FOi - Futures and Options Intelligence


CME achieves highest volume since crisis; FX volumes grow 82% 03 Mar 2010

CME Group's trading volume in February was the highest for any month since October 2008 - just before derivatives activity slumped as the financial crisis hit traders. Average daily volume in February was 12.5m contracts, 17% more than last February. Total volume was 238m contracts.Chiefly responsible for the improvement was a revival of CME's interest rate products. Interest rate volume rose 37% year-on-year to 5.7m contracts a...


“We are increasingly seeing the LME price referenced in the market for scrap and reinforcing bar”

Lotta Ulfsdotter, business manager for steel at the LME, says the exchanges steel billet futures are catching on in the industry