CME Group forex volume down 24% in July 2012

CME's 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 volumes kept their downward trend in July 2012 dropping as much as 24% comparing to June 2012 and 9.5% comparing to July 2011. Some forex brokers however cautiously report slight growth in volumes since Q1.

CME Group, the world's leading and most diverse derivatives marketplace, today announced that July 2012 volume averaged 10.4 million contracts per day, down 18 percent from July 2011. Total volume for July was more than 218 million contracts, of which 85 percent was traded electronically.

In July 2012, CME Group interest rate volume averaged 3.9 million contracts per day, down 37 percent from July 2011. Treasury futures volume averaged 1.7 million contracts per day, while Treasury options volume averaged 278,000 contracts per day. Eurodollar futures volume averaged 1.3 million contracts per day, while Eurodollar options volume averaged 555,000 contracts per day.

CME Group equity index volume in July 2012 averaged 2.5 million contracts per day, down 14 percent from the same period last year. CME Group foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) volume averaged 801,000 contracts per day, down 9 percent from July last year, reflecting average daily notional value of $99 billion.

CME Group energy volume averaged 1.5 million contracts per day in July 2012, up 6 percent compared with the same period in 2011. CME Group metals volume averaged 324,000 contracts per day, down 14 percent from the same period last year.

CME Group agricultural commodities markets were particularly active in July with volume averaging 1.4 million contracts per day, up 46 percent compared with the prior-year period, as customers turned to CME Group to manage their risk associated with exceedingly dry and hot weather conditions in June and July. Contributing to this strong volume were two monthly average daily volume records in soybean and soybean meal futures and options contracts. In addition, agricultural commodities open interest reached a 2012 high of 8.8 million open contracts on July 26, which was up from 6.1 million open contracts at the beginning of January 2012 and up 23 percent versus the same period last year.

Electronic volume averaged 8.8 million contracts per day in July 2012, down 18 percent compared with July 2011. Privately negotiated volume decreased 9 percent to 198,000 contracts per day from the prior July. Average daily volume cleared through CME ClearPort was 330,000 contracts in July 2012, down 6 percent compared with July 2011. Open outcry volume averaged 1.1 million contracts per day, down 21 percent versus the prior-year period.

MONTHLY AVERAGE DAILY VOLUME (ADV)

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