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CME total interest rate volume was 2.7 million contracts per day in January, up 34 percent from the same period a year ago. This increase was driven by continued growth in CME Eurodollar options, up 48 percent to 928,000 contracts per day in January. Electronic trading of CME Eurodollar options has quadrupled since January 2005 to 47,000 contracts per day. CME Eurodollar futures grew 28 percent to 1.8 million contracts per day. Electronic CME Eurodollar futures averaged 1.5 million contracts per day in January, up 43 percent.
Average daily volume of CME foreign exchange products was 384,000 contracts, a 33 percent increase compared with January 2004, making CME the largest FX marketplace outside the interbank market. January 2006 was a record non-roll month for these products. During the month, electronic foreign exchange products increased 47 percent from the same period a year ago to 334,000 contracts per day.
Trading in CME E-mini(TM) equity index products averaged 1.4 million contracts per day in January, an increase of 13 percent compared with the same period last year. CME E-mini options average daily volume in January increased 246 percent month over month, averaging more than 27,000 contracts per day.
CME total commodity volume reached a record 81,000 contracts per day in January, up 50 percent over the same period a year ago. Commodity volume traded on the CME Globex platform also posted a record month in January with an 83 percent increase, reflecting the company's strategy of growing its customer base and providing side-by-side access to its commodity markets. In addition, the changing perception of commodities as an asset class has attracted unprecedented flows of capital into these markets, as commodity returns have outperformed equities since 1998.
Open interest for all CME products at the end of January was 36 million contracts, with an additional 42 million Total Return Asset Contracts(TM) (TRAKRS). Additionally, the Chicago Board of Trade had approximately 12 million open positions at the CME Clearing House at the end of January. Open interest represents the number of contract positions that remain open at the end of a trading session.
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.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
January 2006 January 2005 Percent Change
CME PRODUCT LINE
Interest Rates 2,713 2,020 34%
E-Minis 1,439 1,268 13%
Equity Standard 124 98 26%
Foreign Exchange 384 288 33%
Commodities 81 54 50%
Sub Total 4,741 3,729 27%
TRAKRS 268 37 631%
Total 5,009 3,766 33%
VENUE
Open Outcry 1,348 1,117 21%
CME Globex (Ex TRAKRS) 3,342 2,563 30%
Privately Negotiated 51 50 3%
CME RATE PER CONTRACT THROUGH DECEMBER 2005 (excluding TRAKRS)
Average Rate Per Contract (In Dollars)
Rolling Three-Month Average
3-Month By Product Line By Venue
Period Pri-
Ending vately
Interest Equity Foreign Commod- Open CME Nego-
Rates E-Minis Standard Exchange ities Total Outcry Globex tiated
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
Oct-05 0.506 0.705 1.412 1.323 0.939 0.662 0.479 0.688 3.684
Average Daily Volume (In Thousands)
Rolling 3 Month Average
3-Month By Product Line By Venue
Period Pri-
Ending vately
Interest Equity Foreign Commod- Open CME Nego-
Rates E-Minis Standard Exchange ities Total Outcry Globex tiated
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
Oct-05 2,599 1,352 137 340 48 4,436 1,267 3,120 49
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 2005 and managed $45.6 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.
