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CME Records New Daily Transaction Record, Fortress Hires MD for Singapore

By:
FX Empire Editorial Board

CME Group reported that transactions touched a new daily record on Wednesday, with 39.6 million contracts executed. This erased its previous record of 27

CME Records New Daily Transaction Record, Fortress Hires MD for Singapore

CME Group reported that transactions touched a new daily record on Wednesday, with 39.6 million contracts executed. This erased its previous record of 27 million contracts set in May 29th, 2013, representing a gain of 47 percent.

Trading volumes of the company’s Globex platform used for trading options and futures posted 35,067,597 contracts, beating its earlier record of 23,537,737 that it recorded in May 29, 2013.

Volatility in the bond markets rose as analysts speculated the Federal Reserve may not raise interest rates soon.

A combined sum of interest rate options and futures touched 25,088,750 contracts, beating its earlier record of 19,417,635 that was recorded in May 29, 2013. Eurodollar futures trades rose to 11,532,544, exceeding the former record of 6,880,382 that was achieved on Sept. 17, 2014. The total options that were traded on the exchange were 7,281,248, beating the previous record high of 5,933,963 that was attained on June 24, 2013.

Meanwhile, Fortress Investment Group has hired Jim Conklin as the Managing Director, Singapore. Conklin previously worked at QFS Asset Management in various senior roles such as Partner, Chief Information Officer and as a Director of Research. Prior to this, he was also employed at FX Concepts as the Head of Investment Research, dealing in currencies, commodities and fixed income.

Conklin also once worked at Fortress as its Portfolio Manager in 2005-2008, where he dealt in various portfolio classes such as G10 emerging markets and FX. His appointment is the second major one at Fortress since September, when it poached Adam Rosenberg from Goldman Sachs to head its Gamification division.

 

 

 

About the Author

FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.

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