CME total interest rate volume was 2.9 million contracts per day in February, up 27 percent from the same period a year ago. This increase was driven by continued growth in CME Eurodollar options, up 42 percent to a record 1.1 million contracts per day in February. Electronic average daily volume of CME Eurodollar options for February was five times the average during February 2005, reaching 51,000 contracts per day. CME Eurodollar futures grew 20 percent to 1.8 million contracts per day. Electronic CME Eurodollar futures averaged 1.5 million contracts per day in February, up 33 percent.
Average daily volume of CME foreign exchange products was 368,000 contracts, a 38 percent increase compared with February 2005. During the month, electronic foreign exchange products increased 50 percent from the same period a year ago to 315,000 contracts per day.
Trading in CME E-mini(TM) equity index products averaged 1.3 million contracts per day in February, an increase of 19 percent compared with the same period last year. CME E-mini options average daily volume in February increased 174 percent month over month, averaging 28,000 contracts per day.
CME total commodity volume reached 57,000 contracts per day in February, up 32 percent over the same period a year ago. Commodity volume traded on the CME Globex platform in February increased 11 percent compared to the prior year.
All statistics in this news release exclude data on CME's non-traditional TRAKRS(TM) products, and CME Auction Markets(TM) products, unless otherwise noted.
Open interest for all CME products at the end of February was a record 40.7 million contracts, with an additional 43 million Total Return Asset Contracts(TM) (TRAKRS). Additionally, the Chicago Board of Trade had approximately 13 million open positions at the CME Clearing House at the end of February. 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)
February 2006 February 2005 Percent Change
CME PRODUCT LINE
Interest Rates 2,870 2,256 27%
E-Minis 1,319 1,105 19%
Equity Standard 129 102 27%
Foreign Exchange 368 266 38%
Commodities 57 43 32%
Sub Total 4,742 3,772 26%
TRAKRS 115 28 306%
Total 4,857 3,800 28%
VENUE
Open Outcry 1,450 1,237 17%
CME Globex (EX TRAKRS) 3,243 2,489 30%
Privately Negotiated 49 46 7%
CME RATE PER CONTRACT THROUGH JANUARY 2006 (excluding TRAKRS)
Average Rate Per Contract (In Dollars)
Rolling Three-Month Average
3-Month
Period
Ending By Product Line By Venue
Priv-
ately
Interest E- Equity Foreign Commod- Open CME Nego-
Rates Minis Standard Exchange ities Total Outcry Globex tiated
Jan
-06 0.506 0.708 1.428 1.216 0.942 0.672 0.502 0.689 3.670
Dec
-05 0.509 0.706 1.436 1.246 0.944 0.678 0.512 0.690 3.759
Nov
-05 0.500 0.708 1.410 1.252 0.934 0.657 0.476 0.680 3.715
Average Daily Volume (In Thousands)
Rolling 3 Month Average
3-Month
Period
Ending By Product Line By Venue
Priv-
ately
Interest E- Equity Foreign Commod- Open CME Nego-
Rates Minis Standard Exchange ities
Total Outcry Globex tiated
Jan
-06 2,324 1,268 145 394 62 4,193 1,183 2,960 51
Dec
-05 2,209 1,335 147 375 51 4,117 1,107 2,961 49
Nov
-05 2,346 1,414 156 392 52 4,361 1,175 3,135 51
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 $1.7 billion per day in settlement payments in 2005 and managed $45.8 billion in collateral deposits at December 30, 2005, including $3.2 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 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.
