CME Group Volume declines sharply by 40% y-o-y in August
Metal Recycling News | 2012-09-06 01:36:56
Trading volume at the CME Group averaged 10.3 million contracts per day in August, down 40% year-over-year, the exchange said on Wednesday.
By Paul Ploumis
CHICAGO (Scrap Monster): Trading volume at the CME Group averaged 10.3 million contracts per day in August, down 40% year-over-year, the exchange said on Wednesday.
Total volume was 237 million contracts traded, the exchange said. The CME Group also noted that the August 2011 volume was an all-time record.
Metals volume was 290,000 contracts traded in August, down 44% from August 2011’s level of 522,000 contracts.
For its biggest product, interest rates, volume averaged 4.7 million contracts per day, down 41% from August 2011. CME Group equity index volume in August 2012 averaged 2.0 million contracts per day, down 58% from the same period last year. Foreign exchange volume averaged 731,000 contracts per day, down 26% from August 2011.
CME Group energy volume averaged 1.6 million contracts per day in August 2012, down 15% versus a year ago and agricultural commodities volume in August averaged 1.0 million contracts per day, up 2% compared to the prior-year period.
