CME Group Reports Record Intra-day Volume of 1,150,475 contracts

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.

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CME Group Reports Record Intra-day Volume of 1,150,475 contracts on Oct. 11, 2018

October 16, 2018
Tim McCourt, CME Group Global Head of Equity Index Products and Alternative Investments
Tim McCourt, CME Group Global Head of Equity Index Products and Alternative Investments

Options and futures exchange, CME Group (NASDAQ: CME) has announced that its E-mini Nasdaq 100 futures have reached an all-time daily volume record of 1,150,475 contracts on Thursday, Oct. 11, 2018, breaking the previous record of 1,149,387 contracts reached on Sept. 18, 2008.

In 2018, the Nasdaq-100 futures and options products have traded an average of 446,000 contracts per day, an increase of 59 per cent from 2017 levels. The average daily, weekly and monthly volumes have almost tripled during the last five years to more than 11,000 contracts per day in 2018. 

Tim McCourt, CME Group Global Head of Equity Products and Alternative Investments said:

“This milestone demonstrates how global investors are increasingly turning to CME Group’s products to manage risk or take advantage of trading opportunities amid ongoing volatility in the equity markets. Nasdaq-100 futures and options products allow customers to gain exposure to the 100 largest U.S. non-financial companies while benefiting from capital efficiencies by trading alongside our industry-leading equity index products.”

US Department of Justice - USDOJ

CME Receives Final Clearance from the US DOJ

In another development, CME Group has received the final clearance from the Hart-Scott-Rodino Act from the United States Department of Justice – Antitrust Division, for acquiring London’s NEX Group Plc. (LON: NXG).

Earlier this year, the CME Group has announced acquistion of NEX at a total £3.9 billion (USD $5.4 billion) deal both cash and shares swaps. It has already received regulatory approvals from UK FCA, Germany, Sweden and Italy and has made the requisite pre-notifications in Hong Kong.

With this, CME Group expects to close the acquisition process by end of this year.

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