CME Group reports solid FX volumes, micro BTC futures average 27K contracts

abdelaziz Fathi

CME Group (NASDAQ: CME), the holding company for CBOT, NYMEX, and COMEX exchanges, has just released its trading monthly review for November 2021, which showed a mixed performance across the group’s six product lines, according to a CME statement.

On an aggregated basis, CME’s ADV total futures and options was higher by 20 percent year-over-year, coming in at 23.1 million per day. It was also up over a monthly basis compared to 20.4 million in October 2021.

During November 2021, total FX volumes averaged 801,000 contracts per day, which represented a rise of 6 percent year-on-year from 759,000 contracts per day in the previous year. Across a monthly interval, the latest figure was up 11.3 percent from 720,000 contracts per day in October 2021.

Delving into details, metals volumes were lower year-on-year after shedding 10 percent with just 631,000 contracts traded daily, while energies turnover climbed to 2.4 million contracts, up 14 percent relative to last year.

During the reported period, CME Group’s average daily equity index volumes were pointed higher, coming in at 5.6 million contracts for the month, up by 4 percent from 5.4 million in the same period last year. Additionally, the figure reflects a stronger performance on the monthly basis, rising nearly 4 percent compared to 5.4 million in the prior month.

CME to launch micro Ether futures

Moreover, the CME provided updated metrics about its micro Bitcoin futures, which averaged 27,600 contracts in November, including more than 3.3 million total contracts since their launch in May.

Roughly two and half years after the launch of the world’s first Bitcoin futures, CME Group brought another level of diversification to cryptocurrency traders with a micro Bitcoin futures contract.

Closely tied to its older brother, the smaller-sized contract is based on the same underlying reference index, the CME CF Bitcoin Reference Rate, and is settled in cash. The index was developed in partnership with CF Benchmarks to provide real-time BTC price in dollars.

A much-anticipated micro futures contracts for ether, the native cryptocurrency of the Ethereum blockchain network, is also set to debut on December 6.

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