CME Group Reports Monthly stats; FX ADV grew 9% year on year

Karthik Subramanian

CME Group, the world’s largest derivatives marketplace, today announced the monthly statistics of the trading at its exchange for May 2021, and compared to last year, the Average Daily Volume (ADV) for most of the instruments shows a healthy improvement.

Futures and options ADV for FX for May 2021 701,000 contracts which was 9% higher than the ADV for the month of May 2020. The quarterly ADV to date for FX also shows an increase of 12% when compared to last year though the annual ADV to date is still lagging behind 2020.

The US has been suffering from a pandemic, like the rest of the world, for the past year and this has had an effect on the trading volumes in the various exchanges. But with the vaccines being given and the US continuing to recover from the pandemic in a strong manner, the economy has been picking up and this is showing up in the markets as well.

The trading volumes have seen a steady increase over the last few months and with the economic recovery expected to continue for the rest of the year, we can expect the volumes to continue to pick up at the CME in the coming months as well.

The other instruments like interest rates, equities, agricultural instruments and metals have also shown a healthy increase year on year with the agricultural products doing well by far as the ADV for May 2021 has risen by 45% when compared to the same month last year.

But the trend of lower ADV for annual to date continues across all classes of instruments and this should be a dampener for the trading for now though it can be expected that things are likely to get better in due course of time and we can safely hope that the ADV, by the end of the year, would pickup enough to match that of the last year. The same can be expected from the other US exchanges as well. It would also be interesting to see how the crypto products are shaping up and how their volumes are like when the CME group releases their quarterly stats.

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