CME Group, the world's largest and most diverse derivatives exchange, today announced that October 2008 volume averaged 12.5 million contracts per day, up 13 percent from October 2007, assuming combined CME Group/NYMEX volumes. Total monthly volume exceeded 287 million contracts, 80 percent of which was traded electronically. On a combined basis, CME Group year-to-date volume through October averaged 13.7 million contracts per day, up 10 percent from the same period in 2007.
CME Group E-mini equity index volume averaged 4.7 million contracts per day, up 83 percent compared with October 2007. Equity standard volume averaged 241,000 contracts per day, up 85 percent compared with the same period last year. CME Group commodities and alternative investments volume averaged 772,000 contracts per day, up 11 percent from October 2007. CME Group foreign exchange (FX) contracts volume averaged 561,000 contracts per day, up 5 percent, and represented an average daily notional value of $72 billion, up 4 percent. CME Group interest rate volume averaged 4.6 million contracts per day, down 18 percent compared with the same period in 2007.
Total NYMEX volume averaged 1.7 million contracts for October 2008, up 5 percent compared with the same period last year. Monthly NYMEX energy futures and options volume averaged 923,000 contracts per day, down 8 percent from October 2007. COMEX metals volume averaged 194,000 contracts per day for October 2008, up 14 percent. Average daily volume cleared on NYMEX ClearPort was 524,000 contracts for October 2008, up 65 percent compared with October 2007, as users continue to seek the safety and soundness of CME Group's regulated, transparent and centrally cleared markets. The remaining NYMEX volume of 59,000 trades per day consisted of other transactions, which include position transfers and exchanges.
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.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange Pro Forma ADV (Legacy CME, CBOT, and NYMEX combined, in
thousands)
October 2008 October 2007 Percent Change
Total 12,496 11,060 13%
CME Group ADV (Legacy CME and CBOT combined, in thousands)
PRODUCT LINE October 2008 October 2007 Percent Change
Interest Rates 4,566 5,556 -18%
E-minis 4,689 2,559 83%
Equity Standard 241 131 85%
FX 561 533 5%
Commodities and Alt. Inv. 772 697 11%
Total 10,828 9,476 14%
VENUE October 2008 October 2007 Percent Change
Open outcry 1,528 1,701 -10%
CME Globex 9,137 7,650 19%
Privately negotiated 164 125 31%
NYMEX/COMEX ADV (In thousands)
October 2008 October 2007 Percent Change
NYMEX floor 197 254 -23%
NYMEX electronic 726 748 -3%
COMEX floor 34 39 -15%
COMEX electronic 160 130 23%
NYMEX ClearPort 524 318 65%
Other 59 94 -37%
Total 1,668 1,584 5%
ROLLING THREE-MONTH AVERAGES
CME Group (Legacy CME and CBOT combined)
Average Rate Per Contract (In dollars)
3-Month Period Ending
Sep-08 Aug-08 Jul-08 Jun-08
Interest Rates 0.521 0.519 0.518 0.522
E-minis 0.677 0.670 0.665 0.668
Equity Standard 1.486 1.444 1.455 1.453
FX 0.936 0.911 0.905 0.907
Commodities/Alt. Investments 1.154 1.155 1.146 1.134
Total 0.659 0.658 0.647 0.648
Open outcry 0.607 0.608 0.594 0.572
Electronic 0.637 0.634 0.624 0.629
Privately negotiated 2.526 2.481 2.464 2.427
Average Daily Volume (In thousands)
3-Month Period Ending
Oct-08 Sep-08 Aug-08 Jul-08
Interest Rates 5,538 6,030 5,922 6,438
E-minis 4,049 3,638 3,211 3,186
Equity Standard 228 204 179 177
FX 681 710 687 675
Commodities/Alt. Investments 786 822 945 913
Total 11,282 11,404 10,945 11,388
Open outcry 1,607 1,602 1,580 1,721
Electronic 9,510 9,641 9,202 9,494
Privately negotiated 165 161 162 173
NYMEX/COMEX
Average Rate Per Contract (In dollars, on a pro forma basis*)
3-Month Period Ending
Sep-08 Aug-08 Jul-08 Jun-08
NYMEX floor 1.38 1.40 1.63 1.61
NYMEX electronic 1.32 1.32 1.32 1.30
COMEX floor 1.62 1.64 1.63 1.71
COMEX electronic 1.72 1.73 1.73 1.71
NYMEX ClearPort 1.64 1.60 1.58 1.57
Other 1.93 1.86 1.85 1.85
Total Pro Forma Average
Net Rate 1.49 1.48 1.50 1.48
Direct Transaction Cost 0.08 0.08 0.08 0.08
Total Pro Forma Average
Gross Rate 1.57 1.56 1.58 1.56
* Pro forma adjustment excludes the Globex payment to CME Group from the
NYMEX electronic, COMEX electronic and Direct Transaction Cost lines.
Average Daily Volume (In thousands)
3-Month Period Ending
Oct-08 Sep-08 Aug-08 Jul-08
NYMEX floor 185 193 208 232
NYMEX electronic 796 831 841 883
COMEX floor 35 36 35 37
COMEX electronic 192 214 194 190
NYMEX ClearPort 500 492 455 443
Other 59 65 72 84
Total 1,760 1,831 1,805 1,869
