… although CME’s volume metrics remain well below last year (-20%).
CME Group, which runs the world’s largest derivatives marketplace, announced that September FX futures volumes increased by 11% from August, averaging 825,000 contracts per day.
On a year-to-year comparison, however, CME is running about 20% behind last year, when last September volumes topped 1 million contracts daily.
Giving us this early peek into September forex volumes, it seems as though trading levels were OK — and above summer levels — but slower than volumes we all saw in the first half of the year, when retail forex volumes set all time records. We’ll see as more datapoints arrive in the coming days and weeks.
For the complete CME Group press release on September volumes click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.