CME Group’s EBS Spot FX ADNV Jumps 30% to $76.3 Billion in September

The average daily notional value (ADNV) of spot forex traded on the Chicago Mercantile Exchange (CME) Groups Electronic Broking Services (EBS) jumped by 30% to $76.3 billion in September 2022.

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The ADNV also rose by 31% year-on-year (YoY) last month from the $58.2 billion recorded in September 2021.

These figures are contained in details shared with Finance Magnates and the September 2022 market data released by CME Group on Tuesday.

The EBS is a wholesale electronic trading platform for forex trading with market-making banks and is owned by the CME Group.

‘Strong Overall Performance’

According to Jeff Ward, the Global Head of EBS, forex spot average daily volume (ADV) on the EBS Market G3—which accounts for forex trades in US dollar, Japanese yen and euro—shot up by 34% month-on-month (MoM) and 49% YoY.

Jeff pointed out that the USD/JPY pair was particularly strong during the past month as the pair marked its largest day since November 2016 on the EBS Market on September 2022.