CME, the world's largest and most diverse financial exchange, today announced November volume averaged 5.3 million contracts per day, up 28 percent from November 2005. Total monthly volume was 110 million contracts. Average daily volume on the CME Globex electronic trading platform increased 38 percent from November 2005 to 4.0 million contracts per day, representing a record 77 percent of total exchange volume. Total options volume was 961,000 contracts per day, up 17 percent from November 2005. Electronic options volume averaged 129,000 contracts per day for the month, up 88 percent from the same period a year ago, and represented a record 13 percent of total CME options volume.
CME total interest rate volume averaged 2.9 million contracts per day in November, up 20 percent from the same period a year ago. CME Eurodollar futures volume averaged 2.0 million contracts per day, up 23 percent from November 2005, and CME Eurodollar options volume was up 14 percent to an average of 822,000 contracts per day. Electronic volume of CME Eurodollar options averaged 68,000 contracts per day during the month, up 81 percent from November 2005, and represented 8 percent of total Eurodollar options volume.
CME E-mini equity index volume averaged 1.7 million contracts per day in November, up 42 percent compared with November 2005. Total equity options volume grew 37 percent from the same period a year ago, to average 117,000 contracts per day. CME E-mini options volume averaged a record 59,000 contracts per day, up 94 percent from November 2005. CME equity standard volume grew 7 percent to average 128,000 contracts per day.
CME foreign exchange volume in November averaged 508,000 contracts per day, up 38 percent compared with the year-ago period -- achieving a record for highest volume during a non-roll month. Electronic foreign exchange volume increased 42 percent to average a record 457,000 contracts per day compared with November 2005. At the end of November, overall FX open interest reached an all-time record of 1.5 million contracts. Total FX options volume averaged 16,000 contracts per day, up 62 percent from November 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 84,000 contracts per day in November, up 32 percent from the same period a year ago.
NYMEX volume on CME Globex averaged a record 375,000 contracts per day in November, up from 79,000 contracts per day in the second quarter and 175,000 contracts per day in the third quarter. Additionally, NYMEX volume on CME Globex reached a daily record of 554,000 contracts on November 16.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
November 2006 November 2005 Percent Change
CME PRODUCT LINE
Interest Rates 2,859 2,381 20%
E-Minis 1,675 1,180 42%
Equity Standard 128 119 7%
Foreign Exchange 508 369 38%
Commodities and Alt. Inv. 84 64 32%
Sub Total 5,254 4,113 28%
TRAKRS 474 1,673 -72%
Total 5,728 5,786 -1%
VENUE
Open Outcry 1,181 1,166 1%
CME Globex (EX TRAKRS) 4,022 2,907 38%
Privately Negotiated 50 41 23%
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 By Product Line By Venue
Period Commod-
Ending ities Pri-
and vately
Interest E-Minis Equity Foreign Alt. Open CME Nego-
Rates Standard Exchange Inv. Total Outcry Globex tiated
Oct-06 0.495 0.714 1.335 1.133 0.946 0.638 0.469 0.664 3.567
Sep-06 0.496 0.712 1.338 1.146 0.939 0.641 0.475 0.668 3.545
Aug-06 0.484 0.690 1.403 1.131 0.944 0.629 0.467 0.661 3.620
Jul-06 0.486 0.691 1.406 1.110 0.913 0.637 0.484 0.662 3.814
Average Daily Volume (In Thousands)
3-Month By Product Line By Venue
Period Commod-
Ending ities Pri-
and vately
Interest E-Minis Equity Foreign Alt. Open CME Nego-
Rates Standard Exchange Inv. Total Outcry Globex tiated
Nov-06 3,120 1,661 151 476 80 5,489 1,376 4,061 52
Oct-06 3,204 1,535 150 433 74 5,397 1,490 3,855 52
Sep-06 3,148 1,564 154 423 78 5,367 1,517 3,801 50
Aug-06 3,194 1,685 166 411 78 5,535 1,629 3,858 48
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.
Chicago Mercantile Exchange, CME, the globe logo, CME Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. 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 .
