Chicago Mercantile Exchange (CME) has confirmed an extension of its existing agreement with Standard and Poor's (S&P), which provides the exchange with exclusive rights to offer futures and options on the S&P 500 Index (see FO Week Vol 10 No 41) until 2017. Trading of CME S&P 500 futures and CME E-Mini S&P 500 futures represented more than $65bn of notional value per day. Year-to-date average daily trading volume of CME E-Mini S&P 500 contracts stood at 790,411 per day, up 17% year-on-year.
Boston Options Exchange (BOX) set a new single session trading volume record, of 649,875 contracts, on 19 October. The figure represented the first time trade volume had risen above 600,000 contracts in a single session. The previous record of 563,004 contracts was set on 6 October. The Boston exchange also announced that average daily volume for...