CME Group reports strong Asia growth in Q3 led by equities and FX

cme building

Derivatives marketplace CME Group (NASDAQ:CME) has announced that it achieved Asia Pacific quarterly average daily volume (ADV) of 726,000 contracts in the third quarter of the year, up 4% from the corresponding period last year. This was driven largely by a strong performance in Equity and FX products, up 41 percent and 36 percent respectively.

Christopher Fix

Christopher Fix

In the past few months, heightened geopolitical uncertainty has further highlighted the need for risk management on a robust, liquid and regulated marketplace,” said Christopher Fix, Managing Director and Head of Asia Pacific, CME Group. “We continue to see trading volume growth out of Asia Pacific, as our client education efforts gain further traction in the region.

Latin America quarterly ADV was 82,000 contracts in the third quarter of the year, up 21 percent from the third quarter in 2017. This was driven by 92 percent growth in Interest Rate products and 27 percent growth in Energy products.

Europe, Middle East and Africa quarterly ADV hit 2.9 million contracts in the third quarter of 2018, down 7 percent from third quarter 2017. The Metals and Agricultural Commodities products saw an increase of 14 percent and 3 percent respectively, compared to the same period last year.

In all, CME Group’s international (defined as outside of North America) ADV reached 3.7 million contracts during the third quarter of 2018, down 5 percent over the same period last year.

Globally, CME Group’s September 2018 ADV reached 17.5 million contracts, up 3 percent from September 2017. Open interest at the end of September was 120 million contracts, up 6 percent from September 2017 and up 11 percent from year-end 2017. CME Group averaged 15.6 million contracts per day in the third quarter of 2018, down 1 percent from third quarter of 2017.


Read Also: