CME posts surge in Q2 forex volumes
Foreign exchange contracts traded on the exchange averaged a daily notional value of $93.8 billion during the quarter, based on a record average volume of 665,143 contracts a day. This is a 26% increase from Q2 2007.
"Continued volatility in the global capital markets has certainly been a contributing factor in our increased overall volumes, but this should help the cash platforms as well," Derek Sammann, Chicago-based managing director of FX products at CME, told FX Week.
CME also closed the
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