CME Group’s EBS Spot FX ADNV up 12% YoY in July to $64.5 billion – Financial Magnates | Omd Cialis

The average daily notional value (ADNV) of spot foreign exchange traded on the Chicago Mercantile Exchange (CME) Group’s Electronic Broking Services (EBS) rose 12% year-on-year (YoY) to US$64.5 billion in July. Dollar.

This is included in the July 2022 market statistics released by CME Group on Tuesday.

EBS is CME Group’s wholesale electronic trading platform for forex trading with market-making banks.

EBS spot forex ADNV is up 7% year-on-year in June to $65.4 billion.

So, on a monthly basis (MoM), EBS Spot Forex’s ADNV release is down -1.4% from June volume.

Meanwhile, data from CME Group shows that the leading derivatives marketplace recorded an average daily foreign exchange volume (ADV) of 959,000 contracts in July.

The group announced that its forex ADV was up 30% in July, with the E-Mini Euro FX Futures ADV up 81%.

CME FX link

According to shared with financial magnatesTotal FX volume on CME FX Link, a spot forex service at CME Globex, increased by 46% YoY in July 2022.

ADV is up 75% year-to-date compared to the same period in 2021.

In June, CME FX Link volumes were up 145% year over year.

CME Globex is CME Group’s electronic trading system, providing a range of tradable futures and options for all asset classes.

FX Futures & Options

According to CME Group, the ADV of total FX futures in contract terms shot up 32%, with the Japanese yen posting the highest rise of 60%.

Others followed in that order: Euro (43%), Swiss Franc (23%), Australian Dollar (21%), Mexican Peso (20%), Canadian Dollar (17%) and British Pound (14%).

On the other hand, total FX options rose 9%, with the Japanese yen leading the pack again, up 37%. This was followed by the euro with 20% and the Swiss franc with 10%.

In addition, CME Group announced that CME Listed FX’s ADV in Contract Terms increased 30% year-on-year in July.

CME Group stated: “The average open interest in CME-listed FX products is up 18% year-to-date compared to the same period in 2021.

“In July alone, average open interest in CME-listed FX increased 6% from July 2021. Volumes in blocks and Exchange for Related Positions (EFRPs) of CME-listed FX futures and options contracts are up 106% year-to-date compared to the same period in 2021.”

Meanwhile, CME Group saw its ADV grow 20% for July 2022, with 20.4 million contracts.

In that regard, the group said it saw its stock index ADV rise 40 percent, “driven by micro and e-mini contracts.”

It added that on July 29 there was a record for secured overnight funding (SOFR) rates for options and futures open interest.

“Another strong month”

Commenting on the numbers, Paul Houston, Global Head of FX at CME Group, noted that based on insights from the CME Group Volatility Index, “expectations for FX volatility remain at elevated levels.

“July was another strong month for Listed FX, building on positive momentum from a string of all-time records in June.

“Volume in both FX Futures and FX Options has seen double digit growth compared to this time last year and our shared FX Swaps solution, FX Link, continues to enjoy significant industry adoption.”

The average daily notional value (ADNV) of spot foreign exchange traded on the Chicago Mercantile Exchange (CME) Group’s Electronic Broking Services (EBS) rose 12% year-on-year (YoY) to US$64.5 billion in July. Dollar.

This is included in the July 2022 market statistics released by CME Group on Tuesday.

EBS is CME Group’s wholesale electronic trading platform for forex trading with market-making banks.

EBS spot forex ADNV is up 7% year-on-year in June to $65.4 billion.

So, on a monthly basis (MoM), EBS Spot Forex’s ADNV release is down -1.4% from June volume.

Meanwhile, data from CME Group shows that the leading derivatives marketplace recorded an average daily foreign exchange volume (ADV) of 959,000 contracts in July.

The group announced that its forex ADV was up 30% in July, with the E-Mini Euro FX Futures ADV up 81%.

CME FX link

According to shared with financial magnatesTotal FX volume on CME FX Link, a spot forex service at CME Globex, increased by 46% YoY in July 2022.

ADV is up 75% year-to-date compared to the same period in 2021.

In June, CME FX Link volumes were up 145% year over year.

CME Globex is CME Group’s electronic trading system, providing a range of tradable futures and options for all asset classes.

FX Futures & Options

According to CME Group, the ADV of total FX futures in contract terms shot up 32%, with the Japanese yen posting the highest rise of 60%.

Others followed in that order: Euro (43%), Swiss Franc (23%), Australian Dollar (21%), Mexican Peso (20%), Canadian Dollar (17%) and British Pound (14%).

On the other hand, total FX options rose 9%, with the Japanese yen leading the pack again, up 37%. This was followed by the euro with 20% and the Swiss franc with 10%.

In addition, CME Group announced that CME Listed FX’s ADV in Contract Terms increased 30% year-on-year in July.

CME Group stated: “The average open interest in CME-listed FX products is up 18% year-to-date compared to the same period in 2021.

“In July alone, average open interest in CME-listed FX increased 6% from July 2021. Volumes in blocks and Exchange for Related Positions (EFRPs) of CME-listed FX futures and options contracts are up 106% year-to-date compared to the same period in 2021.”

Meanwhile, CME Group saw its ADV grow 20% for July 2022, with 20.4 million contracts.

In that regard, the group said it saw its stock index ADV rise 40 percent, “driven by micro and e-mini contracts.”

It added that on July 29 there was a record for secured overnight funding (SOFR) rates for options and futures open interest.

“Another strong month”

Commenting on the numbers, Paul Houston, Global Head of FX at CME Group, noted that based on insights from the CME Group Volatility Index, “expectations for FX volatility remain at elevated levels.

“July was another strong month for Listed FX, building on positive momentum from a string of all-time records in June.

“Volume in both FX Futures and FX Options has seen double digit growth compared to this time last year and our shared FX Swaps solution, FX Link, continues to enjoy significant industry adoption.”

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