The Chicago Mercantile Exchange set a new volume record in its CME Euro FX futures yesterday of 211,929 contracts, representing a notional value of $34.3 billion.
The previous record for CME Euro FX futures was 210,094 contracts set on Dec. 8, 2004. The portion of CME Euro FX futures traded on the exchange’s CME(R) Globex(R) electronic trading platform was also a record at 199,201 contracts, and represented a notional value of $32.2 billion.
The market also showed strong interest in CME’s new Euro FX and Japanese yen options contracts, with European-style expiration, which were launched earlier this month. Open interest in the Yen options was 1,537 positions and 467 for the Euro FX options. Open interest reflects the total number of contracts that have not yet been offset or fulfilled for delivery.