CME FX open interest reached 4,410,167 futures and options contracts on Sept. 4, setting a record for the exchange’s currency derivatives complex, CME Group (NASDAQ: CME) said.
The total exceeded the prior peak of 4,269,622 contracts recorded on June 11, according to CME Group’s announcement.
CME FX Open Interest Record Follows Broader Participation
CME said the number of large open-interest holders in its FX futures rose to 1,446, an all-time high, citing the Commodity Futures Trading Commission’s Aug. 25 Commitments of Traders report. The exchange also said asset managers’ FX futures notional open interest exceeded $200 billion for the first time.
Paul Houston, CME Group’s global head of FX products, said the figures reflected demand among buy-side clients for futures’ capital efficiency, transparency and central clearing. He said clients were using the contracts to manage exposures across both major and emerging-market currency pairs.
The figures were disclosed by CME Group and have not been independently verified by Global Macro News.
