CHICAGO, Nov. 29, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced a record in daily trading volume for COMEX Gold Futures. These contracts are listed by and subject to the rules of COMEX.
On November 28, COMEX Gold Futures reached a record daily volume of 486,315 contracts, surpassing the previous record of 484,721 set on May 29, 2012.
"Our Gold Futures contract continues to be the most liquid and transparent benchmark in the global gold marketplace," said Harriet Hunnable, Managing Director, Metals Products, CME Group . "This record volume is indicative of investors' reliance on gold futures to manage their exposure to changing world events as well as supply and demand factors in the metals marketplace."
CME Group has shown robust activity across many metals products this week which has pushed average daily volume (ADV) for its metals complex above 415,000 contracts so far in November, marking the second time this year that monthly ADV has edged higher than 400,000 contracts.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex ® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group