CME Group and Moscow Exchange (MOEX) Reports Volume Figures for the Month of January 2019

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

CME Group and Moscow Exchange (MOEX) Reports Volume Figures for the Month of January 2019

February 5, 2019

CME GroupDerivatives marketplace, CME Group, has released its January 2019 operation metrics, with steady volumes during the month. During the month, the group has reached the average daily volume (ADV) of 17.8 million contracts, which is 6 per cent lower on a year-on-year basis. The open interest in January 2019 reached 122 million contracts, down by 1 per cent against January 2018, but is 5 per cent higher compared to December 2018 volumes.

The group released the segment volumes report, which is as follows:

The Foreign Exchange volume during January 2019 averaged 883,000 contracts per day, which is 23 per cent lower compared to January 2018 figures. Key highlights during the month are:

  • Russian Ruble F&O ADV grew 120 per cent to 2,800 contracts and South African Rand F&O ADV rose by 4 per cent to 2,200 contracts during the month. 

During the month, the Equity Index volume averaged 3.3 million contracts per day, which is 7 per cent higher on a yearly basis. Some key highlights during the month are:

  • E-mini S&P 500 futures ADV reached 1.6 million contracts, higher by 17 per cent
  • E-mini Nasdaq-100 F&O ADV reached 530,000 contracts and is higher by 51 per cent
  • E-mini Dow F&O ADV increased by 35 per cent to reach 234,000 contracts

The Interest Rate volume averaged 9.6 million contracts per day during the January month, which is almost flat or 1 per cent lower compared to January 2018 volume.

The Options volume during the month averaged 4 million contracts per day, which 12 per cent lower compared to January 2018 figures 

The Energy volume during the month came in at 2.5 million contracts per day, which is 20 per cent lower compared to January 2018 volume figures.

The Metal volumes during January 2019 came in at 564,000 contracts per day and is down by 26 per cent on a yearly basis.

Moscow Exchange Reports Weak FX Volumes for January 2019

moexRussia’s largest institutional trading venue, Moscow Exchange (MOEX) has also released its January 2019 figures. The exchange failed to sustain the bullish momentum and was less volatile during the first month of the year 2019.

The total FX market turnover was reported at RUB 23.0 trillion ($350 billion), which is 13 per cent lower on a month-on-month basis from RUB 26.5 trillion ($395 billion) in December 2018.

MOEX’s total FX turnover in January 2019‎ featured spot trades of RUB 5.6 trillion, down by 19 per cent month-on-month from RUB 6.7 trillion in December 2018. The daily average daily turnover during the month was RUB 1.14 trillion ($17.4 billion), a drop of 8 per cent on a monthly basis from RUB 1.26 trillion ($18.8 billion) in December 2018.

The MOEX’s derivative volume during January 2019 was mixed with a reported figure at  RUB 5.9 trillion, a decrease of 8 per cent month-on-month from RUB 8.2 trillion in December 2018, but is 9 per cent higher on a yearly basis from RUB 5.4 trillion in January 2018.

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