While historically figures remain low, the trend reversal from lows observed in October is on track
Major derivatives market place CME Group has reported on the outcome of holiday trading during the month of December. We are observing another mild month on month rise that is negating the multiyear lows observed in October and continues the trend from last month, albeit at a slower pace. The number was reported at 760,000 contracts per day which was lower by 8% when compared to last year.
On a positive note, the worrying numbers from October 2013 which were reported at way below 700,000 are now part of history and the recovery trend which started last month has been cemented with this figure. The company has additionally reported that the average daily notional value of contracts during the month of December was $92 billion.