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Wednesday, November 5, 2008

CME Group Oct. volume up 13%

Exchange operator CME Group Inc. said Monday its October trading volume rose 13 percent.
An average of 12.5 million contracts were traded per day, compared with 11.1 million contracts per day during the same month last year. Last year's figures include combined CME Group and New York Mercantile Exchange trading volume.

Earlier this year, CME Group acquired the New York Mercantile Exchange.

Through the first 10 months of the year, CME Group has averaged 13.7 million contracts traded per day, a 10 percent increase from last year.

E-mini equity index volume rose 83 percent to 4.7 million contracts per day, compared with 2.6 million contracts per day during October 2007. E-minis are futures contracts that are benchmarked to popular broad-based stock indices, such as the Standard & Poor's 50 or the Russell 2000.

Interest rate contract volume fell 18 percent to 4.6 million contracts per day from 5.6 million contracts traded per day during the same month last year.

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