CME Trading Volumes Decline 35% in July

The world’s largest derivatives exchange, Chicago Mercantile Exchange, announced a 35% decline in trading volumes for July 2013, although volumes

Chicago based futures exchange, the Chicago Mercantile Exchange (CME) has reported trading metrics for the month of July. The figures show strong declines against June volume however the exchange saw a 4% increase in volumes from a year earlier.

The exchange reported average volume of 10.9 million contracts per day, down 35% from a month earlier where the exchange traded 16.9 million contracts a day.

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In the FX markets the exchange witnessed a similar downfall in volumes, trading volume averaged 807 million contracts per day, up 1% from July 2012, and represented $96 billion of notional value per day. In June 2013, the exchange traded an average of $146 billion a day.  Month over month volumes were affected by a sharp decline in yen volumes, with futures trading falling 47.1% (see below).

Despite the dip in trading volumes, the CME has reason to be optimistic; the derivatives marketplace announced positive earnings for the quarter. The group saw a 27% rise in quarterly profit where net income rose to $311.2 million, or 93 cents a share, in the second quarter, from $244.9 million, or 74 cents a share from a year earlier.

July CME FX Futures Volumes
July CME FX Futures Volumes
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