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CME, EBS Volumes Flat in November

CME Group, which now owns EBS, reported almost no change in trading volumes for November on both the spot FX and derivatives sides of its business.

The average daily volume (ADV) of Spot FX traded on EBS was $81.6 billion in November, down 1% month-on-month and 8% year-on-year.

This is consistent with the other spot FX platforms that have already reported last month’s volumes, most of which saw only marginal changes in trading volumes compared to October.

For the 12month period ending November 30, the ADV on EBS for spot FX was $89.6 billion, up 6% compared to the same period one year previous.

CME Group reported an average of 904,000 listed currency futures and options contracts traded on its platform last month, which was almost unchanged from October’s average of 903,000 contracts and down just 1% compared to November 2017.

The standout performers amongst the CME’s FX suite in November were the AUD, CAD and MXN contracts, which respectively saw average trading volumes increase 14% to 113,000, 7% to 79,000 and 27% to 62,000.

 

Galen Stops

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