CME Group reports record volumes for Oil spread trading
CME Group reports record volumes explained by professional Forex trading experts the “CME Group reports record volumes” FX trading team.
CME Group reports record volumes?
Record volumes in 2013 for Gold trading, Forex trading, and now Oil trading…. CME Group, which runs the world’s largest derivatives marketplace, announced it has reached record volumes (open interest) for Brent-WTI spread options. The CME saw 126,675 contracts traded yesterday (May 15), bettering the previous record of 123,075.
Volatility can happen in spreads as well as in the underlying commodity price. And with Brent-WTI spreads narrowing from $20 in March to $8 recently, traders have taken notice and are actively trading the spread.
Back in April, we reported that the CME hit record volume numbers for gold trading as gold prices fell off a cliff, dropping $200 in one day, Over the last couple of months, we have also been seeing record forex trading volumes, especially in Japan as Yen trading heats up. China forex trading is up 30%+ over last year. Not surprisingly, leading retail forex brokers such as Saxo Bank, FXCM, Alpari, and GMO Click have been enjoying a record year.
CME Group reports record volumes Conclusion
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