In the first quarter of 2019, the average daily volume was 18.6 million contracts.
Despite low levels of Volatility, CME Group Inc. has managed to achieve its third-highest quarterly volume in its history in the first quarter of 2019, the company announced this Wednesday.
During the first quarter of this year, the average daily volume (ADV) was 18.6 million contracts. Although this is the third-highest result the Chicago-headquartered company has ever achieved, it is down from the record first quarter the firm had in 2018.
Q1 of 2018 and the final quarter of 2018, were the two highest quarters in terms of ADV. So even though the most recent period was a historically solid performance, it is weaker on a year-on-year and quarter-on-quarter basis. In fact, the Group managed to report solid results across the whole of last year.
Nonetheless, the ADV for foreign exchange (Forex) instruments was lackluster even when compared with weaker quarters outside of Q1 and Q4 of 2018. Specifically, 885 thousand contracts were traded during the first quarter.
This is lower than the previous quarter by 6.4 percent, and it’s also down on a year-on-year comparison by 19.5 percent. It’s also weaker than the second and third quarters of last year.
The average rate per contract (RPC), however, looks a bit better for the FX sector. In the first quarter of 2019, the average RPC was $0.763. This is higher on both a quarterly and annual comparison by 5.97 percent and 0.13 percent respectively.
CME Group Achieves Quarterly Revenue of $1.2 Billion
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "Despite low levels of volatility in several product areas, we delivered our third-highest quarterly volume in our history during the first quarter, driven by continued product innovation and a growing proportion of our volume from customers outside the U.S.
"In addition, we continue to focus on the NEX integration and have been heavily engaged with clients about our expanded offerings. Lastly, our expense control remained solid during the first quarter of 2019."
During the first quarter of this year, CME Group reported revenue of $1.2 billion. When measured against the previous quarter, this is higher by 6.3 percent. Operating income, however, fell by 14.8 percent to hit $631 million.
Despite low levels of Volatility, CME Group Inc. has managed to achieve its third-highest quarterly volume in its history in the first quarter of 2019, the company announced this Wednesday.
During the first quarter of this year, the average daily volume (ADV) was 18.6 million contracts. Although this is the third-highest result the Chicago-headquartered company has ever achieved, it is down from the record first quarter the firm had in 2018.
Q1 of 2018 and the final quarter of 2018, were the two highest quarters in terms of ADV. So even though the most recent period was a historically solid performance, it is weaker on a year-on-year and quarter-on-quarter basis. In fact, the Group managed to report solid results across the whole of last year.
Nonetheless, the ADV for foreign exchange (Forex) instruments was lackluster even when compared with weaker quarters outside of Q1 and Q4 of 2018. Specifically, 885 thousand contracts were traded during the first quarter.
This is lower than the previous quarter by 6.4 percent, and it’s also down on a year-on-year comparison by 19.5 percent. It’s also weaker than the second and third quarters of last year.
The average rate per contract (RPC), however, looks a bit better for the FX sector. In the first quarter of 2019, the average RPC was $0.763. This is higher on both a quarterly and annual comparison by 5.97 percent and 0.13 percent respectively.
CME Group Achieves Quarterly Revenue of $1.2 Billion
Commenting on the results, CME Group Chairman and Chief Executive Officer Terry Duffy said: "Despite low levels of volatility in several product areas, we delivered our third-highest quarterly volume in our history during the first quarter, driven by continued product innovation and a growing proportion of our volume from customers outside the U.S.
"In addition, we continue to focus on the NEX integration and have been heavily engaged with clients about our expanded offerings. Lastly, our expense control remained solid during the first quarter of 2019."
During the first quarter of this year, CME Group reported revenue of $1.2 billion. When measured against the previous quarter, this is higher by 6.3 percent. Operating income, however, fell by 14.8 percent to hit $631 million.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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