CME Group Witnesses a 32% Surge in Overall ADV during October 2021

The operator of one of the largest US derivatives exchanges, CME Group, released its monthly trading metrics for October 2021, noticing an increase in the average daily volume (ADV) of interest rate contracts. According to the report, interest rate contracts surged 94% on a yearly basis, while the overall ADV soared 32% on a yearly basis to 20.4 million contracts during the period.

Also, in October, equity index ADV was 10.2 million contracts, options ADV accounted for 3.8 million, while energy ADV hit 2.5 million contracts. Moreover, agricultural ADV was 1.2 million contracts last month, while Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term ADV hit 720,000 contracts and metals ADV reached 465,000 contracts.

“Micro E-mini futures and options had an ADV of 2.1 million contracts, representing 38.8% of overall Equity Index ADV, while Micro WTI Crude Oil futures accounted for 2.5% of overall Energy ADV, and Micro Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures accounted for 0.5% of overall Equity Index ADV,” CME Group commented about the yearly figures for the micro products ADV. In addition, ADV in Latin America grew by 48 percent, while ADV in EMEA grew by 40%, and Asia grew by 26 percent, respectively.

September Metrics

As Finance Magnates reported, September’s metrics unveiled that FX ADV for the month came in at 975,000 contracts compared to the ADV of 1 million contracts achieved in the same month a year ago. Moreover, the quarterly demand for FX contracts dropped by 6% year-over-year between July and September.

In addition to FX, demand for equities, agriculture, and metals derivatives slowed in July, as well as over the entire quarter. Overall, the ADV was impacted by a surge in interest rates and energy products, which dragged the ADV higher. In September, the ADV of interest rate derivatives jumped by 58 percent to 7.66 million contracts, while energy products took a leap of 14 percent. In contrast, metal products decreased by 40 percent, followed by a dip in agriculture and equities products ADV by 25 percent and 8 percent, respectively.