LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
The upward direction for trading volumes in exchange-based FX contracts continues as CME Group Inc (NASDAQ:CME) results for June this year confirm.
FX volume averaged 987,000 contracts per day, a 12.1% increase over the 880,000 FX contracts traded in May this year.
On a year on year basis, June 2015’s results are up 29% from June 2014.
The average daily notional value of FX contracts traded in June was $104 billion, which is an 11.3% increase over the $93 billion notional traded in May this year, and considerably higher than the $86 billion recorded in April 2015.
Congruently, CME Group equity index volume in June 2015 averaged 2.9 million contracts per day, up 16 percent from the same period a year ago.
Total June 2015 volume at CME Group across all asset classes averaged 14.6 million contracts per day, up 15 percent from June 2014. Total volume for June 2015 was more than 320 million contracts, of which 88 percent was traded electronically. Options volume in June averaged 2.9 million contracts per day, up 28 percent versus June 2014, with electronic options growing 48 percent over the same period.
CME Group interest rate volume averaged 6.9 million contracts per day in June 2015, up 8 percent compared with June 2014. Treasury average daily volume rose 17 percent, with Treasury futures volume of 2.7 million contracts per day, up 12 percent from the same period a year ago.
Treasury options volume grew 37 percent to more than 748,000 contracts per day and included record Weekly Treasury options average daily volume. Eurodollar futures volume averaged 2.5 million contracts per day, down 5 percent compared with June 2014.
Eurodollar options volume averaged 908,000 contracts per day, up 13 percent, driven by 84 percent growth in Eurodollar options traded on Globex. In June, 19 percent of the Eurodollar options volume traded electronically, the highest monthly percentage since early 2008, and up from 12 percent electronic a year ago.
For the official announcement from CME Group, click here.