Volume on the CME Globex electronic trading platform increased 62 percent for the year, with total volume of 730 million contracts and average daily volume of 2.9 million. CME Globex volume represented 70 percent of total CME volume, compared with 57 percent in 2004.
CME set annual volume records in all four product groups. Average daily volume in CME's interest rate products of 2.4 million contracts for the year climbed 40 percent from the all-time record volume levels achieved in 2004. This increase was driven by continued growth in CME Eurodollar options, up 45 percent to 746,000 contracts per day in 2005 from the same period a year ago, and electronic CME Eurodollar options, up 234 percent from 2004. CME Eurodollar futures grew 38 percent to 1.6 million contracts per day. Electronic CME Eurodollar futures averaged 1.3 million contracts per day in 2005, up 125 percent from the same period a year ago. CME Eurodollar futures remain the most actively traded futures contract in the world.
CME's foreign exchange complex saw year-on-year average daily volume increase 65 percent to more than 334,000 contracts per day in 2005. Combined average daily volume in CME's E-mini equity product complex was approximately 1.3 million contracts in 2005, up 21 percent compared with 2004. CME's equity standard volume grew 13 percent to 131,000 contracts per day. CME's commodities product complex experienced its third consecutive year of double- digit growth, and was up 23 percent compared to 2004.
In spite of the normal year-end slowdown, overall fourth quarter trading activity remained strong, with average daily volume above 4.1 million contracts, up 33 percent from the same period in 2004. Leading the growth was a 49 percent increase in foreign exchange (FX) trading, averaging a record 375,000 contracts per day. CME continues to see very strong participation in its FX business from high velocity algorithmic traders. In addition, CME interest rate volume had a 34 percent increase, averaging 2.2 million contracts per day. CME E-mini products averaged 1.3 million contracts per day, up 30 percent. And finally, CME commodity products increased by 20 percent with average daily volume of 51,000 contracts.
All statistics in this news release exclude data on CME's non-traditional TRAKRS(TM) products unless otherwise noted.
Average daily volume for December approached 3.8 million contracts, up 32 percent from year-ago levels. CME FX products had the highest volume month ever, with more than 428,000 contracts per day, up 37 percent compared with December 2004. Interest rate products grew 35 percent, E-mini products grew 27 percent, and commodity products grew 31 percent versus the same month a year ago. Overall electronic trading on the CME Globex platform was up 42 percent in December compared with year-ago levels.
Total open interest for all CME contracts at the end of 2005 was 31 million, up from 22 million contracts of open interest at the end of 2004. In addition, CME Clearing has 10 million in open interest positions for CBOT contracts cleared by CME.
The notional value -- or underlying dollar value -- of transactions on CME in 2005 represented $638 trillion, up 38 percent from $463 trillion in 2004.
CME ANNUAL AVERAGE DAILY VOLUME (In Thousands)
|
|||
| 2005 | 2004 | Percent Change | |
| CME PRODUCT LINE | |||
| Interest Rates | 2,380 | 1,705 | 40% |
| E-Minis | 1,264 | 1,048 | 21% |
| Equity Standard | 131 | 115 | 13% |
| Foreign Exchange | 334 | 202 | 65% |
| Commodities | 50 | 40 | 23% |
| Sub Total | 4,158 | 3,111 | 34% |
| TRAKRS* | 168 | 72 | 135% |
| Total | 4,327 | 3,183 | 36% |
| VENUE | |||
| Open Outcry | 1,214 | 1,282 | -5% |
| CME Globex (Ex TRAKRS) | 2,896 | 1,786 | 62% |
| Privately Negotiated | 49 | 44 | 10% |
*Includes launch of Rogers International Commodity Index TRAKRS on Nov. 3, 2005, which traded more than 28 million contracts on that day.
| CME QUARTERLY AVERAGE DAILY VOLUME (In Thousands) | |||
|
Q4 2005 |
Q4 2004 |
Percent Change |
|
| CME PRODUCT LINE | |||
| Interest Rates | 2,209 | 1,654 | 34% |
| E-Minis | 1,335 | 1,026 | 30% |
| Equity Standard | 147 | 119 | 22% |
| Foreign Exchange | 375 | 252 | 49% |
| Commodities | 51 | 42 | 20% |
| Sub Total | 4,117 | 3,093 | 33% |
| TRAKRS* | 595 | 73 | 715% |
| Total | 4,713 | 3,166 | 49% |
| VENUE | |||
| Open Outcry | 1,107 | 965 | 15% |
| CME Globex (Ex TRAKRS) | 2,961 | 2,082 | 42% |
| Privately Negotiated | 49 | 46 | 6% |
*Includes launch of Rogers International Commodity Index TRAKRS on Nov. 3, 2005, which traded more than 28 million contracts on that day.
| CME MONTHLY AVERAGE DAILY VOLUME (In Thousands) | |||
|
December 2005 |
December 2004 |
Percent Change | |
| CME PRODUCT LINE | |||
| Interest Rates | 1,896 | 1,401 | 35% |
| E-Minis | 1,192 | 936 | 27% |
| Equity Standard | 187 | 156 | 19% |
| Foreign Exchange | 428 | 312 | 37% |
| Commodities | 48 | 37 | 31% |
| Sub Total | 3,751 | 2,842 | 32% |
| TRAKRS | 92 | 94 | -2% |
| Total | 3,843 | 2,936 | 31% |
| VENUE | |||
| Open Outcry | 1,043 | 922 | 13% |
| CME Globex (Ex TRAKRS) | 2,648 | 1,868 | 42% |
| Privately Negotiated | 60 | 52 | 15% |
| CME RATE PER CONTRACT AND ADV THROUGH NOVEMBER 2005 (excluding TRAKRS) | |||||||||
| Average Rate Per Contract (In Dollars) | |||||||||
| Rolling Three-Month Average | |||||||||
| By Product Line | By Venue | ||||||||
| 3-Month Period Ending | Interest Rates | E-Minis | Equity Standard | Foreign Exchange | Commod- ities | Total | Open Outcry | CME Globex | Privately Negotiated |
| Nov-05 | 0.500 | 0.708 | 1.410 | 1.252 | 0.934 | 0.657 | 0.476 | 0.680 | 3.715 |
| Oct-05 | 0.506 | 0.705 | 1.412 | 1.323 | 0.939 | 0.662 | 0.479 | 0.688 | 3.684 |
| Sep-05 | 0.502 | 0.705 | 1.400 | 1.353 | 0.904 | 0.659 | 0.463 | 0.696 | 3.674 |
| Average Daily Volume (In Thousands) | |||||||||
| Rolling 3 Month Average | |||||||||
|
By Product Line |
By Venue |
||||||||
| 3-Month Period Ending | Interest Rates | E-Minis | Equity Standard | Foreign Exchange | Commod- ities | Total | Open Outcry | CME Globex | Privately Negotiated |
| Nov-05 | 2,346 | 1,414 | 156 | 392 | 52 | 4,361 | 1,175 | 3,135 | 51 |
| Oct-05 | 2,599 | 1,352 | 137 | 340 | 48 | 4,436 | 1,267 | 3,120 | 49 |
| Sep-05 | 2,489 | 1,181 | 124 | 336 | 50 | 4,180 | 1,263 | 2,897 | 47 |
Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME) became the first publicly traded U.S. financial exchange on Dec. 6, 2002. The company was added to the Russell 1000(R) Index on July 1, 2003. It is the parent company of Chicago Mercantile Exchange Inc. ( http://www.cme.com ), the world's largest and most diverse futures exchange. As an international marketplace, CME brings together buyers and sellers on its CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in interest rates, equities, foreign exchange and commodities. The exchange moved about $1.4 billion per day in settlement payments in the first three quarters of 2005 and managed $43.8 billion in collateral deposits at September 30, 2005, including $3.8 billion in deposits for non-CME products.
Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent quarterly report on Form 10-Q, which can be obtained at its Web site at www.sec.gov. We undertake no obligation to publicly update any forward- looking statements, whether as a result of new information, future events or otherwise.
