CME Daily Trading Volume Up in September, 3rd Quarter
By Tess Stynes
CME Group Inc.'s (CME) daily trading volume rose in September and the third quarter, driven by strong growth in interest-rate futures, its largest product by that metric.
Concerns about the future of the Federal Reserve's bond-buying program have contributed to increased market volatility in recent months.
Daily volume at the world's largest futures market operator averaged 13.1 million contracts last month, up 10% from September 2012.
Daily volume for interest-rate futures averaged 6.6 million contracts a day, up 32% last month from a year earlier. Treasury futures volume grew 16% and Treasury options volume climbed 45%, while Eurodollar futures volume increased 31%, while Eurodollar options volume soared 91%.
Daily volume also was higher for the third quarter, averaging 12 million contracts a day, up 11% from a year earlier. Average daily interest-rate futures volume grew by 29%. Treasury futures volume was up 20% while Treasury options volume surged 53%.
Class A shares of CME closed Tuesday at $74.80 and were inactive premarket. The stock is up 48% since the start of the year.
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(END) Dow Jones Newswires 10-02-130814ET Copyright (c) 2013 Dow Jones & Company, Inc.