CME Reports Uptick in MoM Trading Volumes for August

The Chicago Mercantile Exchange Group (CME) released its trading volume figures for August of 2018 this Wednesday. According to the 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 operator’s report, trading volumes increased significantly on July and remained approximately the same from a year-on-year perspective.

Wednesday’s report indicates that total average daily trading volume for August of 2018 was 15.9 million contracts. That was a 17 percent increase on July’s 13.5 million contracts.

From a year-on-year perspective things remained constant. August of 2017 saw CME report an average daily trading volume of 16 million contracts - 0.6 percent more than this year.

CME interest rate volumes rise

CME traders were particularly active in the interest rate market this August. The firm reported average daily trading of 8.6 million contracts in interest rate-based products. That was an 11 percent increase from the 7.8 million contracts per day in August 2017 and an approximately 39 percent increase from July’s 6.2 million.

In the foreign exchange (FX) markets, things were also positive. Last August, CME traders averaged 817,000 contracts per day. This year that figure grew by 8 percent to 883,00 contracts per day. That was also a 5 percent increase on July when CME reported an average of 840,000 contracts per day in its FX division.

Options trading remained at approximately the same level for the same period last year, with an average of 3.2 million contracts per day this August. That was a 14.2 percent increase on July when the firm reported average daily trading in options of 2.8 million contracts per day.

Equity index markets were perhaps CME’s poorest performing division in August. The group reported average trading volumes of 2.37 million contracts per day in August for equity indexes. That was an 11 percent decrease from the 2.69 million contracts per day in August of last year but approximately the same as July of 2018.