CHICAGO, Dec. 13, 2019 /PRNewswire/ -- CME Group, the world's main and most numerous derivatives market, introduced its overseas change (FX) future
CHICAGO, Dec. 13, 2019 /PRNewswire/ — CME Group, the world’s main and most numerous derivatives market, introduced its overseas change (FX) futures reached a brand new single-day quantity document of two.7 million contracts on Dec. 11, 2019, surpassing the earlier document of two.5 million contracts set on June 14, 2017.
Open curiosity (OI) for CME Group FX futures additionally reached a document 2.three million contracts on Dec. 11, 2019, up from the earlier OI document of two.2 million contracts set on Dec. 10, 2019.
OI represents the variety of energetic positions that market individuals are holding open with out taking supply or offsetting, a measure that sometimes will increase throughout occasions of market uncertainty.
“Prospects are more and more accessing the deep liquidity, in addition to capital and value efficiencies, supplied by our listed FX merchandise to handle their FX publicity,” mentioned Paul Houston, CME Group International Head of FX. “File open curiosity, mixed with our current reductions in minimal worth increments for calendar spreads in euro, yen and pound pairs, has continued to strengthen liquidity and cut back the price to commerce throughout this year-end roll interval.”
Individually, Mexican Peso (230,897 contracts) and Norwegian Krona (2,340 contracts) additionally reached single-day buying and selling quantity information on Dec. 10, 2019.
Massive open curiosity holders (LOIHs) in FX futures reached a…