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A record-breaking 243,701 CME Euro FX futures contracts traded yesterday representing a notional value of $37.3 billion. This overtook the previous record of 233,181 CME Euro FX futures contracts, set on June 1, 2005. CME also set new records in its British Pound futures with 58,858 contracts traded electronically and a total record for combined floor and electronic trading of 87,140 British pound contracts. The CME Swiss Franc futures contracts reached a new electronic volume record, with 53,574 contracts trading yesterday and a total combined floor and electronic trading record of 75,854 Swiss Franc contracts.
CME offers the largest regulated FX derivatives trading complex in the world, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 36 individual FX futures and 23 options on futures products. CME received FX Week’s 2004 eFX award for the best electronic futures platform. For first quarter 2005, CME FX averaged a record 294,000 contracts per day, representing a notional value of $37.6 billion, approximately 75 percent of which was traded electronically on the CME® Globex® electronic trading platform. Last year, over 51 million FX contracts with a notional value of over $6.2 trillion traded at CME.
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 CME Globex electronic trading platform and on its trading floors. 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 first quarter 2005 and managed $44.4 billion in collateral deposits as of March 31, 2005, including $4.3 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® Index.
