CME Group’s February 2018 Volumes Storm Higher, FX Stagnates MoM

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 operator CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has just released its February 2018 aggregated volumes, sharing its trading statistics across key business segments. The latest figures hit an all-time high in terms of average daily volumes, having been subject to a wide range of factors that influenced the market last month.

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In terms of its overall volume for February 2018, CME Group reported an average of 27.3 million contracts per day, which was indicative of a gain of 48 percent month-over-month from 19 million contracts per day in January 2018. This latest reading did continue a consecutive monthly advance at the exchange, which reached the second-highest monthly ADV ever last month.

Looking at a yearly timetable as a means of comparison, February 2018 proved to more active at CME Group across the board, which corresponded to a year-over-year growth of 48 percent in February‎ 2017. This new record surpasses the prior milestone of 20.9 million contracts in November 2016 by 31 percent.

This growth was fueled by a strong performance in interest rates (93.0 percent year-over-year growth), and options volumes, which averaged 6.1 million contracts per day, up 59 percent from February 2017.

CME Group’s average daily foreign exchange volumes were virtually unchanged in February 2018, coming in at 1.1 million contracts per day vs. the same number in January 2018. Year-on-year, February 2018 figures were up 42 percent compared to February‎ 2017.