The firm’s overall average daily notional value for June was US$931 billion, up 19 per cent year-on-year, according to John Edwards, global head of BrokerTec, CME Group
This was driven by a 30 per cent YoY spike in GC Pooling average daily term-adjusted volume to €213.4 billion, and a 27 per cent YoY jump in special repo
In the US, growth was driven by the lasting effects of the Fed’s balance sheet unwind, combined with balances still remaining relatively low at the reverse repo facility
