CME Group’s trading volumes could hinge on government rescue efforts
Thursday, January 29, 2009 : PermalinkChicago Tribune – Government attempts to revive the economy could decide what happens to trading volumes at CME Group Inc.
A $1 trillion federal deficit could flood the market with enough government bonds to stabilize volumes, while a Federal Reserve policy to spur borrowing by keeping interest rates near zero could slice further into volumes at the Chicago-based exchange operator.
U.S. Treasury bonds and other interest rate futures represent about 40 percent of the 7.63 million contracts traded daily this month at the CME Group’s Chicago Mercantile Exchange and Chicago Board of Trade.
Tags: chicago board of trade, chicago mercantile exchange, chicago tribune, contracts, economy, exchange operator, federal deficit, federal reserve policy, federal-reserve, government bonds, interest rate futures, interest rates, trillion, u s treasury bonds, u-s-treasury
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