Volume growth continued unabated on Chicago Board of Trade
(CBoT) in May, the exchange producing a third consecutive
monthly best, driven by strong Treasury volumes.
CBoT posted a May total of 55.1m contracts, up 25.9% from
May 2003. Year-to-date volume is up 44.7 % on last year.
This included CBoT's two best single sessions ever - 4.4m
contracts changing hands on 7 May and 4.2m trading on 27
Neighbouring Chicago Mercantile Exchange (CME) saw volume
dip to 70.1m from April's 71.3m. Average daily volume continued
to trend upwards, however, reaching 3.4m contracts, up 32 % on
May last year and marking the third consecutive record average
daily volume month, all of which have exceeded 3m contracts per
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