CME Group FX volumes drop 29% MoM in July as post Brexit volatility wanes


International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that July 2016 average daily volume (ADV) reached 14.1 million contracts per day, up 10% from July 2015. CME Group July 2016 options volume averaged 3.2 million contracts per day, up 9% versus July 2015, with electronic options averaging 1.7 million contracts per day, up 6% over the same period last year.

Foreign exchange volumes have dropped 29% MoM in July to 724,000 ADV.

Total open interest peaked above 110 million contracts on July 14, and was 103 million contracts at the end of July, up 13% from year-end 2015.

Metals volume averaged 503,000 contracts per day in July 2016, up 32 percent from July 2015:

  • Achieved record Metals futures ADV of 465,000 contracts, up 38%
  • Grew Gold futures ADV 41% to 296,000 contracts and Silver futures ADV 62% to 74,000 contracts
  • Achieved three consecutive open interest records in gold futures, surpassing 655,000 contracts
  • Increased Copper futures and options ADV 18% to 76,000 contracts
  • Continued momentum in total Aluminum product suite with open interest surpassing 42,000 contracts

Energy volume averaged 2.2 million contracts per day in July 2016, up 20 percent from July 2015:

  • Achieved 24% growth in ADV across Crude Oil products, driven primarily by WTI futures ADV of 956,000 contracts, up 39%
  • Grew Natural Gas options ADV 22%
  • Achieved second consecutive monthly ADV record in Natural Gas Liquids and Petrochemicals

See the full report in the tables below:

MONTHLY AVERAGE DAILY VOLUME (ADV)

Total Exchange ADV

( in thousands)

Jul 2016

Jul 2015

Trading Days

20

22

PRODUCT LINE

Jul 2016

Jul 2015

Percent Change

Interest Rates

6,789

5,930

14%

Equity Indexes

2,569

2,542

1%

Foreign Exchange (FX)

724

733

-1%

Energy

2,207

1,835

20%

Agricultural Commodities

1,342

1,414

-5%

Metals

503

381

32%

   Total

14,133

12,835

10%

VENUE

Jul 2016

  Jul 2015

Percent Change

Open outcry

1,234

1,164

6%

CME Globex

12,163

11,117

9%

Privately negotiated

737

554

33%

ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands) 

3-Month Period Ending

PRODUCT LINE

Jul-16

Jun-16

May-16

Apr-16

Interest Rates

7,197

6,776

6,454

7,131

Equity Indexes

2,920

2,957

2,812

3,095

Foreign Exchange (FX)

824

838

802

878

Energy

2,238

2,322

2,331

2,493

Agricultural Commodities

1,529

1,722

1,486

1,473

Metals

488

468

462

464

   Total

15,196

15,082

14,348

15,535

VENUE

Jul-16

Jun-16

May-16

Apr-16

Open outcry

1,173

1,075

995

1,100

Electronic

13,318

13,355

12,716

13,718

Privately negotiated

705

651

636

717

 

Average Rate Per Contract (In dollars)

3-Month Period Ending

PRODUCT LINE

Jun-16

May-16

Apr-16

Mar-16

Interest Rates

0.496

0.500

0.498

0.501

Equity Indexes

0.709

0.710

0.716

0.726

Foreign Exchange (FX)

0.798

0.808

0.785

0.767

Energy

1.168

1.184

1.183

1.203

Agricultural Commodities

1.291

1.287

1.307

1.321

Metals

1.562

1.584

1.582

1.597

   Total

0.782

0.786

0.777

0.756

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CME Group FX volumes drop 29% MoM in July as post Brexit volatility wanes

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