CME: Comex Copper Hit Fresh Trading Volume Record
February 10 2012 - 11:58AM
Dow Jones News
Comex copper futures set a fresh record for trading volume
Thursday, exchange-operator CME Group Inc. (CME) said.
The benchmark 25,000-pound copper-futures contract changed hands
109,426 times, surpassing the previous trading-volume record of
98,079 contracts set on Aug. 5, 2011, CME said Friday.
Thursday's trading-volume peak came as Comex copper prices
roared to a five-month high, settling trade at $3.9785 a pound.
By contrast, the previous record was set during a sharp pullback
in copper prices.
Copper for March delivery, the most-actively traded contract,
was recently down 10.90 cents, or 2.7%, at $3.8695 a pound.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095;
tatyana.shumsky@dowjones.com
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