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CME Group, the world’s leading and most diverse derivatives marketplace, announced a Eurodollar futures record volume day with 6,880,382 contracts traded on Sept. 17, 2014, exceeding the previous record of 6,039,753 contracts, which occurred on March 19, 2014. The record day raised the bar by 13.9% from the previously held record.
This record followed the September Federal Open Market Committee (FOMC) meeting where the Federal Reserve issued a statement that policy rates will be held within a range of zero to 25 basis points for a considerable time following the completion of the asset purchase program. Volume was evenly spread across the White, Red and Green contracts.
Eurodollar futures and options combined reached 8,463,031 contracts, its third highest day overall. In addition, CME Group also cleared $300 billion in Interest Rate Swaps, the second highest day of all time