CME Group’s January Volumes Secure MoM Rise, FX Pointed Higher

CME's volumes were pointed higher to start off 2017, but largely failed to overtake 2016 results.

CME Group (NASDAQ: CME), one of the world’s largest derivatives marketplaces, has disclosed its January 2017 volumes, which showed a healthy month-over-month gain across key business segments. However, this was offset by its January 2016 results, with FX, equities, and futures all performing worse over this timeframe.

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In terms of its overall volume for January 2017, CME Group reported an average of 16.0 million contracts per day, which reflected a rise of 6.7 percent month-over-month from 15.0 million contracts per day in December 2016. The rise in volumes can be attributed to a return of volatility to markets, as December lacked any market drivers, dealing with seasonal slowdowns in trading activity.

Despite securing an increase in its month-over-month volumes, CME’s latest figures do constitute a decline across a yearly timetable. The volumes revealed a -12.1 percent year-over-year drop from 18.2 million contracts per day in January 2016.

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Moreover, CME Group’s average daily foreign exchange (FX) volumes were also slightly higher in January 2017, yielding 920,000 contracts per day as compared to just 892,000 contracts per day in December 2016, or 3.1 percent month-over-month.

FX Showing Mixed Results

January marked the beginning of the Trump administration in the United States, which has already resulted in some dynamic swings in FX, as markets try to grapple with Trump’s controversial policies. Looking at 2016 however, the latest FX figures at CME Group were pointed lower, falling by -5.1 percent year-over-year from 970,000 contracts per day in January 2016.

For the month ending January 2017, CME Group also saw its interest rate volume average come in at 8.4 million contracts per day, which indicated a climb of 15.1 percent month-over-month vs. 7.3 million contracts per day in January 2016.

Finally, CME’s equity indexes during January 2017 collapsed to 2.5 million contracts per day, down -10.1 percent month-over month from 2.8 million contracts per day in December 2016, as well as -40.1 percent year-over year from 4.1 million contracts per day in January 2016.

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