CME Group’s monthly FX volumes on road to recovery with 13.73% increase in August over July


Global multi-asset electronic trading venue CME Group has today announced that August 2014 volume averaged 13.0 million contracts per day, up 7% from August 2013.

CME Group’s FX volume for August this year averaged 669,000 contracts per day, down 10% from August 2013 but more importantly given the current market conditions, August’s figures represent a 13.73% increase from the 583,000 contracts per day that the firm reported for July this year. It is worthy of note, however, that July this year heralded a 28% decrease compared to June with regard to FX contracts.

The firm has still some ground to cover before achieving the relatively high volumes of June this year, a month in which the company reported that 765,000 FX contracts were executed.

The average daily notional value of FX contracts traded in August was $80 billion. In addition, FX open interest hit an all-time high of 2.4 million contracts at the end of the month.

Total volume across all asset classes at CME Group for August 2014 was more than 273 million contracts, of which 87 percent was traded electronically. This includes a record 52 percent of electronically traded options. CME Group open interest hit a record level of 105.6 million contracts on August 14 and stands at approximately 103.7 million contracts at the end of the month, up 3 percent from the end of July 2014 and 24 percent year-to-date.

CME Group interest rate volume averaged 7.3 million contracts per day in August 2014, up 20 percent compared with August 2013. Eurodollar futures volume averaged 2.3 million contracts per day, up 29 percent from the same period a year ago. Eurodollar options volume averaged 710,000 contracts per day, down 5 percent from August last year.

CME Group equity index volume in August 2014 averaged 2.3 million contracts per day, down 3 percent from the same period a year ago.

In August 2014, CME Group cleared a record $169 billion in average daily notional value of over-the-counter (OTC) interest rate swaps. During the month, OTC interest rate swap open interest increased 13 percent from the end of July to $19.4 trillion, which represents 56 percent of clients’ total cleared OTC interest rate swap open interest. Average daily trade count for the month was 1,669.

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CME Group's monthly FX volumes on road to recovery with 13.73% increase in August over July

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