CME Group announced this Wednesday that it has achieved record international volumes for the first quarter of 2020, as the coronavirus pandemic boosts trading volumes for exchanges, brokers and platforms.
During the first three months of 2020, the international average daily volume (ADV) was 7.2 million contracts. This represents an increase of 57 per cent on a yearly comparison.
Equity trading led the way for CME Group
Q1’s trading volume has also surpassed the previous quarterly record, which was 5.3 million contracts traded during the second quarter of last year. This figure represents all trading done outside of North America and was driven primarily by Equity and Interest Rate products, which jumped by 152 per cent and 46 per cent, respectively.
As , according to data examined by Cappitech, trading providers that had a strong Equity offering managed to capitalise on the increased trading volumes the most effectively.
Record volumes by region
Taking a look at Europe, the Middle East and Africa (EMEA), the average daily volume reached a record 5.4 million contracts. When measuring this against the same period of the previous year, it has climbed by 54 per cent.
This surge in trading was also driven by a strong performance in Equity and Interest Rate products in the region, CME Group said in its statement today. In fact, they were up by 139 per cent and 46 per cent respectively year-on-year.
For the Asia Pacific (APAC) region, the average daily volume managed to hit a record 1.6 million contracts, a 73 per cent growth year-on-year. Again, this growth was led by a 195 per cent growth in Equity products, followed by Metals and Interest Rate products.
The final region for is Latin America, which had an ADV of 182,000 contracts in Q1 of 2020, which is higher by 21 per cent from the corresponding period in 2019, led by a strong surge in Equity products.
Commenting on the results, William Knottenbelt, Senior Managing Director and Head of International, CME Group said in the statement: “In the first quarter of this year, we have seen unprecedented market conditions leading to increased volatility, and our record international volumes reflect a heightened need for risk management. We are committed to continuing to provide a robust, liquid and regulated marketplace for clients to manage their risk around the clock and around the world.”
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