Trading volume on CME Group was up 13% in October 2008 against the same month a year ago, bolstered by strong activity in stock index futures. But the CME’s interest rate complex fell for the sixth month in a row.
The exchange group’s average daily volume in October was 12.5m contracts, up from 11.06m in October 2007, the CME reported on Tuesday November 4.
But CME’s interest rate contracts, its biggest complex by volume, was 18% quieter in October than a year earlier, at 4.56m contracts a day.
This is now a six month trend. September was the CME’s second largest volume month ever, but interest rate trading was 1% down year-on-year, at...