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CME Group daily trading volume falls to 11m contracts in April

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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.

Stacy Irish
sirish@metalbulletin.com
Twitter: @stacyirish_mb

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