CME Group Sees Exploding FX Volumes in June, Equities Also Pointed Higher

CME Group (NASDAQ: CME), one of the world’s paramount derivatives marketplace, has disclosed its June 2016 volumes, having notched a rebound in its contracts and extending a recent bout of momentum across its overall business, according to a CME statement.

During June 2016, CME Group averaged 16.4 million contracts per day, which represented an increase of 10.1% MoM from 14.9 million contracts per day in May 2016. Across a yearly interval, the latest figures also reported a 12.3% surge YoY from 14.6 million contracts per day in June 2015.

In addition, CME Group’s average daily 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) volumes were also pointed higher in June 2016, coming in at 1.02 million contracts for the month after a lackluster May. Relative to the previous month, CME saw an ADV growth of 42.2% MoM from 716,000 contracts in May 2016. This rise was somewhat mitigated over a yearly interval, rising by a factor of 3.2% YoY from 987,000 contracts per day in June 2015.

For the month ending June 2016, CME Group also saw its interest rate volume average 7.3 million contracts per day, which represented a decline of 1.8% MoM vs. 7.5 million contracts per day in May 2016. The result is somewhat surprising given the recent flux of interest rates and the market convulsions wrought by other globally induced events such as Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term.

By extension, CME’s equity indexes during June 2016 exploded to 3.5 million contracts per day, surging 44.0% MoM from just 2.6 million contracts per day in May 2016. Finally, CME’s agricultural commodities business continued to perform strongly in H2 2016 and notably in June, which for the month yielded a rise of 28.6% MoM to 1.8 million contracts per day, vs. 1.4 million contracts per day in May 2016.