CME total interest rate volume was 2.4 million contracts per day in October, up 35 percent from the same period a year ago. This increase was driven by growth in trading of electronic CME Eurodollar futures, which represented 81 percent of total CME Eurodollar futures volume in October, compared with 72 percent in October 2004. Electronic CME Eurodollar futures averaged 1.4 million contracts per day in October, up 57 percent from the same period a year ago.
Trading in CME E-mini(TM) equity index products averaged a record 1.6 million contracts per day in October, an increase of 44 percent compared with the same period last year. CME achieved average daily volume records of 1.1 million E-mini S&P 500 contracts, 155,000 E-mini Russell 2000 contracts and 27,000 S&P MidCap 400 contracts. The company also posted an average daily volume record of 45,000 E-mini S&P electronic options contracts, compared with the prior record of 21,000 contracts per day in September.
Average daily volume of CME foreign exchange products was 328,000 contracts, a 52 percent increase compared with October 2004. October 2005 was a record non-roll month for these products. During the month, electronic foreign exchange products increased 73 percent from the same period a year ago to 277,000 contracts per day.
Open interest for all CME products at the end of October was 33 million contracts, with an additional 7 million Total Return Asset Contracts(TM) (TRAKRS). Additionally, the Chicago Board of Trade (CBOT) had approximately 13 million open positions at the CME Clearing House at the end of October. Open interest represents the number of contract positions that are not closed out at the end of a trading session.
All statistics in this news release exclude data on CME's non-traditional TRAKRS(TM) products unless otherwise noted.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
October 2005 October 2004 Percent Change
CME PRODUCT LINE
Interest Rates 2,351 1,738 35%
E-Minis 1,634 1,134 44%
Equity Standard 129 93 38%
Foreign Exchange 328 215 52%
Commodities 45 37 23%
Sub Total 4,488 3,217 40%
TRAKRS 21 39 -46%
Total 4,509 3,256 38%
VENUE
Open Outcry 1,114 983 13%
CME Globex (Ex TRAKRS) 3,328 2,192 52%
Privately Negotiated 46 41 12%
CME RATE PER CONTRACT THROUGH SEPTEMBER 2005 (excluding trakrs)
Average Rate Per Contract (In Dollars)
Rolling Three-Month Average
By Product Line By Venue
Pri-
3-Month vately
Period Interest Equity Foreign Commod- Open CME Nego-
Ending Rates E-Minis Standard Exchange ities Total Outcry Globex tiated
Sep-05 0.502 0.705 1.400 1.353 0.904 0.659 0.463 0.696 3.674
Aug-05 0.506 0.692 1.346 1.361 0.886 0.664 0.470 0.696 3.604
Jul-05 0.502 0.684 1.324 1.348 0.855 0.655 0.472 0.679 3.561
Average Daily Volume (In Thousands)
Rolling 3 Month Average
By Product Line By Venue
Pri-
3-Month vately
Period Interest Equity Foreign Commod- Open CME Nego-
Ending Rates E-Minis Standard Exchange ities Total Outcry Globex tiated
Sep-05 2,489 1,181 124 336 50 4,180 1,263 2,897 47
Aug-05 2,235 1,151 118 329 46 3,879 1,122 2,712 45
Jul-05 2,311 1,179 119 334 50 3,994 1,107 2,839 47
Chicago Mercantile Exchange Inc. ( http://www.cme.com ) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, 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. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME), which is part of the Russell 1000(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.
Chicago Mercantile Exchange, CME, the globe logo and CME Globex are registered trademarks of Chicago Mercantile Exchange Inc. E-mini is a trademark of CME. CLEARING 21 is a registered trademark of CME and New York Mercantile Exchange, Inc. S&P, S&P 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, trakrs, Total Return Asset Contracts and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at http://www.cme.com .
CME-G
SOURCE Chicago Mercantile Exchange Inc.
