The Chicago Board of Trade announced yesterday that CBOT members set a new daily volume record in the 30-day Federal Funds futures contract yesterday, trading 24,299 contracts. The record was set on the same day as the Federal Open Market Committee (FOMC) meeting, at which the target Federal Funds interest rate is determined for the cash market.
The former daily volume record of 18,887 contracts was set on February 2, 2000, the same day another
FOMC meeting was held.
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