CME Group's August FX report revealed several upcoming new products this fall.
Derivatives marketplace giant CME Group (NASDAQ: CME) has released a detailed monthly composite of its product segments. In August 2017 the group saw a strong growth across a number of different areas, including several records in its futures and open interest volumes.
August 2017 was unusually active for a summer month, with a higher number of trading days (23) and an uptick in trading Volatility playing key roles. A combination of escalating rhetoric and geopolitical events on the Korean peninsula also kept markets on edge and active, seemingly dispelling the notion of a summer lull.
In particular, CME Group set a record for open interest in FX futures and options on August 3, 2017 – this corresponded to 2,717,398 contracts. CME Group’s FX futures ADV for the month of August was reported at 731,489 contracts ($75.6 billion notional), a jump of 26.6 percent on a yearly basis from August 2016.
Futures open interest also came in at 1,802,982 contracts during the month, which corresponded to a growth of 30.0 percent year-over-year from August 2016. The latest tranche of FX options ADV also yielded 85,653 contracts ($10.6 billion notional) in August 2017, which justified an increase of 69.6 percent year-over-year from August 2016. This was amongst the group’s strongest segments of the month.
New records in August
A closer examination of CME Group’s open interest also revealed multiple records being set across specific options. This included an all-time record of open interest CADUSD options on August 3, 2017 of 126,102 contracts. Moreover, FX weekly options ADV scored a record during the month of August, having now established fresh highs in six consecutive months.
CME FX Weekly options traded at a record high of 30,659 contracts per day in August 2017, led by euro and Japanese yen FX options.
CME rolling out new product lineup
Looking ahead, CME Group is also rolling out multiple new product segments, including implied pricing across its FX monthlies. Starting on September 25, CME will be implementing implied pricing, which will look to enhance Liquidity across all expiries, including both outrights and spreads.
The implied pricing will apply to EUR/USD, JPY/USD, CAD/USD, GBP/USD, AUD/USD, and EUR/GBP pairs. Furthermore, a previous launch of CME’s Self-Match Prevention (SMP) enhancements on September 24 is being pushed back to October 2.
The group’s SMP represents an optional function that enables market participants to prevent the matching of orders for accounts with common ownership if both the buy and sell orders contain the same SMP ID and Globex Firm ID.
Ahead of this date, CME Group will be offering a mock trading session on September 30, for customers to test their Self-Match Prevention configuration within the CME Globex production interface.
Derivatives marketplace giant CME Group (NASDAQ: CME) has released a detailed monthly composite of its product segments. In August 2017 the group saw a strong growth across a number of different areas, including several records in its futures and open interest volumes.
August 2017 was unusually active for a summer month, with a higher number of trading days (23) and an uptick in trading Volatility playing key roles. A combination of escalating rhetoric and geopolitical events on the Korean peninsula also kept markets on edge and active, seemingly dispelling the notion of a summer lull.
In particular, CME Group set a record for open interest in FX futures and options on August 3, 2017 – this corresponded to 2,717,398 contracts. CME Group’s FX futures ADV for the month of August was reported at 731,489 contracts ($75.6 billion notional), a jump of 26.6 percent on a yearly basis from August 2016.
Futures open interest also came in at 1,802,982 contracts during the month, which corresponded to a growth of 30.0 percent year-over-year from August 2016. The latest tranche of FX options ADV also yielded 85,653 contracts ($10.6 billion notional) in August 2017, which justified an increase of 69.6 percent year-over-year from August 2016. This was amongst the group’s strongest segments of the month.
New records in August
A closer examination of CME Group’s open interest also revealed multiple records being set across specific options. This included an all-time record of open interest CADUSD options on August 3, 2017 of 126,102 contracts. Moreover, FX weekly options ADV scored a record during the month of August, having now established fresh highs in six consecutive months.
CME FX Weekly options traded at a record high of 30,659 contracts per day in August 2017, led by euro and Japanese yen FX options.
CME rolling out new product lineup
Looking ahead, CME Group is also rolling out multiple new product segments, including implied pricing across its FX monthlies. Starting on September 25, CME will be implementing implied pricing, which will look to enhance Liquidity across all expiries, including both outrights and spreads.
The implied pricing will apply to EUR/USD, JPY/USD, CAD/USD, GBP/USD, AUD/USD, and EUR/GBP pairs. Furthermore, a previous launch of CME’s Self-Match Prevention (SMP) enhancements on September 24 is being pushed back to October 2.
The group’s SMP represents an optional function that enables market participants to prevent the matching of orders for accounts with common ownership if both the buy and sell orders contain the same SMP ID and Globex Firm ID.
Ahead of this date, CME Group will be offering a mock trading session on September 30, for customers to test their Self-Match Prevention configuration within the CME Globex production interface.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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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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.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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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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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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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?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
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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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.
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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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.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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