2 2016 and notably in June, which for the month yielded a rise of 28.6% MoM to 1.8 million contracts per day, vs. 1.4 million contracts per day in May 2016.

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