CME: Record Trading In S&P Futures Tuesday
August 10 2011 - 10:15AM
Dow Jones News
CME Group Inc. (CME) reported that Tuesday's market swoops drove
record trading activity in its electronic futures on the Standard
& Poor's 500 stock index.
More than 25.7 million e-mini S&P futures changed hands
Tuesday as the contract price at one point hit its lowest level in
a year before investors rallied behind the Federal Reserve's
commitment to keep rates near zero until mid-2013.
"All that energy in the markets took us to extremes," said Frank
Lesh, a broker with Futurepath Trading in Chicago. "And a lot of
speculators wanted in on the action."
-By Jacob Bunge, Dow Jones Newswires; 312 750 4117;
jacob.bunge@dowjones.com
--Howard Packowitz contributed to this article.
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