CME FX up 50%

Last month saw average daily FX volumes of over 157,000, and the exchange expects volumes to continue growing as more firms use its Globex e-trading portal as a result of slashed trading fees.

CME chairman Terry Duffy said: "We reached new quarterly volume records in our FX, interest rate and equity product groups. We continue to leverage Globex’s growth with a number of initiatives to attract new users to our electronic markets." Duffy said Globex FX volume was up 152% in Q1 2004 based on the

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