Indiana Grain Company, LLC

Posted: 03/03/10

By: tomgrisafi

CME Group, which operates the CME Globex electronic trading platform and its trading facilities in New York and Chicago, said its total volume in February was 238 million contracts. A record 85 percent of these were traded electronically, it said.

CME (Chicago Mercantile Exchange) said its average volume in February reached 12.5 million contracts a day, up 17 percent from a year ago. Electronic volume averaged 10.5 million contracts per day, up 23 percent.

Meanwhile, IntercontinentalExchange said Tuesday it achieved record volume of trading in futures contracts in February, beating its previous monthly record by 6%.

ICE, which operates futures exchanges, clearing houses and over-the-counter markets, said total futures volume in February 2010 reached 26 million contracts. Its previous high-water mark was September 2009, when it handled 24.5 million contracts.

Average daily volume was 1.4 million, up 39% compared a year earlier. ICE said that represented a second straight monthly record in average daily volume.

ICE Futures Europe also set a monthly volume record of 17.0 million contacts, and its second consecutive average daily volume record with 893,151 contracts, up 46% from February 2009.

Average daily volume in the U.S. was 458,107 contracts.

Source: Wall Street Journal

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