- All major product lines up by double digits
- Equity index volume up 55 percent
- Interest rate volume up 24 percent,
- Foreign exchange volume up 41 percent and
- Commodities and alternative investments volume up 10 percent
- Year-to-date 2008 volume through April averaged 12.8 million contracts per day, up 32 percent versus the same period last year
CME Group, the world's largest and most diverse derivatives exchange, today announced April 2008 volume averaged 10.2 million contracts per day, up 30 percent from April 2007. Total volume exceeded 224 million contracts for the month, of which 81 percent was traded electronically. Total electronic volume increased 40 percent versus April 2007 to average 8.2 million contracts per day. Total options volume rose 16 percent to average 1.8 million contracts per day, and total electronic options volume increased 23 percent to average 275,000 contracts per day.
CME Group E-mini equity index volume averaged 2.5 million contracts per day, up 61 percent compared with April 2007. CME Group interest rate volume averaged 6.0 million contracts per day, up 24 percent from April 2007. CME Group foreign exchange (FX) volume averaged 613,000 contracts per day, up 41 percent from the same period in 2007. CME Group commodities and alternative investments volume averaged 937,000 contracts per day, up 10 percent, and represented the second highest monthly volume to date. Monthly NYMEX energy and metals volume on the CME Globex electronic trading platform increased 43 percent to average 942,000 contracts per day.
All references to volume and rate per contract information in the text of this document assume combined legacy CME and legacy CBOT volumes and exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.
CME GROUP MONTHLY AVERAGE DAILY VOLUME
(In thousands)
April 2008 April 2007 Percent Change
PRODUCT LINE
Interest Rates 6,038 4,867 24%
E-minis 2,495 1,548 61%
Equity Standard 128 148 -14%
FX 613 434 41%
Commodities and Alt.
Inv.* 937 851 10%
Total 10,210 7,847 30%
CME GROUP MONTHLY AVERAGE DAILY VOLUME - continued
(In thousands)
April 2008 April 2007 Percent Change
VENUE
Open Outcry 1,843 1,829 1%
CME Globex 8,220 5,881 40%
Privately Negotiated 147 138 7%
*CME Group Commodities and Alternative Investments product line includes the legacy CME commodities and alternative investments product line and the legacy CBOT agricultural product line and metals, energy and other product line.
CME GROUP ROLLING THREE-MONTH AVERAGES
Average Rate Per Contract
(In dollars, and calculated from combined average daily volumes for entire
period)
By Product Line By Venue
3-Month Int- Commodities Privately
Period erest E- Equity and Alt. Open Elec- Negot-
Ending Rates minis Standard FX Inv. Total Outcry tronic iated
Mar-08 0.505 0.684 1.506 0.927 1.119 0.630 0.553 0.609 2.345
Feb-08 0.506 0.705 1.501 0.963 1.109 0.635 0.563 0.616 2.593
Jan-08 0.509 0.699 1.478 0.964 1.096 0.635 0.510 0.622 2.947
Dec-07 0.530 0.687 1.427 0.985 1.074 0.648 0.517 0.629 3.057
Average Daily Volume
(In thousands, average daily volumes combined for entire period)
By Product Line By Venue
3-Month Int- Commodities Privately
Period erest E- Equity and Alt. Open Elec- Negot-
Ending Rates minis Standard FX Inv. Total Outcry tronic iated
Apr-08 7,303 3,138 179 645 960 12,224 2,017 9,989 218
Mar-08 8,251 3,628 201 640 949 13,669 2,336 11,097 236
Feb-08 7,536 3,137 184 558 882 12,297 2,209 9,880 208
Jan-08 7,390 3,276 187 583 812 12,247 2,241 9,811 195
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Formed by the 2007 merger of Chicago Mercantile Exchange Holdings Inc. (CME) and CBOT Holdings, Inc. (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME".
