CME, EBS ADV Bounces, NDFs Also on the Up

After a tough August in which both platforms saw long term lows in FX activity, CME Group and its subsidiary EBS both saw a decent recovery in September, both are, however, slightly below 2020 levels.

EBS handled $58.2 billion in September, and while this is an impressive 22.3% increase month-on-month, it is still the third lowest for 2021 and down 11.7% year-on-year. CME Group’s FX futures and options product suite saw the regular quarterly roll bounce in September, rising 63% from the non-roll month of August to $94.5 billion notional, however, this too was down, slightly, by 1.5% year-on-year.

Elsewhere, 360T has published its NDF volumes for September – the platform has released data for the whole of 2021 – showing it handled $571 million per day in NDFs on its platforms, an 11.3% increase from August. No year-on-year comparisons are yet available, however in 2021 terms this is slightly below the $608 million per day average across the first nine months.

24Exchange also saw an uptick in NDF volumes, to $394 million, 1 26.3% increase from August. Again, no year-on-year comparison is available, however this is above 24Exchange’s year-to-date average of $365 million per day.