CME, the largest U.S. futures exchange, set a new volume record yesterday for total foreign exchange futures contracts with 625,912 contracts, worth $72.1 billion in notional value, traded. Total exchange volume for FX, which includes options on futures, was 679,700 with a notional value of $79 billion, also a CME record.
Last month average daily volume for FX futures at CME, the largest regulated marketplace for foreign exchange trading, averaged 224,000 contracts.
Other FX volume records set yesterday include:
- Japanese Yen – 163,582 futures contracts
- Mexican Peso – 63,542 futures contracts
- British Pound on CME Globex – 34,841 futures contracts
- Swiss Francs on CME Globex – 31,027 futures contracts
- Australian Dollar on CME Globex – 24,071 futures contracts
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the first publicly traded financial exchange in the U.S. As an international marketplace, CME brings together buyers and sellers on its trading floors and CME 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 approximately $1.5 billion per day in settlement payments in the first nine months of 2004 and managed $39.8 billion in collateral deposits as of September 30, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
