CME Open Outcry Trading Posts Record Day As Eurodollar Futures Volume Continues To Climb

On the heels of the busiest day in its 103-year history, Chicago Mercantile Exchange Inc. (CME) posted record volume open outcry trading, on Friday, Nov. 16. Of the total 3,257,886 contracts that traded on Friday, a record 2,876,878 contracts changed hands through the auction method of trading on CME's trading floors. Overall, Friday was the third time in the exchange's history that volume has surpassed 3 million contracts in one trading session as well as the third busiest day in CME history.

In addition, Eurodollar futures set a volume record, with a total of 1,736,770 contracts changing hands and a record 1,694,595 trading via open outcry.

The previous exchangewide open outcry record was established on Nov. 15, the exchange's busiest trading day, with 3,327,358 contracts changing hands overall and a record 2,843,173 contracts trading via open outcry. The single-day volume record for products traded electronically on GLOBEX®2 was set on Sept. 19, with 622,354 contracts.

In other product news, E-mini Russell 2000 futures, launched on Oct. 24, set its third consecutive day of record open interest beginning on Nov. 14, with 2,249 positions and reaching 2,432 positions on Nov. 16.

Chicago Mercantile Exchange Inc. (www.cme.com) is an international marketplace that brings together buyers and sellers on its trading floors and GLOBEX®2 around-the-clock electronic trading system. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $30.1 billion in collateral deposits.