News In brief
CME trading nears record
The Chicago Mercantile Exchange (CME) last Thursday (February 28) posted its second-highest day of e-FX options trading in terms of number of contracts and notional value.
The CME said 35,308 contracts were traded that day, 1,917 contracts short of the daily record of 37,225 set on February 22. The contracts equated to a notional value of $5,056,338,230, $18.45 million short of the daily record of $5,240,855,911 set on February 22.
The CME attributed the activity to yen
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
