CME Establishes Single-Day CME Eurodollar Interest Rate Volume Records

CME, the largest U.S. futures exchange, reported record electronic, combined (electronic and trading floor) and electronic options trading volume in its benchmark CME Eurodollar interest rate product during the Friday, May 6 trading session.

A total of 3.4 million CME Eurodollar futures contracts were traded Friday, including 2.9 million contracts traded on CME Globex, the exchange’s electronic platform that operates virtually 24 hours every trading day. In addition, CME traded a record 99,582 CME Eurodollar options electronically.

The new records eclipse the prior total of electronically traded CME Eurodollar volumes of 3.2 million and 2.4 million, which were set on May 7, 2004, and April 1, 2005, respectively. The previous record of electronically traded CME Eurodollar options was 89,886, which occurred on April 18, 2005.