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Screenshot of a breaking news alert e-mail from Q2 2017
Well at least CME Group (NASDAQ:CME) has broken the streak we’ve seen of lower reported FX trading volume metrics in May (Click365, Moscow Exchange, EXNESS…). But we don’t think that anyone at CME is celebrating.
CME Group has reported that FX futures volumes averaged 589,000 contracts per day in May – up 5% from April’s 559,000, but still 43% (!!) below last year, and the second slowest month for FX trading ever at the CME. Low volatility is taking its toll on both sides of the Atlantic.
CME Group’s May volume announcement can be accessed here.