Billion with a “B”

Posted by Scriptaty | 1:14 AM

The Chicago Mercantile Exchange traded more than $100 billion worth of notional value in foreign exchange futures and options when it set a daily record June 13 with 892,416 contracts traded.

The total surpasses the previous record, set on Dec. 12, 2005, by more than 20,000 contracts. Average daily volume in May was 501,000, accounting for a notional value of $63.5 billion and up 69 percent from a year ago.

The CME has already almost surpassed total volume from last year, when the exchange traded more than 51 million forex contracts.

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