New Volume Records Set In CME'S E-mini Equity Index Contracts
Date 10/02/2000
Continued volatility in the U.S. stock market fueled new trading volume records yesterday in the Chicago Mercantile Exchange's E-mini S&P 500®and E-mini Nasdaq 100® contracts.
Volume in the E-mini Nasdaq 100 totaled 19,889, besting the prior record of 17,930 set Jan. 25 by nearly 2,000 contracts, or roughly 11 percent.
Volume in the E-mini S&P 500 was 77,390, edging past the prior record of 77,208 set on Jan. 20.
Both the E-mini S&P 500 and E-mini Nasdaq 100 contracts are one-fifth the size of the main index contracts, with the E-mini S&P 500 equal to $50 times the index and the E-mini Nasdaq 100 equal to $20 times the index. Both contracts are traded virtually around the clock on the CME's GLOBEX®2 electronic trading system, from 3:45 p.m. to 3:15 p.m. the following day.
