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- Highest monthly volume to date in 2009 for interest rates, FX, commodities and alternative investments product lines
- Double-digit quarterly sequential growth in interest rates, FX, commodities and alternative investments and monthly sequential growth in equity standard, FX, commodities and alternative investments
- Second-quarter volume averaged 10.4 million contracts per day, slightly higher than first-quarter 2009
CME Group, the world's largest and most diverse derivatives exchange, today announced that June volume averaged 11.4 million contracts per day, down 20 percent from June 2008, but up 6 percent from May 2009. Total volume was 251 million contracts for June, of which 79 percent was traded electronically. Electronic volume averaged 9.0 million contracts per day, down 21 percent from the prior June, but up 6 percent sequentially.
"In the current financial environment, we are encouraged by record 2009 monthly volume across major products lines, from interest rates and foreign exchange to commodities and alternative investments," said CME Executive Chairman Terry Duffy. "In addition, the 33 percent increase in over-the-counter volume cleared through CME ClearPort is a good indicator that the OTC market continues moving toward the safety and soundness our cleared solution offers."
"Improvements in credit and lending markets and significantly increased Treasury issuance have positively impacted CME Group's interest rate volumes and open interest in June," said CME Group Chief Executive Officer Craig Donohue. "Reduced volatility and improvements in market depth have resulted in record volume of more than 6 million Eurodollar futures contracts on June 5."
CME Group interest rate volume averaged 5.1 million contracts per day, down 24 percent compared with the same period in 2008, but up 8 percent sequentially - representing the best monthly volume to date in 2009. Interest rate futures and options volume was up 14 percent second quarter over first quarter, with Treasury futures and options gaining 11 percent in the same timeframe. Average daily volume in inter-commodity spreads of Treasury futures and open interest for 3-Year Treasury Note futures reached record levels in June. Furthermore, a record volume of 6.0 million Eurodollar futures was traded June 5.
All references to CME Group volume and rate per contract information in the text of this document exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.
