CME Trade Volumes Surge Across Key Asset Classes In June, Driven By Brexit Impact

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CME Group (NASDAQ:CME) saw a significant improvement  in June volumes, with 13% year on year (y-o-y) growth  across key asset classes. This increase was primarily driven by a rise in average daily volumes (ADVs) of metals (45% y-o-y), energy (33% y-o-y) and equities (23% y-o-y). The increase in energy derivatives volumes was likely due to factors such as a wildfire in Canada, supply cuts in the U.S., and some geopolitical disturbances. Growth in metal contracts volumes was likely due to the revised expectations of a Fed rate hike causing gold prices to surge, a cut in production forecasts by major iron ore producers, and the impact of anti-dumping rules on steel prices. Moreover, an improvement was seen in foreign exchange volumes (~3% y-o-y), which had been on a downtrend since the beginning of the year, likely due to the impact of “Brexit” on the pound and dollar. The table below breaks down the volumes for various asset classes traded on CME’s platform in June, compared to the same period last year:

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