The world's largest derivatives exchanges have announced yet
more impressive half-year volume results with June volumes also
up on year-ago levels.
The large gains in volumes seemed to support sentiments
expressed at the recent derivatives conference in London that
trading levels are still set to rise dramatically over the
years to come. At the event, participants predicted that at the
current compound rate the industry will hit the 100bn lots mark
within ten years.
Futures - Chicago
Chicago Mercantile Exchange (CME) traded more than 360m
contracts during the second quarter of the year, taking
year-to-date volume at the end of June to upwards of 660m
contracts. During the quarter, average daily volume stood at a
record 5.7m contracts, up 31% from year-ago levels.
Electronic options were a particular area of success for the
exchange, having more than tripled in average daily volume
year-on-year to 131,000 contracts. Its E-Mini options averaged
a record 50,000 contracts per day, quadrupling from the same
month last year. CME launched an incentive programme in May in
an attempt to drive more Eurodollar options volume on screen
(see FO Week Vol 11 No 16).
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