On Friday, as the Nasdaq Composite Index continued its fall, the CME Group’s E-mini NASDAQ-100 options (NQ) saw record volume as?38,057 contracts traded. This surpassed the previous record set on February 19, 2014 when 25,929 contracts exchanged hands. Traders utilized the product on Friday to manage their exposure to leading technology and non-financial companies during the day’s rapidly changing marketplace.?

Friday’s record volume was set against the 2.7% fall in the NASDAQ 100 Index–its largest percentage drop since November 9, 2011 when it fell 3.58%. At that time, it was the greatest NASDAQ 100 index decline in almost 2 1/2 years.

But the tumble continued on Monday as the index dropped for a third straight day, suffering its biggest three-day decline since November 2011.?

In addition, other factors affecting Friday’s NQ volume included the?March jobs report, which showed solid growth but fell short of market expectations; this further accelerated withdrawals from tech-related investments.?Internet and biotech stocks had recorded strong inflows during 2014’s first two months; however, traders have been pulling back in recent weeks.

The index also underwent unusual intra-day volatility.?