FX futures volumes at CME Group up 15% from April, but that’s mainly becuase April was slow.
CME Group, which runs the world’s largest derivatives marketplace, announced that May FX futures volumes increased by 15% from April (and by 9% from last year May) to 1,031,000 contracts. The CME attributed the increased volume mainly to strength in Japanese Yen related trading — not surprising since we already reported record May FX volumes in Japan were reported by leading Japan FX broker GMO Click.
May’s increases come after CME reported a surprisingly slow April — down 16% — at a time when Forex ECNs and leading retail FX brokers were reporting nice volumes. So basically, CME is just getting back on track in May.
For the press release from the CME Group on May volumes click here.