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ICE Futures U.S., a leading regulated U.S. futures exchange for global agricultural, equity index and currency markets, reported record daily volume in its U.S. Dollar Index (USDX) futures contract of 54,626 contracts on Friday, December 4, surpassing by 15% the previous record of 47,545 contracts established on September 10, 2008. The notional value of USDX contracts traded on December 4 was $3.9 billion.
"As currencies of major global economies continue to fluctuate based on varied forecasts for recovery, we are seeing substantial new interest in trading U.S. Dollar Index futures," said Ray McKenzie, Vice President of U.S. Futures Product Sales at ICE Futures U.S. "Only USDX futures offer sufficient liquidity and efficiency for hedging moves in the value of the U.S. dollar relative to a basket of world currencies in a single transaction."
Introduced in 1985, the U.S. Dollar Index is the leading global benchmark for the international value of the U.S. dollar. The futures contract on the USDX is the world's most heavily traded currency index futures contract. USDX futures are traded 22 hours a day exclusively on the ICE trading platform.
Real-time prices for USDX futures are available at no cost on the ICE website following a one-time registration.
