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CME Group has reported its March and first-quarter 2020 market statistics, showing it reached a record average daily volume (ADV) of 32.1 million contracts during the month of March, up 68% from March 2019.
First-quarter 2020 ADV reached a record 27 million contracts, an increase of 45% from first-quarter 2019. Open interest at the end of March was 123 million contracts.
Quarterly ADV highlights include:
Record Interest Rate ADV of 13.8 million contracts, up 34% from Q1 2019
Record Equity Index ADV of 6.5 million contracts, up 106% from Q1 2019
Record Options ADV of 5.4 million contracts, up 41% from Q1 2019
Foreign Exchange ADV of 1.1 million contracts, up 22% from Q1 2019
Record Metals ADV of 889,000 contracts, up 58% from Q1 2019
March ADV across asset classes include:
Interest Rate ADV of 15.7 million contracts, up 51% from March 2019
Record Equity Index ADV of 8.9 million contracts, up 153% from March 2019
Record Options ADV of 6.3 million contracts, up 54% from March 2019
Record Foreign Exchange ADV of 1.4 million contracts, up 36% from March 2019
Record Metals ADV of 920,000 contracts, up 55% from March 2019
Additional March highlights include:
Record Eurodollar futures ADV of 5 million contracts
Record Micro E-mini Equity futures ADV of 2.3 million contracts
Record Gold futures ADV of 471,000 contracts
Record BrokerTec U.S.Treasury average daily notional value of $246 billion, up 39% from March 2019
EBS Spot FX average daily notional value reached $131 billion, a 58% increase from March 2019
Bank of China has launched DeepFX, an artificial intelligence-based FX trading signal prediction application through Eikon.
DeepFX was developed by the Digital Asset Management Department of Bank of China using deep learning technology to predict the short-term price movements in EUR.USD, AUD.USD, GBP.USD, USD.CAD, USD.JPY and USD.CHF.
The ‘Lite’ version released provides a 5-minute interval real-time FX trade signal forecasting service, while displaying back-test results within 10 days. Global Eikon users can subscribe to the app for free through Refinitiv’s App Studio.
“With the unprecedented increase in market volatility across global financial markets in recent months, the Bank of China’s DeepFX application is a timely and practical tool to empower users with the insights they need to navigate the turbulent FX landscape,” said Nicole Chen, Head of China at Refinitiv. “We are pleased to see Bank of China leveraging our platform to showcase their AI technology and financial expertise for customers. We certainly look forward to having more financial institutions take advantage of our open platform to build out their service offerings in China.”
Late last Friday, Capital Markets research and consulting firm Tabb announced that it had closed.
In a note sent to clients it stated that the Coronavirus “…has eliminated Tabb’s ability to produce industry events and conferences—a major source of its revenue. These forces have made it impossible for Tabb Group to deliver its high-quality research and services to its valued clients, while compensating its staff appropriately.”
Tabb Group operated for 17 years. The company is now looking to sell its assets.