CME Group reports ‘highest daily volume on record’ seen on March 13

CME Group reported its "highest daily volume on record," with 66,250,862 contracts traded on March 13. This follows the company’s fourth highest daily volume on March 10, when 56,433,765 contracts traded, the company noted. "Given the extreme volatility in today’s environment, exacerbated by the recent failures of Silicon Valley Bank and Signature Bank, we are seeing a flight to futures as participants turn to our deeply liquid markets. The importance of risk management cannot be overstated. Our futures and options on futures products are doing what they were designed to do, as investors seek to protect their portfolios amid heightened volatility," said CME Group Chairman and CEO Terry Duffy.