CME Group, , has published its trading volume for the month of November today. The firm, which recently completed its , managed to achieve an increase in its average daily volume (ADV) of 21 per cent year-on-year.
Specifically, the ADV for November was 21.7 million contracts. By the end of November, open interest was 128 million contracts. This is a slight increase of 4 per cent from November last year, and a jump of 19 per cent from year-end 2017.
Despite the overall uptick in trading volume, experienced a small drop during the month of November. For the month, the ADV was 904,000 contracts, a decline of 1 per cent from the same time period last year.
Some of the highlights for the sector include the ADV for Australian dollar futures and options rising by 14 per cent year-on-year to hit 113,000 contracts. The average number of contracts for Mexican peso futures and options traded per day jumped by an impressive 27 per cent, to 62,000 contracts.
The trading volume for agriculture was also down on a yearly basis, dropping by 6 per cent to reach 1.5 million contracts per day. However, the ADV for Soybean futures had a sizable increase of 15 per cent. The ADV for Lean Hog futures and options and Wheat options increased by 14 per cent and 12 per cent respectively.
Trading volumes for EBS and BrokerTec
Taking a look at the CME Group-operated BrokerTec, which offers fixed-income trading and EBS, which offers forex trading, the US treasury average daily notional value increased to 11 per cent to $174.2 billion.
The average daily notional value was also up by 5 per cent on a yearly basis for European Repo, hitting €252.7 billion. Spot FX, however, was down by 1 per cent, falling from $82.3 billion in November 2018, to $81.6 billion in November of this year.
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