Fed’s Rate Hike Propels Growth In CME’s Interest Rate Derivative Trading Volumes
CME Group (NASDAQ:CME) performed impressively in March, with its daily trading volumes at 16.9 million contracts, 18% above the year ago levels. The recent rate hike and the Fed’s indications of a series of hikes in the year ahead has boosted investor interest in interest rate derivatives, with trading volumes 36% ahead of the levels seen in March,2016. The growth in energy derivatives has slowed down somewhat with the relative lack of volatility in oil prices. Meanwhile, metal derivatives saw 5% growth in trading volumes while equities trading saw 2% growth. We expect further volumes growth with the improvement in the U.S. economy.
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