The Chicago Mercantile Exchange (CME) Group, a
leading derivatives marketplace, recorded a 7% year-on-year (YoY) growth at its
Electronic Broking Services (EBS) in June.
The average daily notional value (ADNV) of spot
forex on the wholesale electronic trading platform hit $65.4 billion in June.
EBS is used to trade on the forex market with
market-making banks.
CME Group shared these details on Tuesday in a
statement detailing its market statistics for its second quarter (Q2) and June
2022.
In a statement shared with Finance Magnates,
Paul Houston, Global Head of FX, CME Group, noted that CME FX Link volumes
jumped 145% YoY in June 2022.
CME FX Link, a spot forex service on CME Globex,
hit a peak
record of 82,900 contracts
worth more than $7.2 billion in ADVN on June 16.
These contracts, which is the highest single-day
record on the derivatives platform, surpassed the previous daily volume peak of
77,146 contracts recorded on March 10, 2020
‘Third-Highest Quarterly Volume Ever’
Meanwhile CME Group’s average daily volume (ADV)
climbed 25% to 23.1 million contracts in Q2 2022. CME said this is its third-highest quarterly volume
ever.
The company’s ADV in June also shot up by 30% to
24 million contracts. It is the
highest June volume on record, CME said.
The group, which reported a revenue of $1.3 billion
in Q1 2022, had hit a record
quarterly international ADV of 7.3
million contracts
in its first quarter.
FX Futures and Options in June and Q2
In June, CME FX futures and options ADV
stood at 1.2 million contracts.
On a YoY basis, the company’s forex ADV
increased by 25% with Japanese Yen options leading with a 92% jump.
The Japanese Yen FX futures comes next with a
66% increase, followed by British Pound futures which saw a 21% ADV jump.
Euro FX futures and E-Mini Euro FX futures take the bottom spot with ADV increases of 17% and 10% respectively.
Furthermore, CME said its forex ADV spiked by
24% in Q2 2022.
The company saw a record quarterly
Brazilian Real futures ADV of 17,042 contracts.
On the other hand, while the Japanese Yen options ‘
ADV jumped by 119% in Q2, forex futures in this category climbed by 49%
Canadian dollar option sits at the bottom of the
category with an ADV increase of 33% in the second quarter of this year.
The Chicago Mercantile Exchange (CME) Group, a
leading derivatives marketplace, recorded a 7% year-on-year (YoY) growth at its
Electronic Broking Services (EBS) in June.
The average daily notional value (ADNV) of spot
forex on the wholesale electronic trading platform hit $65.4 billion in June.
EBS is used to trade on the forex market with
market-making banks.
CME Group shared these details on Tuesday in a
statement detailing its market statistics for its second quarter (Q2) and June
2022.
In a statement shared with Finance Magnates,
Paul Houston, Global Head of FX, CME Group, noted that CME FX Link volumes
jumped 145% YoY in June 2022.
CME FX Link, a spot forex service on CME Globex,
hit a peak
record of 82,900 contracts
worth more than $7.2 billion in ADVN on June 16.
These contracts, which is the highest single-day
record on the derivatives platform, surpassed the previous daily volume peak of
77,146 contracts recorded on March 10, 2020
‘Third-Highest Quarterly Volume Ever’
Meanwhile CME Group’s average daily volume (ADV)
climbed 25% to 23.1 million contracts in Q2 2022. CME said this is its third-highest quarterly volume
ever.
The company’s ADV in June also shot up by 30% to
24 million contracts. It is the
highest June volume on record, CME said.
The group, which reported a revenue of $1.3 billion
in Q1 2022, had hit a record
quarterly international ADV of 7.3
million contracts
in its first quarter.
FX Futures and Options in June and Q2
In June, CME FX futures and options ADV
stood at 1.2 million contracts.
On a YoY basis, the company’s forex ADV
increased by 25% with Japanese Yen options leading with a 92% jump.
The Japanese Yen FX futures comes next with a
66% increase, followed by British Pound futures which saw a 21% ADV jump.
Euro FX futures and E-Mini Euro FX futures take the bottom spot with ADV increases of 17% and 10% respectively.
Furthermore, CME said its forex ADV spiked by
24% in Q2 2022.
The company saw a record quarterly
Brazilian Real futures ADV of 17,042 contracts.
On the other hand, while the Japanese Yen options ‘
ADV jumped by 119% in Q2, forex futures in this category climbed by 49%
Canadian dollar option sits at the bottom of the
category with an ADV increase of 33% in the second quarter of this year.
