Bollocks To The Hungry - I Want A Speedboat

Posted by Nogger - a legend in his own mind at 15:11 | Categorized as

02/09/11 -- The CME gleefully report that August was an all-time record month for volume on the exchange with 393 million contracts trading, of which 84 percent was traded electronically.

That's 17.1 million contracts a day, up 46 percent from August 2010 they gush, whilst extolling the virtues of the vital liquidity that they provide "during times of high market volatility."

They don't mention any of this in their press release though: Secret Exemptions Allowed Speculators to Distort Futures Markets