NEW YORK (Scrap Register): CME Group metals volume averaged 624,000 contracts per day in November 2018, which was down 17% from 749,000 in the same month a year ago, the exchange operator reported.
Still, officials report growth in options trading. Average daily volume in precious metals options increased 27% to 53,000 contracts.
Gold options volume rose 23% to an average of 45,000 contracts daily, while the same for silver was up 65% to 8,000 contracts.
Meanwhile, metals volume averaged 597,000 contracts for the three-month period ending with November.
This was down from 598,000 for the three-month period in October, 623,000 for the three-month period ending in September and 644,000 for the three-month period ending with August.
