NYMEX Gold Futures Sets Electronic Trading Volume Record

Gold futures trading set a record during the September 27 session on the New York Mercantile Exchange ACCESS® electronic trading system when 6,785 contracts were traded, surpassing the previous record of 3,780 contracts traded on May 7, 1999. Total futures trading for the COMEX Division also reached a record with 7,975 contracts traded last night, exceeding the previous record of 4,883 contracts traded on May 7, 1999. Exchange President R. Patrick Thompson said, "This record demonstrates the expanded activity in the gold futures market, using the contract around the clock as a tool for global price discovery and risk management."