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CME Reports Increase in FX Volume in February

The Chicago Mercantile Exchange (CME) reported that foreign exchange volume in February 2007 averaged 508,000 contracts per day, 3% higher than in January 2007 and up 38% compared with February 2006.

Electronic foreign exchange volume averaged 457,000 contracts per day, up 45% compared with the year-ago period, the exchange said last week.

Overall on the exchange, February volume averaged 6.0 million contracts per day, up 27% from February 2006. Total monthly volume was 115 million contracts, which was down from the 116 million contracts in January this year. 

Volume on the CME Globex electronic trading platform increased 40% from February 2006 to average a record 4.6 million contracts per day, representing 76% of total exchange volume. This was up from the 4 million contracts that were traded per day in January.

Total options volume was 1.2 million contracts per day, up 4% from February 2006.  Electronic options volume averaged 162,000 contracts per day for the month, up 104% from the same period a year ago, and represented 13% of total CME options volume.

CME total interest rate volume averaged 3.5 million contracts, up 22% from the same period a year ago. 

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