CME sees record electronic forex trades

Electronic foreign exchange trading on the Chicago Mercantile Exchange's (CME) Globex platform has exceeded 100,000 contracts a day for the first time.

On Tuesday, 112,780 trades were conducted electronically, said the CME. This figure is approximately double the average daily trades for the year, which stands at 57,086. This figure rises to 222,933 when pit and privately negotiated foreign exchange trades are taken into account.

The euro and Swiss franc futures contracts also set trading records on Tuesday of 56,963 and 12,616 trades respectively.

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