Electronic trading volume on CME’s GLOBEX2 system yesterday set a single-day record of 286,628 representing 13.6 percent of total volume. CME equity index products also set a new daily record of 250,668. E-mini Nasdaq 100 futures volume reached a new high, with 115,139 contracts changing hands as the index posted its greatest single-day upward price move. The previous record for GLOBEX2 was 263,277 on Nov. 30, 2000; for index products the record had been 233,611 on Nov. 30, 2000; and for E-mini Nasdaq 100 the earlier mark was 105,721, also on Nov. 30, 2000.
In addition, CME’s Clearing House successfully moved more money than ever before through the banking system during the course of its regular daily mark-to-market settlement procedures—$6.4 billion. The greatest sum previously transferred for a single trading day was $5.2 billion on April 14, 2000.
The Fed’s move also triggered the second highest level of trading volume for CME’s interest rate products, including its flagship Eurodollar futures contract; yesterday’s 1,551,454 interest rate product total included 1,285,677 Eurodollar futures. The record was also set on Feb. 4, 1994, when 1,680,276 interest rate products changed hands, including a record 1,335,000 Eurodollars.
The burgeoning trading volume comes as the exchange completed the busiest year in its history, trading more than 231.1 million contracts with an underlying value of $155 trillion in 2000.
