CME Sees Growth In Trade Volumes; Metals And Energy Major Drivers
CME Group (NASDAQ:CME) saw a 6% year on year (y-o-y) increase in its trading volumes across key asset classes in September. Amid a subdued global macroeconomic environment, gold and silver have attracted investor interest, and as a result metal trading volumes grew by 30% y-o-y during the month. Further, the continuous shift in oil prices due to the demand-supply gap and OPEC’s unwillingness to cut down production has led to increased volatility in the market. This partly drove a 25% surge in CME’s energy trading volumes.
Interest rate derivative volumes grew by 5% and going forward, we expect the volumes to continue growing in the wake of a possible interest rate hike in early 2017.
Further, oil prices are expected to keep changing due to a recent announcement from OPEC around limiting oil production. This in turn should drive energy trading volumes.
View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research