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.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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.
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.
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.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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.
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.