International derivatives marketplace CME Group today announced its Mexican peso and Brazilian real FX futures contracts reached all-time average daily volume (ADV) and open interest (OI) records in 2023.
The increased trading is resulting in deeper liquidity and broader client participation, which in turn, strengthens reliance on these markets as the premier source of price discovery for the broader FX marketplace.
2023 LatAm FX futures trading highlights include:
- Mexican peso futures reached a record $1.8 billion in equivalent notional value ADV.
- Brazilian real futures achieved a record $300 million in equivalent notional value ADV.
- CME Group’s LatAm FX futures complex hit an all-time ADV record of 82,000 contracts (+7.4% year-over-year) and an all-time OI record of 304,000 contracts (+20.4% year-over-year).
“The continued growth of the Mexican and Brazilian economies combined with the current interest rate environment, is driving more clients to trade CME Group FX futures,” said Paul Houston, Global Head of FX Products, CME Group. “As client participation continues to grow, we are focused on building and maintaining consistent liquidity that will support the long-term development of the electronic FX markets in Latin America.”
