UNITED STATES February 03 2017 10:11 AM

NEW YORK (Scrap Register): CME Group has announced that January 2017 average daily volume (ADV) reached 16 million contracts per day, down 12 percent from a strong January 2016.

CME Group January 2017 options volume averaged 3.4 million contracts per day, down 19 percent versus January 2016, with electronic options averaging 1.9 million contracts per day, down 5 percent over the same period last year.

Open interest at the end of January was 111 million contracts, up 3 percent from the end of January 2016. Metals volume averaged 525,000 contracts per day in during January this year, up 30 percent from January 2016. 

Gold futures ADV shot up by 38 percent to 303,000 contracts and silver futures ADV gained sharply to 40 percent to 71,000 contracts during January this year. Achieved 23 percent year-over-year growth for base metals for the month.