A total of 2,548,246 Eurodollar futures contracts were traded Friday which included 615,932 contracts traded on CME's GLOBEX electronic trading platform. The new records eclipse the prior GLOBEX Eurodollar and combined total volume records of 405,855 and 2,177,217 contracts respectively, which were set on March 5. The increase in GLOBEX Eurodollar volume was more than 50 percent higher than the prior record.
CME's total volume across all four core product areas - interest rates, equity indexes, foreign exchange and commodities - was 5,215,195 contracts on Friday, Friday's volume marking the second busiest day* in the exchange's 106-year history and the second time ever that CME volume exceeded five million contracts. The April 2 volume record is second only to volume posted on March 5.
CME also reported a new open interest record in its LIBOR interest rate contract of 418,468 positions. Open interest represents the number of contracts which remain open at the end of a trading session.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in the first quarter of 2004 and managed $38.6 billion in collateral as of March 31, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.Chicago Mercantile Exchange, CME and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc. E-mini is a trademark of CME. Further information about CME and its products is available on the CME Web site at www.cme.com.
