Rochester, NY 8/5/2009 10:11:01 AM
After Hours - CME Group Inc. CME, Company's July volume Declines 25 percent
CME Group Inc.
CME Group Inc , the world's largest derivatives exchange announced last Tuesday that the company’s futures and options trading in fell 25 percent on the year. This is due to the weakness in interest rate and equities trading.
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CME is also facing competition from upstart exchange ELX Futures LP, which launched on July 10 and has built a small but tangible presence in U.S. Treasury debt futures.
In a statement, CME said that credit and lending markets "continued to stabilize" in July, helping to keep interest rate trading above levels seen in the first quarter of 2009.
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