January will be an interesting month with a Greek election and an ECB decision on QE
With the largest
exchanges reporting their December and annual volumes, it's
time we have a quick recap on 2014 and look a head to
For the derivatives
industry 2014 stood out as the year of returning volatility. In
recent years the Fed’s quantitative easing (QE)
programs have been keeping markets stable and boosting asset
prices. But the lack of volatility had left derivatives markets
relatively subdued; at least until the Fed’s
decision end QE in October.
The spike in volatility
was a boon for the derivatives market with a strong end of year
driving many exchanges to all-time highs.
The two dominant
derivatives market operators, CME and ICE, had contrasting
years. ICE was down 16% annually, CME had one of its busiest
years to date with trading volumes up 10%.
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