CME’s March FX Report Sees Volumes Trending Slightly Upwards

Year-on-year, the last month's figures were up 15 percent compared to March‎ ‎‎2017.‎

CME Group (NASDAQ: CME) on Tuesday released its March 2018 aggregated volumes, sharing its trading statistics across key business segments. The latest figures saw a step back off all-time highs set last month, which was subject to a wide range of factors that influenced the busiest February in several years.

In terms of its overall volume for March 2018, CME Group reported an average of 20.3 million contracts per day, which was lower by 25 percent month-over-month from 27.3 million contracts per day in February 2018. This latest reading failed to continue a consecutive monthly advance at the exchange, which reached the highest monthly ADV ever in February.

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Looking at a yearly timetable as a means of comparison, March 2018 proved to more active at CME Group across the board, which corresponded to a year-over-year growth of 23 percent compared to March‎ 2017.

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This growth was fueled by a strong performance in Equity Indexes (38.0 percent year-over-year growth), and Metals volumes, which averaged 683,000 contracts per day, up 39 percent from March 2017.

CME Group’s average daily foreign exchange volumes were slightly higher in March 2018, coming in at 1.12 million contracts per day vs. 1.087 million in February 2018, or up 3 percent month-over-month. Year-on-year, March 2018 figures were up 15 percent compared to March‎ 2017.

The exchanges operator has made headlines last month after it reached an agreement with NEX Group to acquire the London-based Fintech firm in a transaction valued at £‎3.80 billion ($5.35 billion).

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