More Platform Data Confirms November Bounce Back
Posted by Colin Lambert. Last updated: December 2, 2021
CME Group has seen a bounce in activity in November, while Integral also saw a small increase in activity, while 24 Exchange confirmed that November was a slower month for NDF volumes.
CME says its FX futures and options suite handled average daily volume (ADV) of $74.6 billion in notional terms. This is an 11.3% increase from October and up 6% year-on-year. Within this, the Merc says that FX options volumes rose by 18% year-on-year.
CME’s EBS platform, meanwhile, reports ADV of $62.5 billion across its spot venues, up 6.8% from October. This is down 10.6% year-on-year, however November also represents the busiest month for the platform since March, as was the case with some of the early reporters.
Integral meanwhile, reports ADV of $50.6 billion in November, up fractionally from October’s $50.5 billion, and also up 5.6% year-on-year.
Elsewhere, following reports from 360T and Cboe FX SEF, 24 Exchange also reports a decline in activity in NDFs, the platform handling ADV of $379 million, down $514 million in October. Annual comparisons are not yet available for the NDF data.