CME, the world's largest and most diverse financial exchange, today announced August volume averaged 5 million contracts per day, up 35 percent from August 2005. Total monthly volume in August 2006 was 115 million contracts. Average daily volume on the CME Globex electronic trading platform increased 34 percent from August 2005 to 3.4 million contracts per day, representing 69 percent of total exchange volume. Total options volume was 1.3 million contracts per day, up 62 percent month over month. Electronic options volume averaged 149,000 contracts per day for the month, up 231 percent from the same period a year ago.
CME total interest rate volume averaged 3.1 million contracts per day in August, up 44 percent from the same period a year ago. CME Eurodollar futures volume was up 37 percent to an average of 2.0 million contracts per day, and CME Eurodollar options volume was up 59 percent to an average of 1.2 million contracts per day. Electronic volume of CME Eurodollar options averaged 98,000 contracts per day during the month, more than tripling from 30,000 during August 2005 and representing 8.5 percent of Eurodollar options volume, the highest monthly percentage to date.
Trading in CME E-mini equity index products averaged 1.3 million contracts per day in August, up 18 percent compared with August 2005. Total equity options volume grew 128 percent from the same period a year ago, to 113,000 contracts per day. CME E-mini options volume averaged 50,000 contracts per day, up 259 percent from August 2005. CME E-mini S&P 500 options reached 46,000 contracts per day in August, up 258 percent. CME equity standard volume grew 29 percent to average 125,000 contracts per day.
CME foreign exchange volume in August averaged 383,000 contracts per day, up 35 percent compared with the year-ago period. In August, electronic foreign exchange volume increased 45 percent to 347,000 contracts per day compared with August 2005.
All statistics in this news release exclude data on CME's non-traditional TRAKRS(R) products, and CME Auction Markets(TM) products, unless otherwise noted. All references to options refer to options on futures contracts.
CME commodities and alternative investments volume averaged 67,000 contracts per day in August, up 42 percent over the same period a year ago.
NYMEX volume on the CME Globex platform averaged 154,000 contracts per day in August, up 94 percent compared with June 2006, when products were first available to trade under the current NYMEX-CME agreement.
Open interest for all CME products was 50 million contracts at the end of August, up from 30 million contracts at the end of December. Additionally, the Chicago Board of Trade had 14 million open positions with CME Clearing at month end. Open interest represents the number of contract positions that remain open at the end of a trading session.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
August 2006 August 2005 Percent Change
CME PRODUCT LINE
Interest Rates 3,120 2,162 44%
E-Minis 1,319 1,123 18%
Equity Standard 125 97 29%
Foreign Exchange 383 285 35%
Commodities and Alt. Inv. 67 48 42%
Sub Total 5,015 3,714 35%
TRAKRS 84 32 166%
Total 5,099 3,745 36%
VENUE
Open Outcry 1,520 1,100 38%
CME Globex (Ex TRAKRS) 3,445 2,574 34%
Privately Negotiated 50 40 27%
Note: CME Weather and GSCI products moved from Equity Standard to
Commodities in April, and prior months were adjusted.
CME ROLLING THREE-MONTH AVERAGES (excluding TRAKRS)
Average Rate Per Contract (In Dollars)
3-Month
Period
Ending By Product Line By Venue
Commodities
and Privately
Interest E- Equity Foreign Alt. Open CME Nego-
Rates Minis Standard Exchange Inv. Total Outcry Globex tiated
Jul-06 0.486 0.691 1.406 1.110 0.913 0.637 0.484 0.662 3.814
Jun-06 0.477 0.698 1.421 1.119 0.921 0.632 0.480 0.657 3.785
May-06 0.480 0.724 1.429 1.173 0.924 0.644 0.479 0.667 3.700
Apr-06 0.478 0.717 1.445 1.253 0.948 0.641 0.471 0.667 3.672
Average Daily Volume (In Thousands)
3-Month
Period
Ending By Product Line By Venue
Commodities
and Privately
Interest E- Equity Foreign Alt. Open CME Nego-
Rates Minis Standard Exchange Inv. Total Outcry Globex tiated
Aug-06 3,194 1,685 166 411 78 5,535 1,629 3,858 48
Jul-06 3,144 1,818 179 452 84 5,677 1,586 4,046 44
Jun-06 3,255 1,748 173 471 81 5,728 1,657 4,022 49
May-06 3,123 1,526 156 466 80 5,352 1,535 3,764 53
CME ( http://www.cme.com ) is the world's largest and most diverse financial exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex(R) electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000(R) Index and the S&P 500(R) Index.
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 http://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.
