Interest Rate And Metals Derivatives Boost CME’s May Trading Volumes
CME Group (NASDAQ:CME) performed impressively in May, with its daily trading volumes at 16.5 million contracts, 11% above the year ago levels. The rate hike in March and the Fed’s indications of a series of hikes in the year ahead has continued to attract investor interest in interest rate derivatives, with trading volumes 20% ahead of the levels seen in May,2016. After remaining subdued for most of the year so far, energy derivatives picked up pace with the recent surge in oil prices due to cuts in production. Meanwhile, metal derivatives saw 13% growth in trading volumes while foreign exchange trading saw 15% growth. We expect further volumes growth with further improvement in the U.S. economy.
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