$79.5B traded in FX futures and options
$244B in FX open interest
$63.2B traded on EBS*
* Note: EBS total volume excludes FWDs and Swaps
Minimum Price Increment (MPI) reductions of 50-60% in the G5 currency pairs have led to record levels of open interest combined with elevated levels of risk transference during the September roll – with EUR/USD leading the trend, breaking through its open interest barrier for the 10th time in 2020 and reaching more than $121B.
To enable more participants to benefit from improved cost efficiencies, we are reducing the MPI (Minimum Price Increment) in AUD/USD on November 23 from 1.0 to 0.5.
There was a September surge in open interest underpinned by the largest-ever net long positions by asset managers in both EUR and JPY – reaching 1 trillion Yen for the first time against the US dollar.
We’ve listed the following three weekly contracts on G5 currencies early, so participants can manage risk ‒ before and after the US election.
Week 1 Monday option expiring November 2, 2020
Week 1 Wednesday option expiring November 4, 2020
Week 2 Friday option expiring November 13, 2020
BRL (ADV +37.3%), RUB (+29.9%), and ZAR (+50.2%) saw robust growth in YTD average daily volumes vs. 2019.
In a major milestone for the integration of EBS cash and CME listed FX futures, users will be able to see how these two markets compare over time, at top-of-book, and across 11 currencies.