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CME Sets New GLOBEX® Foreign Exchange (FX) Volume Record - Electronically Traded EuroFX, Japanese Yen, Canadian Dollars Among New Records

Date 21/01/2004

Chicago Mercantile Exchange Inc. (CME) announced that it set a new trading volume record for foreign exchange (FX) trading on its GLOBEX® electronic trading platform as combined GLOBEX FX futures volume hit 162,721 on Tuesday, Jan. 20. The notional - or face - value of the contracts was $20.6 billion.

GLOBEX FX volume as a percentage of Tuesday's total FX volume of 258,905 was 63 percent. Trading was especially heavy in five key futures products - EuroFX, Japanese yen, Canadian and Australian dollars, and British pounds - which each set new records and helped drive the combined record. The total GLOBEX volumes in each record-setting product were as follows:

Product

GLOBEX 1/20/04 Volume

EuroFX

80,813

Japanese yen

21,225

Canadian dollar

18,061

British pound

16,840

Australian dollar

11,929

CME offers the largest regulated FX trading complex in the world, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 30 individual FX futures and 15 options on futures products. In 2003, over 34 million FX contracts with a notional value of over $3.7 trillion were traded at CME.

Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX® electronic trading platform. 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 2003 and managed $37.6 billion in collateral deposits at Dec. 31, 2003, including $1.5 billion for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.

Chicago Mercantile Exchange, CME and GLOBEX are registered trademarks of Chicago Mercantile Exchange Inc.