Also yesterday, CM E traded a record II 3,556 Eurodollar futures contracts on its GLOBEX® electronic trading platform. On Jan. 26, CME introduced its Eagle Project to enable GLOBEX customers to execute more complex Eurodollar futures trading strategies, which previously were possible only on the trading floors. Eagle has helped increase Eurodollar futures volume on GLOBEX, which has risen from an average of about 31,000 contracts per day in 2002 to nearly 41,000 contracts per day for the second quarter of 2003 to date.
In addition, CME recorded volume of 4.05 million contracts on June 26, which was its fifth-busiest single day. The exchange's one-day volume record occurred on Oct. 31, 2002 with more than 5.8 million contracts traded, including more than 2.6 million Select 50 TRAKRSSM contracts matched on the GLOBEX system in a special opening procedure on that day.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States for the trading of futures and options on futures. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock 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 2003 and managed $28.5 billion in collateral deposits at March 31, 2003. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME).
