CME Group’s 2Q metals volume grows 27% from 2017
Temitayo Ayetoto is Businessamlive Reporter.
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Leading futures contract exchange, CME Group has seen its metals volume average 674,000 contracts per day in the second quarter, a year-on-year gain of 27 percent, according to a statement by the exchange.
Its average daily volume for gold futures and options grew 29 percent to 383,000 contracts, while it rose by 7 percent for silver futures and options 115,000 contracts.
Forex volume averaged one million contracts per day, up 18 percent year-on-year while agricultural volume averaged a record 1.7 million contracts per day, up 16 percent.
Copper futures and options average volume rose 43 percent to 146,000 contracts.
Equity index volume average rose 14 percent to 3.1 million contracts per day, with interest rate volume average up 12 percent to 9.2 million contracts.
Energy volume averaged 2.6 million contracts just as a year ago.
Meanwhile, the average metals volume for the month of May climbed 30 percent year-on-year to 666,000 contracts.
According to the Group, volume in platinum futures hit a record of 58,000 contracts on June 22.