CME’s July Trade Volumes Up On Continued Growth In Metals And Energy Contracts
CME Group (NASDAQ:CME) saw 10% year-on-year (y-o-y) growth across key asset classes in July. This increase was primarily driven by a rise in average daily volumes (ADVs) of metals (32% y-o-y), energy (20% y-o-y) and interest rates (14% y-o-y). Among metals, gold and silver contracts had the highest ADVs, whereas crude oil and natural gas drove energy trading volumes. Further, the Fed’s decision to delay interest rate hikes until the consequences of the U.K.’s Brexit vote are more clear boosted daily trading volumes of interest rate derivatives.
Foreign exchange and equity derivatives have witnessed a slump in their trade volumes for most of the year gone by, surging only in June due to the impact of volatility caused by Brexit in the stock market. In line with the downtrend, July saw a slowdown in ADVs across the two asset classes – foreign exchange (-1% y-o-y) and equities (+1% y-o-y). The table below breaks down the volumes for various asset classes traded on CME’s platform in July, compared to the same period last year:
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