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CME total interest rate volume was a record 2.9 million contracts per day in April, up 51 percent from the same period a year ago. This increase was driven by electronic CME Eurodollar futures, which represented 81 percent of total CME Eurodollar futures volume in April, compared with 30 percent in April 2004. Electronic CME Eurodollar futures averaged 1.6 million contracts per day in April, up more than 300 percent from the same period a year ago and up 38 percent from March.
Trading in CME E-mini™ equity index products averaged 1.5 million contracts per day in April, up 35 percent compared with the same period last year. This was the highest monthly volume ever, beating the March 2005 record of 1.3 million.
Average daily volume of CME foreign exchange products was 307,000 contracts, representing notional value of $40 billion per day and a 94 percent increase compared with April 2004. During the month, electronic foreign exchange products increased 141 percent from the same period one year ago to reach 254,000 contracts per day.
During April, CME averaged a record 976,000 options on futures contracts per day. This was CME’s third consecutive record month in options. More than 43,000 options contracts per day were traded electronically in April – also a monthly record.
Open interest for all CME products at the end of April was above 31 million contracts, with an additional 8.5 million Total Return Asset ContractsTM (Trakrs). Additionally, the Chicago Board of Trade (CBOT) had approximately 13.6 million open positions at the CME Clearing House in April. Open interest represents the number of contract positions that are not closed out at the end of a trading session.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
| April 2005 | April 2004 | Percent Change | |
| CME PRODUCT LINE | |||
| Interest Rates | 2,933 | 1,937 | 51% |
| E-Minis | 1,475 | 1,094 | 35% |
| Equity Standard | 105 | 87 | 21% |
| Foreign Exchange | 307 | 159 | 94% |
| Commodities | 41 | 38 | 10% |
| Sub Total | 4,882 | 3,315 | 47% |
| TRAKRS | 29 | 79 | -63% |
| Total | 4,891 | 3,393 | 44% |
| VENUE | |||
| Open Outcry | 1,409 | 1,677 | -16% |
| Globex (Ex trakrs) | 3,413 | 1,605 | 113% |
| Privately Negotiated | 41 | 32 | 26% |
The following information was provided during the CME Q1 2005 earnings release
CME RATE PER CONTRACT THROUGH MARCH 2005 (excluding TRAKRS)
Average Rate Per Contract (In Dollars)
Rolling Three-Month Average
| 3-Month Period Ending | By Product Line | Total | By Venue | ||||||
| Interest Rates | Equity Mini | Equity Standard | Currency | Commodity | Open Outcry | CME Globex | Privately Negotiated | ||
| Mar-05 | 0.521 | 0.663 | 1.315 | 1.483 | 0.904 | 0.668 | 0.475 | 0.704 | 3.611 |
| Feb-05 | 0.505 | 0.663 | 1.301 | 1.508 | 0.902 | 0.673 | 0.496 | 0.694 | 3.562 |
| Jan-05 | 0.523 | 0.663 | 1.526 | 1.526 | 0.898 | 0.689 | 0.530 | 0.696 | 3.560 |
Average Daily Volume (In Thousands)
Rolling 3 Month Average
| 3-Month Period Ending | By Product Line | Total | By Venue | ||||||
| Interest Rates | Equity Mini | Equity Standard | Currency | Commodity | Open Outcry | CME Globex | Privately Negotiated | ||
| Mar-05 | 2,235 | 1,237 | 129 | 294 | 51 | 3,946 | 1,276 | 2,618 | 52 |
| Feb-05 | 1,871 | 1,097 | 121 | 290 | 44 | 3,423 | 1,084 | 2,289 | 50 |
| Jan-05 | 1,743 | 1,067 | 122 | 275 | 48 | 3,254 | 1,007 | 2,198 | 50 |
