CME Group Sees Momentum Snapped With Uneven April Volumes

After a record setting March, CME's volumes took a step back in April, with mixed volumes across its business.

CME Group (NASDAQ: CME), one of the world’s largest derivatives marketplace, has reported its March 2016 volumes, which retreated from last month’s record setting performance, according to a CME statement.

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In particular, CME Group averaged 13.8 million contracts per day during April 2016, which correlated to a decrease of -18.3% MoM from 16.9 million contracts per day in March 2016. Over a yearly interval, the latest figures also registered a 21.5% jump YoY from just 13.8 million contracts per day in April 2015.

Moreover, CME Group’s foreign exchange (FX) volumes were also pointed lower in April 2016, having fallen to 771,000 contracts for the month, justifying a drop of -15.5% MoM from 912,000 contracts in March 2016. This weakness was slightly mitigated when compared to its 2015 counterpart, rescinding only -8.0% from 838,000 contracts in April 2015.

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For the month ending April 2016, CME Group also saw its interest rate volume average 5.5 million contracts per day, which constituted a rise of 8.0% YoY vs. 5.1 million contracts per day in March 2016.

In terms of equity indexes, April 2016’s volume averaged 2.7 million contracts per day, which was also higher by a factor of 29.0% YoY from just 2.1 million contracts per day in March 2016.

Finally, CME’s agricultural commodities business continued to soar in April 2016, which for the month yielded an ascension of 52.0% YoY to 1.9 million contracts per day, vs. 1.3 million contracts per day in April 2015.

CME Group made headlines earlier this week after it announced its collaboration with digital assets trading platform, Crypto Facilities Ltd, in a bid to develop two new products which are being planned for a Q4 2016 launch.

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