OTC moves to the exchange? Oh really
Both EBS and the CME have reported that their volumes are continuing to grow, and the expansion last month was greater in the OTC market.
Volume on Icap’s EBS platform increased 22% in October over the same month in 2007 to a daily average of $243.8 billion. The CME’s futures volumes rose by a more modest 4% to a notional value of $72 billion. The exchange also reported a 61% rise in the electronic trading of its option contracts to a daily average of $2.0
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