CME Group FX Futures reach a new single-day volume record

CME Group record

Derivatives marketplace CME Group (NASDAQ:CME) has announced its foreign exchange (FX) futures reached a new single-day volume record of 2.7 million contracts on December 11, 2019. Previous record of 2.5 million contracts was set on June 14, 2017.

Open interest (OI) for CME Group FX futures also reached a record 2.3 million contracts on December 11, 2019, up from the previous OI record of 2.2 million contracts set on the previous day (December 10, 2019).

Paul Houston, CME Group Global Head of FX, commented on the news:

Customers are increasingly accessing the deep liquidity, as well as capital and cost efficiencies, offered by our listed FX products to manage their FX exposure. Record open interest, combined with our recent reductions in minimum price increments for calendar spreads in euro, yen and pound pairs, has continued to strengthen liquidity and reduce the cost to trade during this year-end roll period.

Individually, Mexican Peso (230,897 contracts) and Norwegian Krona (2,340 contracts) also reached single-day trading volume records on December 10, 2019.

Large open interest holders (LOIHs) in FX futures reached a record high of 1,261, up 18% YoY to date in 2019. LOIHs are a measure of market diversification.

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