CME Reports September 2006 Volume Averaged 6.0 Million Contracts per Day, Up 15 Percent from Year-Ago Period; Third-Quarter 2006 Volume Averaged 5.4 Million Contracts per Day, up 28 Percent from Year-Ago Period
- CME FX volume averaged a record 520,000 contracts per day in September, up 26 percent from year-ago period
- NYMEX contracts on CME Globex platform averaged a record 273,000 contracts per day during September
- Options volume on CME Globex averaged a record 148,000 contracts per day during the third quarter
- CME E-mini options volume averaged a record 54,000 contracts per day in September and a record 52,000 contracts per day for the quarter
- CME Eurodollar options volume on Globex averaged a record 95,000 contracts per day for the quarter, reaching a record 8.4 percent of total Eurodollar options volume
CME, the world’s largest and most diverse financial exchange, today announced September volume averaged 6.0 million contracts per day, up 15 percent from September 2005 - the second highest volume month ever. Total monthly volume in September 2006 was 119 million contracts. Average daily volume on the CME Globex electronic trading platform increased 22 percent from September 2005 to 4.3 million contracts per day, representing 72 percent of total exchange volume. Total options volume was 1.3 million contracts per day, up 15 percent month over month. Electronic options volume averaged 156,000 contracts per day for the month, up 100 percent from the same period a year ago.
CME total interest rate volume averaged 3.4 million contracts per day in September, the second highest volume month ever, up 6 percent from the same period a year ago. CME Eurodollar futures volume averaged a record 2.3 million contracts per day, up 4 percent month over month, and CME Eurodollar options volume was up 10 percent to an average of 1.1 million contracts per day. Electronic volume of CME Eurodollar options averaged 100,000 contracts per day during the month, up 80 percent from September 2005 and representing 8.9 percent of Eurodollar options volume, the highest monthly percentage to date.
CME E-mini equity index volume averaged 1.7 million contracts per day in September, up 32 percent compared with September 2005. Total equity options volume grew 100 percent from the same period a year ago, to 123,000 contracts per day. CME E-mini options volume averaged a record 54,000 contracts per day, up 150 percent from September 2005. CME equity standard volume grew 16 percent to average 205,000 contracts per day.
All statistics in this news release exclude data on CME’s non-traditional TRAKRS® products, and CME Auction Markets™products, unless otherwise noted. All references to options refer to options on futures contracts.
CME foreign exchange volume in September averaged a record 520,000 contracts per day, up 26 percent compared with the year-ago period. Electronic foreign exchange volume increased 40 percent to a record 446,000 contracts per day compared with September 2005.
CME commodities and alternative investments volume averaged 86,000 contracts per day in September, up 37 percent from the same period a year ago.
NYMEX volume on the CME Globex platform averaged a record 273,000 contracts per day in September, up 245 percent compared with June 2006, when products were first available to trade under the current NYMEX-CME agreement.
Third-Quarter Highlights
During the third quarter, CME volume averaged 5.4 million contracts per day, up 28 percent from the same period a year ago. Total volume exceeded 338 million contracts. Average daily volume on the CME Globex electronic trading platform increased 32 percent to 3.8 million contracts per day from the same period a year ago, representing 70 percent of total exchange volume. In the third quarter, total options volume averaged 1.3 million contracts per day, up 39 percent compared with third-quarter 2005. Electronic options volume averaged a record 148,000 contracts per day for the quarter, nearly tripling from the same period a year ago.
CME E-mini equity index volume averaged 1.6 million contracts per day during the quarter, up 32 percent compared with third-quarter 2005. CME E-mini options volume averaged a record 52,000 contracts per day, more than tripling from third quarter 2005. CME equity standard volume grew 30 percent to 154,000 contracts per day.
CME total interest rate volume was 3.1 million contracts per day during the quarter, up 27 percent from the same period a year ago. This increase was driven by continued growth in CME Eurodollar options, up 34 percent to 1.1 million contracts per day. CME Eurodollar options volume traded electronically averaged a record 95,000 contracts, up 146 percent from third-quarter 2005. This represented 8.4 percent of total CME Eurodollar options volume, the highest quarterly percentage to date.
CME foreign exchange volume averaged 423,000 contracts per day, up 26 percent compared with third-quarter 2005. During the quarter, electronic foreign exchange volume averaged 375,000 contracts per day, up 36 percent from the same period last year.
CME commodities and alternative
investments volume averaged 78,000 contracts per day for the quarter, up 39 percent from
the same period a year ago.
NYMEX volume on CME Globex averaged
175,000 contracts per day during the third quarter.
Open interest for all CME products was 41 million contracts at the end of the quarter, up from 30 million contracts at the end of December. Additionally, the Chicago Board of Trade had 15 million open positions with CME Clearing at the end of the month. Open interest represents the number of contract positions that remain open at the end of a trading session.
CME QUARTERLY AVERAGE DAILY VOLUME (In Thousands)
|
Q3 2006 |
Q3 2005 |
Percent Change |
CME PRODUCT LINE |
|
|
|
Interest Rates |
3,148 |
2,489 |
27% |
E-Minis |
1,564 |
1,181 |
32% |
Equity Standard |
154 |
118 |
30% |
Foreign Exchange |
423 |
336 |
26% |
Commodities |
78 |
56 |
39% |
Sub Total |
5,367 |
4,179 |
28% |
TRAKRS |
116 |
27 |
324% |
Total |
5,484 |
4,207 |
30% |
|
|
|
|
VENUE |
|
|
|
Open Outcry |
1,517 |
1,263 |
20% |
CME Globex (EX TRAKRS) |
3,801 |
2,869 |
32% |
Privately Negotiated |
50 |
47 |
6% |
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
|
September 2006 |
September 2005 |
Percent Change |
CME PRODUCT LINE |
|
|
|
Interest Rates |
3,400 |
3,203 |
6% |
E-Minis |
1,746 |
1,322 |
32% |
Equity Standard |
205 |
177 |
16% |
Foreign Exchange |
520 |
411 |
26% |
Commodities and Alt. Inv. |
86 |
63 |
37% |
Sub Total |
5,957 |
5,176 |
15% |
TRAKRS |
136 |
25 |
437% |
Total |
6,093 |
5,201 |
17% |
|
|
|
|
VENUE |
|
|
|
Open Outcry |
1,611 |
1,604 |
0% |
CME Globex (EX TRAKRS) |
4,284 |
3,510 |
22% |
Privately Negotiated |
63 |
62 |
0% |
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 |
Total |
By Venue |
||||||
Interest Rates |
E-Minis |
Equity Standard |
Foreign Exchange |
Commodities and Alt. Inv. |
Open Outcry |
CME Globex |
Privately Negotiated |
||
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 |
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 |
Average Daily Volume (In Thousands)
3-Month Period Ending |
By Product Line |
Total |
By Venue |
||||||
Interest Rates |
E-Minis |
Equity Standard |
Foreign Exchange |
Commodities and Alt. Inv. |
Open Outcry |
CME Globex |
Privately Negotiated |
||
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 |
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 |
CME (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® 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® Index and the S&P 500® 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 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.
