Third quarter volume figures from the big four exchanges
showed a continuing gulf between the old world and the
new, with growth continuing apace in the US while Europe
appeared to have peaked for the time being.
Chicago Board of Trade announced that total exchange
quarterly volume had expanded sharply compared to the same
period in 2003, reaching its second-highest level ever.
Third quarter volume came in at just under 151.5m contracts,
up 17.9% on Q3 2003. Year-to-date volume was up 31.6% on the
same period in 2003 while volume in September reached its
second-highest ever level at a whisker over 55m contracts, up
34.1% from September 2003.
The exchange's US Treasury markets continued to prosper,
with daily open interest records in ten-year and two-year US
T-Note futures. 28 September saw open interest in the ten-year
contract rise to a fraction over 1.6m contracts while on the
first of the month open interest in the two-year future hit
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