CME Group Posts Record Options ADV in January

The Chicago Mercantile Exchange (CME) has released its January Options Review.

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The report discloses that a record of 4.5 million options were traded on a daily basis, up 32% YoY and signaling a promising start to 2018.

In another positive sign for CME Group, weekly options also set record highs, with an average daily volume (ADV) of 794,000 contracts traded per day, recording an increase of 37% YoY.

FX Options

The scope of CME’s FX Options appears to exhibit positive results. The total ADV for FX Options reached 99,427, representing a YoY improvement of 44%. The currency pair posting the greatest gains in ADV is EURUSD, with a 95% YoY rise to 53,295 contracts per day.

The next biggest mover on the list from January’s trading results was AUDUSD, which saw a 56% increase YoY, with a January ADV of 7,998 contracts per day.

GBPUSD and CADUSD improved as well, each posting a YoY increase in ADV, climbing 36% and 47%, respectively.

Wednesday FX Options

Overall, Wednesday FX Options ADV posted an 83% climb MoM, reaching 6,031 contracts per day. CME Group initially introduced Wednesday options toward the end of last year.

The launch of Wednesday options was facilitated, in an effort to provide traders with a more dynamic trading strategy. Wednesday options allow for a more diversified Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term strategy on a more detailed level, by enabling traders to properly and timely react to mid-week news.

Wednesday options differ from the standard options, in that they expire on Wednesdays rather than Fridays. The Wednesday expiry allows traders to materialize gains or losses mid-week, thereby granting them greater control of their exposure and providing them with more leniency in reaction times.

CME’s Expansion into Crypto

News of expanding FX volumes are clearly welcomed for CME Group. In December of last year, CME posted sluggish FX volumes, raising concerns of a diminishing market. However, as evident from January’s report, trading volume is back on the incline, providing a sense of positivity surrounding the outlook for the upcoming year.

Last year also saw CME’s launch of 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. The American financial market company is rumored to be considering expanding its crypto offerings, to also include Ethereum and Litecoin.