Chicago Board of Trade (CBoT)'s volume growth continued in
April as the exchange experienced its second consecutive record
trading month. April trading was up 75% on last year at over
53.5m, as average daily volume rose to 2.5m. April records
included five-year Treasury note futures reaching 7.8m,
ten-year Treasury note options climbing to a 6.4m best and a
total daily open interest record of 12m contracts on 21
Across town, Chicago Mercantile Exchange (CME) also reported
record activity, average daily volume in April totaling 3.3m, a
44% increase on April 2003 and the second month in a row that
the figure has exceeded 3m. Interest rate futures and options
on futures contracts experienced record volume nearing 2m
contracts per day, bettering April 2003 figures by 67%. E-Mini
contracts' average daily volume was up 21% compared to the same
period last year, at almost 1.1m. The exchange's electronic
platform Globex posted a record average of 1.6m contracts per
day, up 62% on the same period last year as total CME April
volume ran to over 70m.
Across the Atlantic, Euronext Liffe volume totalled just short
of that figure, the exchange's busiest April racking up a score
of 69.9m contracts traded. With average daily volume at 3.5m,
the result represented a 38% hike over last April. Year to
date, the exchange is 32% up on the same period last year. The
strongest performance came from equity products, up 60% on
April 2003 at over 30m, out-trading STIRS' 26m contracts.
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