US exchange group CME experienced its most active February of all-time last month, with an average of 15.8 million contracts trading per day.
The spike was driven largely by activity in its interest rates segment, which has continued to grow substantially over the last six months.
An average of 8.7 million rates contracts were traded during the month, up 27% from the same period last year.
Eurodollar and treasury futures saw a large boost in volumes, with trading rising 38% and 20% respectively year-on-year.
Intercontinental Exchange’s (ICE) activity was down 6% year-on-year as its European short-term interest rates products continue to struggle to reach the heights of previous years.
Short-term interest rates trading was down 31% from last year on ICE Futures Europe, which lists the contracts previously listed on Liffe.
Trading in equity derivatives also dropped year-on-year by 24%. This was in stark contrast to German exchange Eurex, which posted a rise in activity in both its single stock and equity index derivatives segments, as reported by theTRADEnews.com earlier this week.