Forecast volatility to drive US futures trading volume record

US futures trading volume on track for record year, according to data from TABB Group.

Market volatility forecast for the final quarter this year is expected to drive US futures trading volumes to an annual record of 3.4 billion contracts, according to the latest data from TABB Group.

The third quarter was slower than expected as a result of the US presidential election, which brought third quarter volumes down to 2015 levels.

In the third quarter, futures trading in the US totalled 834 million contracts, down over 5% from the second quarter this year.

TABB Group explained a hike in interest rates and the election result will drive volatility in the fourth quarter this year, so annual volumes for US futures trading are set to reach 3.4 billion contracts.

US swap futures saw a mixed third quarter this year, as Eris Exchange reported a 71% soar in volumes, whereas CME saw a slight increase in volumes of 1%.