CME FX sets new e-trading record with $30bn FX futures contracts in trade
29 October 2004 | 399 views | 0
CME, the largest U.S. futures exchange and the largest regulated foreign exchange marketplace, announced that on Wednesday, October 27 the exchange set a new trading volume record of 226,405 contracts in its electronic foreign exchange (eFX) market on CME Globex(R).
Wednesday's volume was up four percent from the previous eFX volume record of 217,683 set on September 10, 2004, and represented $30 billion in notional value.
CME's Euro currency volume on CME Globex also established a new record with 126,479 contracts traded, surpassing the previous record of 110,605 contracts traded on June 9, 2004, and represented euro 16 billion ($20 billion) in notional value.
Through the end of September, trading in CME's eFX market has more than doubled from last year and is up 118 percent. CME's FX futures market provides users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 36 individual FX futures and 21 options on futures products. In 2003, more than 34 million FX contracts with a notional value of $3.7 trillion were traded at CME.