CME Group Sees Significant Uptick in September 2017 FX Options

FX options averaged 101,102 contracts per day, a rise of 72 percent year-on-year.

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has just released its Options Monthly Review for the month ending September 30, 2017, which show steady growth across most of the group’s product lines, according to a CME statement.

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On an aggregated basis, CME’s ADV total option shot higher by 25 percent year-over-year, coming in at 3,596,722 per day.

During September 2017, total FX options averaged 101,102 contracts per day, which represented a rise of 72 percent year-on-year from 58,622 contracts per day in September 2016. Across a monthly interval, the latest figures reported a 18 percent advance from 85,653 contracts per day in August 2017.

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Also on the positive side, the EUR/USD options were again higher after increasing 96 percent year-on-year with over 44,219 contracts traded daily, while JPY/USD and GBP/USD options climbed 48 percent and 100 percent respectively compared to last year.

During the reported period, CME Group’s average daily equity index options volumes pointed lower, coming in at 645,270 contracts for the month, down by 14 percent from 750,342 in the same period last year. In addition, the figure reflects a similar downbeat performance on the monthly basis, shedding nearly 11.0 percent compared to 725,176 in the prior month.

In terms of metals options, the holding company for CBOT, NYMEX, and COMEX exchanges averaged 60,240 contracts per day last month, which is higher by 64 percent when compared to last year’s figures. Relative to August, CME saw an improved ADV of 12.0 percent MoM from 53,412 contracts in the month prior.

Last week, Finance Magnates reported on the CME Group as the world’s largest derivatives marketplace has opened a new Sydney office. The office’s launch comes amidst a healthy uptick in APAC volumes for the derivatives marketplace over the past few quarters, with the region representing a strategic foothold and area of emphasis for the group.

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