Increases across the board in another bumper year for futures
The world's largest derivatives exchanges reported yet
another year of strong volumes. Notable highs were experienced
in Chicago as Chicago Mercantile Exchange (CME) achieved its
sixth consecutive record year, whilst Chicago Board of Trade
(CBoT) recorded the best trading year in its history.
Trading across the Atlantic was also robust with Eurex
posting a 17% increase year-on-year. Volume levels at Euronext
Liffe were also expected to be up on 2004 despite low
volatility in the early half of the year.
CME announced total volume of 1.05bn, up from the 787m
contracts traded the year before. Meanwhile, average daily
volume stood at nearly 4.2m contracts, a 34% increase from a
Across town, CBoT's record year saw a total of more than
674m contracts traded, representing a 12.4% increase on 2004.
Average daily volume at the exchange also climbed to record
levels at 2.7m contracts per day.
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