The movement of Eurodollar contracts to the screen continued
apace last week with records set on both Chicago Mercantile
Exchange (CME) and Euronext Liffe.
CME reported that its Globex platform saw a record 1,193,132
contracts traded on 15 June, 52% of the total Eurodollar volume
at the exchange. So far in June, Eurodollar volume on Globex
averaged 649,135 contracts per day, an increase of over 500%
since January. The previous day, Eurodollars on Liffe reached a
record open interest of 92,418, continuing the contract's trend
as the fastest growing in the history of the exchange, Liffe
As reported last week's issue, the increase in screen
trading has had a negative impact on volumes at Singapore
Exchange, CME's mutual offset partner. And it looks as though
CME traders are facing up to the fact that the days of the pit
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