CME March Forex volumes up 28% MoM and 7% YoY to 978K


Forex volume on CME Group it was announced earlier averaged 978,000 contracts per day in March 2017, up 7% from March 2016 and up 28% from February 2017.

Last month Brazilian real currency contracts helped drive volume, as the Latin American country’s currency has come back after being battered over the past few years.

Highlights for March 2017 include:

  • Increased Japanese Yen futures and options ADV 21 percent to 181,000 contracts
  • Grew British Pound futures and options ADV 8 percent to 137,000 contracts

Full exchange results can be found below:

  • Total average daily volume (ADV) on the exchange reached 16.9 million contracts, up 18 percent from a March 2016.
  • CME Group March 2017 options volume averaged 4 million contracts per day, up 47 percent versus March 2016, with electronic options averaging 2.3 million contracts per day, up 52 percent over the same period last year.
  • Open interest at the end of March was 114 million contracts, up 8 percent from the end of March 2016.

Interest Rate volume averaged 8.7 million contracts per day in March 2017, up 36 percent from March 2016.  Highlights include:

  • Reached record quarterly Interest Rates ADV of 9.2 million contracts, up 11 percent, including record Interest Rate options ADV of 2.4 million contracts, up 12 percent
  • Grew first-quarter Fed Fund futures ADV 107 percent to a record 252,000 contracts
  • Increased March 2017 Treasury options ADV 53 percent to 755,000 contracts, including 88 percent growth in weekly Treasury options
  • Achieved March 2017 Eurodollar options ADV of 1.7 million contracts, up 73 percent, with a record 29 percent traded electronically
  • Reached record level of Large Open Interest Holders (LOIH) of 1,834 in Interest Rate futures as of March 21, 2017, up 11 percent from the 2016 annual average of 1,649, according to the CFTC weekly Commitment of Traders report

Energy volume averaged 2.5 million contracts per day in March 2017, up 7 percent from March 2016.  Highlights include:

  • Grew WTI Crude Oil futures ADV 10 percent to 1.2 million contracts and WTI Crude Oil options ADV 27 percent to 242,000 contracts
  • Reached a number of WTI Crude Oil futures open interest records during first quarter, including the current daily open interest record of 2.2 million contracts on March 14, 2017
  • Increased Natural Gas futures and options ADV 9 percent to 548,000 contracts, with 16 percent growth in electronic Natural Gas futures and options ADV
  • Grew Refined Products futures and options ADV 10 percent to 364,000 contracts
  • Achieved first-quarter 2017 Gasoline futures and options ADV of 208,000 contracts, up 13 percent

Metals volume averaged 491,000 contracts per day in March 2017, up 5 percent from March 2016.  Highlights include:

  • Reached record first-quarter Metals ADV of 512,000 contracts, up 13 percent
  • Achieved 24 percent year-over-year growth for base metals in the first quarter, led by Copper futures, which averaged nearly 95,000 contracts per day, up 23 percent, during the same period
  • Achieved 14 Copper futures open interest records during the first quarter, including surpassing 300,000 contracts on February 13, 2017
  • Increased March 2017 Platinum futures and options ADV and Silver futures and options ADV 19 percent and 17 percent, respectively

Equity Index volume averaged 3.2 million contracts per day in March 2017, up 2 percent from March 2016.  Highlights include:

  • Reached record first-quarter Equity Index options ADV of 721,000 contracts, up 13 percent
  • Grew March 2017 E-mini S&P 500 options 47 percent to 697,000 contracts, including 167 percent growth in E-mini S&P 500 weekly options and 154 percent growth in E-mini S&P 500 end-of-month (EOM) options
  • Achieved second highest monthly volume of CME Group Select Sector futures, with nearly 225,000 contracts traded in March

Agricultural volume averaged 1.1 million contracts per day in March 2017, down 1 percent from March 2016.  Highlights include:

  • Achieved 20 percent and 13 percent ADV growth in Soybean Meal and Corn options, respectively
  • Grew Hard Red Winter Wheat futures and options ADV 27 percent and Soybean Oil futures and options 19 percent

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CME March Forex volumes up 28% MoM and 7% YoY to 978K

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