CME, EBS FX Volumes Drift in February

As was the case with the first group of platforms to report FX volume data, CME Group’s listed and OTC FX platforms also saw activity drift lower from January.

CME’s FX futures and options average daily volume was $80 billion in notional terms, with 949,000 contracts trading daily. This is 8% lower both from January and also on a year-on-year basis.

The Merc did see solid increases in AUD futures, up 43% year-on-year to $9.7 billion per day, as well as in Brazil and Mexico, with BRL futures ADV rising 24% to $700 million per day and MXN by 20% to $1.9 billion. New records were also set in EUR futures and options monthly open Interest at $201 billion, there were also peaks set in overall FX futures and options OI on a daily basis – $369 billion on 27 February – and in average daily OI monthly at $369 billion.

FX Link ADV was $4.33 billion, down 24% from January, but up 20.3% year-on-year, while the G5 CVOL Index averaged 7.4 in February, up from 6.97 in January, but down from the 8.74 reading from February 2025.

EBS meanwhile, reports ADV across its platforms in spot and NDFs of $68.4 billion, while this is down 8.6% from January and down 2.4% year-on-year, it remains high by recent standards, comfortably above the 2025 average of $63.8 billion.