Operating metric for May have been released on Tuesday by Denmark’s bank and FX broker Saxo Bank and derivatives broker CME Group.
Saxo Bank saw its average daily volumes (ADV) reaching $10.4 billion during the month of May 2015, what is 3% higher as it has been in April 2015, registering only $10.1 billion.
Moreover, Saxo experienced an increase in clients’ collateral deposits during the same month, rising to $11.46 billion compared to April’s $11.31 billion. Such amount is a record high for Saxo.
Nevertheless, overall volumes during May reached $219 billion, what is a decrease of 1.4% or $222 billion registered in April 2015, but it could be mentioned that May had fewer business days than previous month. Over the year, ADV saw a fall of 1.9% in May.
CME Group posted ADV of 880,000 contracts during May, increasing 5% in comparison with April, albeit still lower as in March 2015, which experienced higher volatility. Nevertheless, these numbers are still higher as during the rpevious year, as on annual basis forex volumes jumped 49% for CME. The average value of forex contract in May reached $93 billion, compared to $86 billion in April 2015.
As for other instruments, Eurodollar futures ADV hit 2.3 million contracts a day, lower from May 2014, while eurodollar options dropped 8% on annual basis to 738,000 per day. Equity index averaged 2.1 contracts a day, what is 3% decline from May 2014.
In commodities, energy volumes saw an increase of 24% YoY, reaching 1.7 million ontracts per day in May 2015, while agricultural commodities ADV reached 1.2 million per day, jumping 27% over the year.
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