CME Group FX volumes increase
CME Group, which runs the world’s largest derivatives marketplace, surpassed a near-record February with a (slightly) even better March. FX contract volumes (mainly Eurodollar futures contracts) traded at CME hit 1,072,000 per day in March, up 0.5% from February and up 14% from last year. March was the CME’s third best month ever for FX volumes (see chart below), and represented its fifth month in a row with increasing FX volumes.
Other trading figures we have seen so far for March, such as Japan FX volumes, were down somewhat from very strong February volumes, but still very healthy in the overall context as compared to last year.
We should learn more when Forex ECNs such as ICAP EBS, Hotspot FX, FXall and Thomson Reuters release figures in the coming days and weeks. Stay tuned…
While CME’s reported volumes are futures contracts, they typically are a good predictor of retail / spot volumes as well. Those markets are interconnected, and are typically driven by the same catalyst — namely volatility.
CME Group FX volumes increase Conclusion
For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading
experts please by share this article about CME Group FX volumes increase