CME Group revealed last week that record high volumes passed through their trading platforms on the night of the US Presidential Election as a result of Donald Trump’s unexpected victory over Hillary Clinton.
London-based electronic dealer broker ICAP also announced that their platforms had registered abnormal trading behaviour. Foreign exchange volumes on EBS surged to approximately $240bn on Wednesday, November 9. The Average Daily Volume (ADS) over the past 12 months has been of $90bn.
Brokertec, EBS’s electronic fixed-income trading venue, registered its second highest volumes ever on US Treasuries, at $437bn – second only to the fateful day in October 2014 when the US government bond market crashed.
Last week’s report by CME Group had indicated a record-high single-day volume of 44,516,949 contracts on that particular Wednesday. Unlike ICAP’s experience, the impact of the day following the US Presidential election surpassed the volumes of October 14, 2014, an event that resulted in the ‘melt-up’ of the US Treasuries the following day. That day, the CME Group registered a total volume of 39,567,064 contracts.