CME Group Sees Record Volumes on US Election Volatility

CME Group saw all-time highs across multiple assets, including a record high in single-day volume of 44,516,949 contracts

CME Group, one of the industry’s largest derivatives marketplace, scored an all time record high volume on November 9th, the day after one of the most divisive US elections in the history of the country. The explosion of volatility and overnight pandemonium helped kindle the wildest trading period yet seen, per a CME statement.

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In particular, CME Group recorded a record high in single-day volume of 44,516,949 contracts traded across all asset classes on November 9th, 2016 – this broker a previous high of 39,567,064 contracts set back on October 15, 2014, a full 12.5% higher. Virtually every market worldwide was whiplashed as a result of an upset victory by Donald Trump, which ultimately fueled a massive rally on November 9th – Trump has also been an outspoken critic of Dodd-Frank and other regulatory buffers.

For its part, CME Group also broke records in daily trading volume several other elements of its segments, with each of the following constituting new all time highs.

  • Electronic trading on CME Globex came in at 39,977,534 contracts
  • Total interest rate complex climbed to 26,646,985 contracts
  • Eurodollar futures reached 11,562,175 contracts
  • WTI crude oil futures exploded to 1,861,909 contracts
  • Total metals complex reached 1,511,187 contracts
  • 10-Year Treasury options rose to 1,068,963 contracts
  • S&P 500 Weekly options were reported at 984,450 contracts
  • Gold futures reached 897,219 contracts
  • E-mini Dow futures traded 653,408 contracts
  • Fed Fund futures scored 612,960 contracts
  • Japanese Yen futures came in at 583,063 contracts
  • Ultra 10 Year Note futures reached 300,843 contracts
  • 30-Year Treasury Bond options were recorded at 278,046 contracts
  • Mexican Peso futures climbed to 224,028 contracts
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