The Chicago Mercantile Exchange (CME) reported February average daily volume of foreign exchange products was 266,000 contracts, representing notional value of $35 billion per day and an increase of 49 percent compared to February 2004. During the month, electronic foreign exchange products increased 83 percent from the same period one year ago to reach 210,000 contracts per day.
The Merc reported that volume for February approached 3.8 million contracts per day, up 50 percent from the same period a year ago and marking an all-time record month. Average daily volume on the exchange’s CME Globex electronic trading platform was 2.5 million contracts, a 106 percent increase from February 2004. Electronic trading represented 66 percent of total CME volume in February, compared with 48 percent in the prior-year period.
Subscribe to:
Post Comments (Atom)
Post a Comment