Regarding micro products ADV, Micro E-mini futures and options registered ADV of 2.1 million, accounting for 38.8% of overall Equity Index ADV. Micro WTI Crude Oil futures were 2.5% of overall Energy ADV and Micro Bitcoin futures accounted for 0.5% of overall Equity Index ADV. CME Group noted that ADV outside the US grew 36%…
Read more
CME Group Chairman and Chief Executive Officer Terry Duffy, said: We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty. Average daily volume grew 14% year over year during the quarter, led by double-digit growth in interest rates, energy and options products,…
Read more
SOFR futures open interest has continued on a growth path as well. On 19 October 2021, it reached record 1,166,016, which up 170% and increased 16% in one month, having surpassed one million contracts of open interest on 15 September 2021. Agha Mirza, CME Group Global Head of Rates and OTC Products, said: As the…
Read more
In September, demand elsewhere decreased, with agriculture, equities, and metal derivatives ADV falling both in the month and the quarter. However, CME revealed that interest rate ADV helped to push its overall demand higher. September saw interest rate ADV increase 58% to 7.66 million contracts, with the Secured Overnight Financing Rate (SOFR) hitting a record…
Read more
When approached by the Financial Times, Cboe, who also owns stock exchange operator BATS Global Markets, said it "does not comment on market rumours or speculation." Despite the denials, any deal would mean two of the most important names in financial market derivatives coming together. CME Group (Chicago Mercantile Exchange, Chicago Board of Trade, New…
Read more
However, in terms of percentage growth there was a slight change in the top 3 metrics. Interest rates saw a 96% growth, options saw a 55% and energy - a 23%. Individual futures within the interest rates saw large increases which helped to create the overall high increase in ADV. SOFR futures specifically jumped 221%.…
Read more
Despite the negative growth over this period, there has been an increase in total assets for the company. From the end of 2020 to the midway point of 2021, CME Group has increased its total current assets from $89.283 billion to $144.849 billion. Cash reserves have fallen by just over $550 million, but this has been…
Read more
The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…
Read moreThe statement said: The proposed transaction is largely complementary, and results in a few technically overlapping areas between the companies’ activities relating to trade processing products. The new joint venture will provide trade processing and risk mitigation services for global OTC markets across interest rate, FX, equity and credit asset classes. Business information provider S&P…
Read more
With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…
Read more