So far in 2019, trading providers have had to deal with low volatility and overall low trading volumes. Today, CME Group has published its trading volumes for the second quarter of 2019, instead revealing its highest quarterly international average daily volume on record.
During the second quarter, reported robust trading international activity, which is all trading done outside North America. Specifically, the total trading volume was 5.3 million contracts during the period.
When measuring this against the , which was the previous quarterly record, it is higher by 8.2 per cent. It is also higher by 25 per cent year-on-year. According to the statement from CME, this growth was mainly driven by Interest Rate, Equity Index and Agricultural products.
CME Group volumes by region
CME’s international volumes can be broken down into three regions – Europe, Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America (LatAm).
In Q2 of 2019, the futures exchange achieved an average daily volume of 4 million contracts for the EMEA region, an all-time high for the company. This is higher by 22 per cent on a yearly comparison.
For APAC, CME again recorded an all-time high average daily volume of 1.1 million contracts in the second quarter, which is up 28 per cent when measured against the second quarter of 2018.
The LatAm region also noted a record ADV of 173,000 contracts traded in Q2 of 2019. This represents a growth of 81 per cent from Q2 of 2018. It also exceeds the previous quarterly record set in the first quarter of this year.
Source: Dow Jones, Inc.
“With CME Group’s broad array of derivatives products available virtually round the clock, our international customers outside of North America recognize the benefits of trading on a robust, liquid and regulated marketplace.”