Chicago Mercantile Exchange (CME) currency futures hit a record volume in March, and it appears the product sector is well on its way back to prominence at the exchange.
Aided in large part to side-by-side trading on Globex and the pits, the currency futures sector averaged 160,009 contracts per day in March, up from to 122,805 in 2002. And in the first quarter average daily fx volumes reached 126,535 contracts, up from 96,032 in Q1 2002. The fx futures volume record of 3.1m in March included new records in Euro fx futures which hit 977,919; Canadian dollar futures 475,496; and Australian dollar...