The record was driven by across-the-board strength in all CME product areas, with especially heavy trading in interest rate products, led by 2.9 million Eurodollar contracts, and E-mini equity index contracts, which had combined volume of nearly 1.3 million contracts. Friday's volume topped the previous single-day trading record of 4.3 million contracts set on July 31, 2003.
The notional - or face - value of contracts traded Friday was over $3 trillion. Open interest in all CME products stood at 30.7 million contracts at the end of Friday's trading session. Open interest represents contract positions which remain open at the end of the trading day.
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. E-mini is a trademark of CME. 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 www.cme.com
