CME Daily Trading Volume Up in September, ICE Sees Decline -- Update
--CME daily trading volume up 10% in September
--CME's interest-rate futures volume jumps 32%
--ICE daily trading volume down 1%
(Adds details from IntercontinentalExchange in paragraph one, seven and eight. Adds share price in final graph. )
By Tess Stynes
CME Group Inc.'s (CME) daily trading volume rose in September and the third quarter, driven by strong growth in
interest-rate futures, while rival exchange operator IntercontinentalExchange Inc. (ICE) reported trading volume
Concerns about the future of the Federal Reserve's bond-buying program have contributed to increased market volatility
in recent months.
Daily volume at the world's largest futures market operator averaged 13.1 million contracts last month, up 10% from
Daily volume for interest-rate futures averaged 6.6 million contracts a day, up 32% last month from a year earlier.
Treasury futures volume grew 16% and Treasury options volume climbed 45%, while Eurodollar futures volume increased 31%,
while Eurodollar options volume soared 91%.
Daily volume also was higher for the third quarter, averaging 12 million contracts a day, up 11% from a year earlier.
Average daily interest-rate futures volume grew by 29%. Treasury futures volume was up 20% while Treasury options volume
IntercontinentalExchange, meanwhile, said its average daily volume was 3.22 million contracts during September, down
3% from a year earlier. Declines in its energy and financial futures and options offset growth in agricultural products,
which was driven by a 36% jump in sugar futures and options. Declines in natural-gas futures and options volume
continued to weigh on its energy segment, masking growth in its oil product line of 3%.
For the third quarter, average daily volume was down 1% to 3.06 million contracts.
Class A shares of CME closed Tuesday at $74.80 and were inactive premarket. The stock is up 48% this year.
ICE shares closed Tuesday at $183.93 and also were inactive premarket. They are up 49% this year.
Write to Tess Stynes at email@example.com
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