CME Group Reports Mixed October Volumes, FX Contracts Plunge

CME Group's foreign exchange (FX) volume came in notably lower during October 2015, having averaged just 735,000 contracts per day.

CME Group Inc. (NASDAQ: CME) has reported its trading metrics for the month ending October 2015, which continued to illustrate a prevalent weakness across its figures after a recently its released Q3 2015 financial results.

In particular, CME’s foreign exchange (FX) volume came in particularly lower, having averaged only 735,000 contracts per day in October 2015, which corresponds to a loss of -25.0% YoY from October 2014 – by extension, this also represents a -22.4% MoM retreat from 947,000 contracts per day in September 2015. Furthermore, CME’s average daily notional value of FX contracts during October 2015 came in at just $75 billion, constituting a decline of -21.0% MoM from $95 billion in September 2015.

Volumes Down Across the Board

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CME group’s total volume took a dive in October 2015, which yielded just 12.8 million contracts per day – this correlates to a -27.0% lower figure YoY from October 2014. More specifically, the total volume observed during October 2015 came in at 282 million contracts – approximately 86% of these contracts were traded electronically. Finally, CME’s ADV year to date (YTD) in the 2015 fiscal year now stands at 14.1 million contracts, which despite the lackluster monthly metrics is 3.0% higher YoY against the its 2014 equivalent.

Futures and Equities Volume Mixed

Traditionally one of its stronger performers, CME Group saw its  Eurodollar futures volume average just 2.0 million contracts per day in October 2015, or -13.0% MoM from 2.3 million contracts per day in September 2015 and -46.0% YoY vs. its October 2014 volumes. The performance was notably better across its Eurodollar options volume however, having averaged 1.1 million contracts per day in October 2015, which represents a 13.9% growth MoM from 966,000 contracts per day in September 2015.

Lastly, CME Group reported its equity index volume at an average of 2.7 million contracts per day during October 2015, down a staunch -27.0% MoM from 3.7 million contracts per day in September 2015. The losses were exacerbated over a yearly timetable, ceding a -33.0% loss from October 2014.

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