Total FX futures and options on futures volume hit 431,481 in Tuesday's trade, surpassing the prior volume record of 369,548 set the previous day. CME FX futures also set a new one-day record with 134,946 contracts trading on CME's GLOBEX® electronic trading platform.
The notional, or underlying, value of FX contracts traded Tuesday was $48.4 billion versus the prior record of $39.1 billion in combined FX notional value traded Monday.
"CME offers the largest regulated FX trading complex in the world, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management," said CME Chairman Terry Duffy. "With the recent volatility in the U.S. dollar and other global currencies, CME's futures and options on futures products on many of the world's leading currencies are serving a growing community of financial managers and traders around the world."
Tuesday's record volume reflected strong, across-the-board activity in many of CME's 31 foreign exchange products. The new individual product total and GLOBEX volume records included:
|
Product |
New Total Volume Record |
New GLOBEX Volume Record |
|
EuroFX |
117,874 |
57,715 |
|
Japanese Yen |
102,127 |
19,659 |
|
Australian Dollar |
52,612 |
10,731 |
Additionally, British pound futures traded on GLOBEX set a new record with 14,808 contracts traded. British pound futures also set a new open interest record with 93,872 contracts.
Total FX product volume at CME in the fourth quarter of 2003 is approximately 50 percent higher versus year-ago levels, reflecting growing volatility in global FX markets as well as the growing popularity of currency futures and options trading on CME's GLOBEX platform, which provides access to trading in most currency products 23 hours a day.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United 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 $1.4 billion per day in settlement payments in the first 11 months of 2003 and managed $34.1 billion in collateral deposits at Nov. 30, 2003. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
