CORRECT: CME: Record Trading In Futures, Options Tuesday
August 10 2011 - 10:41AM
Dow Jones News
CME Group Inc. (CME) reported that Tuesday's market swoops drove
record trading activity in its electronic futures and options
markets.
More than 25.7 million contracts changed hands on CME's markets
Tuesday as the contract price of its electronic futures on the
Standard & Poor's 500 stock index 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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