International derivatives market CME Group announced today that Mexican peso futures and Brazilian real FX futures hit all-time average daily volume (ADV) and open interest (OI) records in 2023.
Increased trading results in deeper liquidity and broader customer participation, which in turn reinforces reliance on these markets as the primary source of price discovery for the broader foreign exchange market.
LatAm FX Futures Trading Highlights 2023 include:
- Mexican peso futures reached a record $1.8 billion in notional equivalent ADV.
- Brazil futures hit a record $300 million in notional equivalent ADV.
- CME Group’s LatAm FX futures pool set 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).
“Continued economic growth in Mexico and Brazil 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 generating and maintaining stable liquidity that will support the long-term growth of online forex markets in Latin America.”