Also, open interest in Eurodollar futures rose to record levels for the fourth consecutive day, beginning on Nov. 7 with 4,959,115 positions and reaching 5,019,574 yesterday. Open interest is the number of futures and options contracts outstanding at the close of trading each day.
Prior to yesterday's new open interest record, the previous records were set on Nov. 9 at 17,246,927 exchangewide and 5,011,875 for Eurodollar futures.
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 currencies and agricultural commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $28.4 billion in collateral deposits.
