Exchange FX June volume round-up: CME turnover falls, ICE rises marginally
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Foreign Exchange

Exchange FX June volume round-up: CME turnover falls, ICE rises marginally

Foreign-exchange contracts traded with CME Group declined by 17% month on month, figures released yesterday (July 5) show.

An average $133.7 billion by notional value changed hands on the exchange on each trading day in June, down from $160.5 billion a day in May. The June figure is an increase on the same period last year, however, with an average daily volume of $118.3 billion traded in June 2010.

CME operates the International Money Market, the largest contract market for exchange-traded FX.

Meanwhile, on rival InterContinental Exchange, home of the benchmark US Dollar Index contract, $83.1 billion changed hands in notional value during June. The figures mark a rise of 16% on May’s mark of $70.4 billion.

On the Dollar Index itself, 850,244 contracts changed hands for the month worth a notional $64.6 billion. That marks a small rise on May’s total of $61.5 billion.

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