NEX, CME Volumes Drop from May

In keeping with data released yesterday by other platforms, CME Group and NEX Markets saw a month-on-month decline in average daily volume in June. NEX says it handled $95.8 million per day in spot FX volume, down 5.4% from May’s $101.3 billion. Year-on-year, NEX is showing good growth, however, up 15% from June 2017. CME Group says it handled 1,000,000 FX futures and options contracts per day in June, which Profit & Loss estimates to be around $99 million in notional value. This is 9.1% lower than May and unchanged year-on-year.