August 31, 2005 was the most active trading day in CME history. Total trading volume was 9.97 million contracts, breaking the previous record of 7.5 million contracts on June 1. Volume on the CME Globex platform was 6.8 million contracts, compared with the prior record of 5.1 million contracts on June 1. Interest rate contracts reached a record above 7.5 million contracts, versus the prior record of 5.2 million contracts on June 1. CME Eurodollar futures and options traded on the CME Globex platform posted a record 4.6 million contracts compared with the prior record of 3.3 million contracts on June 3.
CME total interest rate volume was 2.2 million contracts per day in August, up 29 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 August, compared with 63 percent in August 2004. Electronic CME Eurodollar futures averaged 1.2 million contracts per day in August, up 63 percent from the same period a year ago.
Average daily volume of CME foreign exchange products was 285,000 contracts, a 68 percent increase compared with August 2004. During the month, electronic foreign exchange products increased 101 percent from the same period one year ago to reach 240,000 contracts per day.
Trading in CME E-mini™ equity index products averaged 1.1 million contracts per day in August, an increase of 18 percent compared with the same period last year.
Open interest for all CME products at the end of August approached 34 million contracts, with an additional 7 million Total Return Asset ContractsTM (Trakrs). Additionally, the Chicago Board of Trade (CBOT) had approximately 11 million open positions at the CME Clearing House at the end of August. 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)
|
|
August 2005 |
August 2004 |
Percent Change |
|
CME PRODUCT LINE |
|
|
|
|
Interest Rates |
2,162 |
1,679 |
29% |
|
E-Minis |
1,123 |
951 |
18% |
|
Equity Standard |
102 |
88 |
16% |
|
Foreign Exchange |
285 |
169 |
68% |
|
Commodities |
42 |
35 |
20% |
|
Sub Total |
3,714 |
2,923 |
27% |
|
trakrs |
32 |
24 |
31% |
|
Total |
3,745 |
2,947 |
27% |
|
|
|
|
|
|
VENUE |
|
|
|
|
Open Outcry |
1,100 |
1,057 | 4% |
|
Globex (Ex trakrs) |
2,574 |
1,816 |
42% |
|
Privately Negotiated |
40 |
50 |
-21% |
CME RATE PER CONTRACT THROUGH JULY 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 Minis |
Equity Standard |
Foreign Exchange |
Commodities |
Open Outcry |
CME Globex |
Privately Negotiated |
||
| Jul-05 | 0.502 | 0.684 | 1.324 | 1.348 | 0.855 | 0.655 | 0.472 | 0.679 | 3.561 |
|
Jun-05 |
0.506 |
0.687 |
1.330 |
1.357 |
0.870 |
0.651 |
0.467 |
0.678 |
3.615 |
|
May-05 |
0.510 |
0.684 |
1.336 |
1.414 |
0.883 |
0.655 |
0.471 |
0.686 |
3.637 |
Average Daily Volume (In Thousands)
Rolling 3 Month Average
|
3-Month Period Ending |
By Product Line |
Total |
By Venue |
||||||
|
Interest Rates |
Equity Minis |
Equity Standard |
Foreign Exchange |
Commodities |
Open Outcry |
CME Globex |
Privately Negotiated |
||
| Jul-05 | 2,311 | 1,179 | 119 | 334 | 50 | 3,994 | 1,107 | 2,839 | 47 |
|
Jun-05 |
2,577 |
1,301 |
124 |
332 |
46 |
4,380 |
1,210 |
3,122 |
47 |
|
May-05 |
2,574 |
1,334 |
130 |
310 |
50 |
4,397 |
1,308 |
3,041 |
49 |
