On The Rise

"8:01AM NYMEX reports Feb 2008 volume averaged record 1.846 mln contracts per day, electronic volume increases 30% and trading volume increases 99% (NMX) 97.00 : Co announces average daily volume for February 2008 of 1.846 mln contracts, a 20% increase from 1.542 mln contracts per day in February 2007. NYMEX electronic volume on the CME Globex electronic trading platform was 783,212 contracts per day and represented a 30% increase over 600,953 contracts per day in February 2007 electronic volume. NYMEX floor-traded energy futures and options averaged 240,842 contracts per day for February 2008. COMEX electronic volume on CME Globex averaged 179,934 contracts per day and represented a 99% increase over 90,500 contracts per day in February 2007 electronic volume. COMEX floor-traded average daily volume was 42,147 contracts for February 2008. Average daily volume on NYMEX ClearPort was 506,841 contracts for February 2008, compared to 385,711 for February 2007, representing a 31% increase."

via Briefing.com

99% increase in trading volume...not too shabby...