UPDATE: CME: Record Trading In Futures, Options Tuesday
August 10 2011 - 11:46AM
Dow Jones News
CME Group Inc. (CME) reported that Tuesday's market swoops drove
record trading activity in its electronic futures and options
markets, topping volumes seen during the May 2010 "flash
crash."
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."
CME on Wednesday reported all-time highs in gold derivatives
trading Tuesday, with more than 500,000 contracts bought and sold.
Australian dollar futures and options traded at CME also set a new
volume record Tuesday.
About 25.3 million contracts were traded on CME's exchanges
during the May 6, 2010 flash crash session.
-By Jacob Bunge, Dow Jones Newswires; 312 750 4117;
jacob.bunge@dowjones.com
--Howard Packowitz contributed to this article.
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