- A record 82 percent of total monthly volume was traded electronically
- Legacy CBOT products reached a record 5.5 million total contracts per day after transitioning to the CME Globex platform
- Record commodities and alternative investments average daily volume exceeded one million contracts for the first time
- Record electronic commodities and alternative investments volume increased 66 percent to 626,000 contracts per day, representing a record 60 percent of total traded
- Record electronic options volume increased 72 percent to 448,000 contracts per day, representing a record 22 percent of total traded
- Record electronic Eurodollar options volume nearly tripled, representing a record 21 percent of total traded
- Record NYMEX energy and metals volumes on CME Globex increased 40 percent to average 963,000 contracts per day
CME Group, the world's largest and most diverse derivatives exchange, today announced February volume averaged 13.2 million contracts per day, up 25 percent from February 2007. Total volume exceeded 264 million contracts for the month, of which a record 82 percent was traded electronically. Total electronic volume averaged 10.8 million contracts per day, up 34 percent from the prior February.
CME Group E-mini equity index volume averaged 3.0 million contracts per day, up 55 percent compared with February 2007. CME Group interest rate volume averaged 8.5 million contracts per day, up 19 percent. CME Group commodities and alternative investments volume averaged a record of one million plus contracts per day for the first time, up 19 percent. CME Group foreign exchange volume averaged 566,000 contracts per day, up 12 percent.
Additional monthly volume records reached in February 2008 include NYMEX energy and metals volume on the CME Globex(R) trading platform, up 40 percent to average 963,000 contracts per day, and electronic commodities and alternative investments volume, up 66 percent to 626,000 contracts per day. CME Group electronic options increased 72 percent to a record 448,000 contracts per day, representing a record 22 percent of total options volume. Record electronic Eurodollar options volume nearly tripled from February 2007 to average 245,000 contracts per day, representing a record 21 percent of total Eurodollar options volume.
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.
Legacy e-CBOT products reached a record 5.5 million contracts per day, in their first full month of trading on the CME Globex electronic platform. Further, individual product records were broken in 2-year U.S. Treasury notes, 30-year U.S. Treasury bonds, 5-year U.S. Treasury notes, soybeans, soybean oil, soybean meal, electronic corn, wheat, rough rice, and oats.
CME GROUP MONTHLY AVERAGE DAILY VOLUME
(In thousands)
February 2008 February 2007 Percent Change
PRODUCT LINE
Interest Rates 8,485 7,109 19%
E-minis 2,964 1,917 55%
Equity Standard 151 156 -3%
Foreign Exchange 566 508 12%
Commodities and Alt. Inv.* 1,041 878 19%
Total 13,207 10,568 25%
VENUE
Open Outcry 2,177 2,338 -7%
CME Globex and e-CBOT 10,803 8,059 34%
Privately Negotiated 227 171 33%
*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
Commod-
ities Priv-
3-Month Int- Equity and ately
Period erest E- Stand- Foreign Alt. Open Elec- Negot-
Ending Rates minis ard Exchange Inv. Total Outcry tronic iated
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
Nov-07 0.523 0.671 1.442 0.972 1.070 0.636 0.503 0.623 3.050
Oct-07 0.520 0.663 1.454 0.956 1.056 0.623 0.474 0.618 2.906
Average Daily Volume
(In thousands, average daily volumes combined for entire period)
By Product Line By Venue
Commod-
ities Priv-
3-Month Int- Equity and ately
Period erest E- Stand- Foreign Alt. Open Elec- Negot-
Ending Rates minis ard Exchange Inv. Total Outcry tronic iated
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
Dec-07 6,290 2,817 166 561 740 10,574 1,876 8,528 169
Nov-07 6,847 2,935 173 599 744 11,298 2,149 8,979 169
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".
