Tocom, Euronext and Icap are the latest to report strong trading in February
The Tokyo Commodity Exchange, Europe's
Euronext and British broker Icap are the latest exchanges to
report strong trading growth in February.
The Tokyo Commodity Exchange (Tocom) said
Thursday its average daily volumes hit last month 128,910
contracts, a 34.5 per cent increase compared to the 108,923
contracts traded in the same month of last year.
The exchange’s gold standard
contract volumes rose to 46,410 contracts, up 40.6 per cent,
recording both highest monthly volume and the highest daily
average volume in February. The exchange attributed the sharp
increase in its gold volumes to the market shifting to
safe-haven assets following lower expectation for US rate hikes
and a decline in stock prices.
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