CME Group FX Futures and Options Reach New Volume and Open Interest Records

The new record at CME Group represents a 5% increase over the previous record of 3 million contracts set in September 2022.

March 10, 2023 - CME Group, a derivatives marketplace, announced its foreign exchange futures and options reached a new single-day volume record of 3.15 million contracts on March 8, 2023, equivalent to $296 billion in USD notional.

CME Group also reached trading records in several individual currencies, including a record of 1.1 million Euro FX futures and a record 264,000 Canadian Dollar FX futures. In addition, blocks and exchange for related positions (EFRP) transactions traded a record 274,000 contracts on March 8, a level 23% higher than the previous record set in December 2022. 

Paul Houston, Global Head of FX Products, CME Group commented: "We are pleased to see strong momentum in our FX futures and options products as our clients turn to our deep liquidity to manage their currency exposure amid ongoing market uncertainty,"  

"We are pleased to offer clients the flexibility of both our highly liquid, central limit order book, as well as disclosed, OTC-style block and EFRP trading now supported by more than 20 liquidity providers."