CME Group FX volumes drop 29% MoM in July as post Brexit volatility wanes

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that July 2016 average daily volume (ADV) reached 14.1 million contracts per day, up 10% from July 2015. CME Group July 2016 options volume averaged 3.2 million contracts per day, up 9% versus July 2015, with electronic options averaging 1.7 million contracts per day, up 6% over the same period last year.

Foreign exchange volumes have dropped 29% MoM in July to 724,000 ADV.

Total open interest peaked above 110 million contracts on July 14, and was 103 million contracts at the end of July, up 13% from year-end 2015.

Metals volume averaged 503,000 contracts per day in July 2016, up 32 percent from July 2015:

• Achieved record Metals futures ADV of 465,000 contracts, up 38%
• Grew Gold futures ADV 41% to 296,000 contracts and Silver futures ADV 62% to 74,000 contracts
• Achieved three consecutive open interest records in gold futures, surpassing 655,000 contracts
• Increased Copper futures and options ADV 18% to 76,000 contracts
• Continued momentum in total Aluminum product suite with open interest surpassing 42,000 contracts

Energy volume averaged 2.2 million contracts per day in July 2016, up 20 percent from July 2015:

• Achieved 24% growth in ADV across Crude Oil products, driven primarily by WTI futures ADV of 956,000 contracts, up 39%
• Grew Natural Gas options ADV 22%
• Achieved second consecutive monthly ADV record in Natural Gas Liquids and Petrochemicals

See the full report in the tables below: