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CME Group, the world's largest and most diverse exchange, experienced record electronic volume yesterday in its benchmark Eurodollar futures contract with 5,246,828 contracts trading on CME Globex®, the exchange's electronic trading platform. The previous electronic record of 4,962,178 Eurodollar futures was set on February 27, 2007.
Also within the Interest Rate Product group, the 30-day Federal Funds futures and options on futures achieved new volume records on Thursday as 376,389 contracts traded. The 30-day Federal Funds product complex also set a new high mark for electronic volume at 326,424 contracts. The two previous records for the 30-day Federal Funds complex total and electronic volume were 343,882 and 279,258, set respectively on June 29, 2006 and August 8, 2007.
In the exchange's Equity Index Product group, Mini-sized Dow Jones(SM) ($5) futures and options set both total and electronic volume records with a total of 350,467 contracts traded. Futures trading accounted for the majority of his activity with 348,948 contracts traded. The previous records of 347,719 contracts and 345,352 contracts were both set on July 26, 2007.
For the first time, NYMEX on CME Globex volume surpassed 1 million contracts a day with 1,039,413 futures and options traded, breaking the previous record of 993,324 set on July 26, 2007. Comex copper traded a record 21,175 contracts.
