Yesterday’s GLOBEX Eurodollar volume represented 52 percent of CME’s total Eurodollar volume of 2,302,427, marking the second time in recent weeks that the percentage of electronically traded Eurodollars exceeded 50 percent of total contract volume during a single trading session.
For the month of June, Eurodollars on GLOBEX volume has averaged 649,135 contracts per day, an increase of over 500 percent since January.
CME’s total volume on Tuesday of 5,206,959 was the fifth busiest, non-TRAKRSTM launch date in the exchange’s 106-year history and the fifth time this year that volume exceeded 5 million contracts, excluding launches of non-traditional TRAKRS contracts.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in theUnited States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in the first quarter of 2004 and managed $38.1 billion in collateral deposits at March 31, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
