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.”
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.