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$CME said November 2017 average daily volume (ADV) reached 18MM contracts, down 14% from November 2016, but up 21% compared with October 2017. Options volume averaged 3.5MM contracts per day, down 18% vs. Nov. 2016. Open interest at the end of November was 123MM contracts, up 9% from the end of November 2016.
$CME reached average daily volume of 18MM contracts in November 2017, down 14% from last year. Options volume average 3.5MM contracts per day, down 18% from last year. Open interest at the end of November was 123MM contracts, up 9% from the end of November 2016.
$CME will exit its credit default swap (CDS) clearing business by mid-2018, freeing up $650MM in clearing member capital. Going forward, $CME will focus its over-the-counter (OTC) clearing services on interest rate swaps (IRS) and foreign exchange (FX), as well as on developing further capital efficiencies for market participants.
$CME announced that August 2017 average daily volume (ADV) reached 16MM contracts, up 16% compared with August 2016. August 2017 options volume averaged 3.1MM contracts per day, up 30% vs August 2016, with electronic options averaging 2.2MM contracts per day, up 51% YoY. Open interest at the end of August was 119MM contracts, up 13% YoY.
Derivatives marketplace $CME reported a 1% annual drop in its average daily volume to 14MM contracts in July. The average options volume decreased 8% to 2.9M contracts per day. Electronic options averaged 2MM contracts per day, up 21% from last year.
Derivatives marketplace $CME has decided to develop futures and options on a new benchmark, following a recent recommendation by the Alternative Reference Rate Committee. It was recommended that the broad Treasuries repo financing rate should serve as the reference rate in certain new US dollar derivatives and other financial instruments.
$CME said its 2Q17 average daily volume reached 16.5MM contracts, up 7% YoY. Options volume averaged 3.6MM contracts per day, up 21%, while interest rate options and energy options average daily volume grew 37% and 22%, respectively. Open interest at the end of June, 2017, was 113MM contracts, up 7% YoY.
$CME's shareholders elected Terrence Duffy, Timothy Bitsberger, Charles Carey, Dennis Chookaszian, Ana Dutra, Martin Gepsman, Larry Gerdes, Daniel Glickman, Leo Melamed, Alex Pollock, John Sandner, Terry Savage, William Shepard and Dennis Suskind each for a one-year term expiring in 2018.