Chicago Mercantile Exchange (CME) group, the world’s largest financial derivatives exchange has released its trading volumes for September and the third quarter of the year. The result shows there are mixed market demands across different segments.
The report showed it reached 16.9 million contract volume in September and an average daily volume (ADV) of 15.6 million in the third quarter.
CME maintains its global status
As the world’s leading marketplace for futures and options, the CME group provides the platform for clients to trade options, futures, analyze data, and optimize the portfolio.
It empowers market participants all over the world to capture opportunities and manage risks efficiently.
The exchange provides a wide range of global financial products across different segments based on metals, agricultural products, energy, foreign exchange, equity indexes, and interest rates.
The firm provides foreign exchange trading via the EBS platform, fixed income trading on Broker Tec, and futures trading through the CME Globex platform.
CME also provides trade processing services via Traiana and optimization and reconciliation services via TriOptima.
In September, the exchange recorded 829,000 derivatives contracts, which is a 1.7% increase in foreign exchange contracts. The third quarter of the year saw an uptrend in derivatives within the platform.
But the performance of FX for the third-quarter slowed down, compared to the value in the previous third quarter last year. Demand for derivatives for the third-quarter dropped by 3% compared to the third quarter of last year. CME sells FX contracts through CME Globex, which is the common platform where all major assets are listed. It also carried out private negotiations with other parties, while most of the trading occurs on the exchange’s trading platform.
Also, CME is still focused on increasing its market offerings by launching a new forex options volatility convertible tool, which will enable the users to price the forex options liquidity in OTC terms.
Cboe exchange also recorded higher trading volumes
In another development, the Cboe FX market has announced its trading volumes for September, with a positive shift in trading volume.
The total FX trading volume for last month was $702 billion, which is higher than the trading volume for August ($602 billion) by 16.6%.
In March, the exchange recorded its highest trading volume by hitting $1.2 trillion, as the coronavirus pandemic offered more trading opportunities for investors and traders. But the trading volumes reduced drastically in the next couple of months, although it’s still higher than the $637 billion recorded in September last year.