International derivatives marketplace CME Group has just reported its operating metrics for September 2015, with data concerning the Forex segment offering some surprise – at least if we compare the numbers with the rest of the industry.
The pattern the FX industry has displayed so far when it comes to trading volumes for September 2015 has been one of a decrease in monthly terms and a rise in annual terms. The data just reported by CME Group shows a stable rise in FX trading volumes compared with August 2015 levels and a rather pronounced drop when compared with September 2014 levels.
Let’s examine the particular metrics:
- CME Group saw FX volumes average 947,000 contracts per day in September 2015, up 6.4% from the ADV of 890,000 registered in August 2015.
- The comparison in annual terms was gloomier, as the ADVs in September 2015 were 18% lower than in September 2014.
- The average daily notional value of Forex contracts traded in September 2015 was $95 billion.
- In the third quarter of 2015, Forex ADV amounted to 855,000, up 7% from the corresponding period a year earlier.
Across all segments, September 2015 volume averaged 14.1 million contracts per day, down 7% percent from September 2014. Total volume was more than 296 million contracts, of which 87% percent was traded electronically.
Eurodollar futures volume averaged 2.3 million contracts per day, marking a drop of 30% from a year earlier. Eurodollar options volume averaged 966,000 contracts per day, staging a decrease of 22% from September 2014.
Third-quarter 2015 volume averaged 14.4 million contracts per day, up 7% from third-quarter 2014.
To view the official announcement from CME on its Q3 2015 metrics, click here.