I always thought it was based on price discovery and volume.
First lesson ever learned about trading is the markit is always right.
CME Group Volume Falls 40% in August Versus Last Year
05 September 2012, 9:07 a.m.
By Kitco News
kitco.com
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(Kitco News) - Trading volume at the CME Group averaged 10.3 million contracts per day in August, down 40% year-over-year, the exchange said on Wednesday.
Total volume was 237 million contracts traded, the exchange said. The CME Group also noted that the August 2011 volume was an all-time record.
Metals volume was 290,000 contracts traded in August, down 44% from August 2011’s level of 522,000 contracts.
For its biggest product, interest rates, volume averaged 4.7 million contracts per day, down 41% from August 2011. CME Group equity index volume in August 2012 averaged 2.0 million contracts per day, down 58% from the same period last year. Foreign exchange volume averaged 731,000 contracts per day, down 26% from August 2011.
CME Group energy volume averaged 1.6 million contracts per day in August 2012, down 15% versus a year ago and agricultural commodities volume in August averaged 1.0 million contracts per day, up 2% compared to the prior-year period.
By Debbie Carlson of Kitco News dcarlson@kitco.com |
