The Chicago Mercantile Exchange Group (CME) reported a fall in trading volumes to 10.7 million contracts per day in April 2012, the company said in a press release this week.
Volumes were down by 12% from April 2011. Total volume for April was more than 225 million contracts, of which 85% was traded electronically.
Open interest at the end of April 2012 reached 91 million contracts, up by 16 % from the end of 2011.
CME Group metals volumes averaged 329,000 contracts per day in April 2012, down by 23% from 424,000 contracts compared with the corresponding period last year.
CME operates OTC swap contracts for iron ore, as well as coking coal, billet, ferrous scrap, and hot rolled derivatives.