Chicago Mercantile Exchange Brazilian Real Volume Soars Amid Increased Market Uncertainty

Trading volume in Brazilian Real futures on the Chicago Mercantile Exchange (CME) surged during the past two weeks in the wake of the Brazilian Central Bank's decision to allow the currency to float based on market conditions. Daily trading volume since January 13 has averaged 1,812 Brazilian real futures, compared to average daily volume of 315 in 1998.