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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.