In September, CME average daily volume was a record 5.2 million contracts, up 45 percent from September 2004. Representing 68 percent of total exchange volume during September, trading on the CME Globex platform averaged a record 3.5 million contracts per day, up 60 percent from September 2004. CME’s foreign exchange (FX) markets hit a monthly average daily volume record of 411,000 contracts per day, an increase of 74 percent from the same period a year ago. Interest rate products exceeded 3 million contracts per day for the first month ever, with 3.2 million contracts per day, up 51 percent from September 2004.
Third-quarter results include the following highlights:
- CME FX markets averaged a record 336,000 contracts per day, representing a notional value of $43 billion per day and an increase of 74 percent from the same period a year ago.
- Electronic trading in CME FX markets also hit a record, reaching 275,000 contracts per day.
- Trading in CME interest rate products of 2.5 million contracts per day was up 34 percent compared with third-quarter 2004.
- CME E-mini™ volume of 1.2 million contracts per day was up 15 percent compared with the same period a year ago.
- Total CME options volume averaged a record 910,000 options contracts per day, and overall electronic options averaged a record 56,000 contracts per day.
September results include the following highlights:
- Total futures volume exceeded 4 million contracts per day for the first time ever, and total options volume exceeded 1 million contracts per day for the first time.
- CME electronic options averaged a record 79,000 contracts per day, up 71 percent from its previous high in July 2005.
- CME had its busiest trading day ever on September 1, with 10.7 million contracts traded, and set an open interest record of 36 million contracts on September 15.
- CME electronic FX reached a record 319,000 contracts per day in September, up 108 percent from September 2004.
- CME E-mini® volume reached 1.3 million contracts during September, up 31 percent compared with September 2004.
- CME E-mini S&P 500® options averaged a record 21,000 contracts per day.
- CME Eurodollar futures averaged a record 2.2 million contracts per day; of that, a record 1.8 million contracts were traded electronically on the CME Globex platform.
- CME Eurodollar options exceeded a record 1 million contracts per day. Eurodollar options on CME Globex averaged a record 56,000 contracts per day following the integration of new options functionality.
CME AVERAGE DAILY VOLUME (In Thousands)
|
|
Q3 2005 |
Q3 2004 |
Percent Change |
|
CME PRODUCT LINE |
|
|
|
|
Interest Rates |
2,489 |
1,854 |
34% |
|
E-Minis |
1,181 |
1,025 |
15% |
|
Equity Standard |
120 |
111 |
8% |
|
Foreign Exchange |
336 |
193 |
74% |
|
Commodities |
50 |
41 |
23% |
|
Sub Total |
4,179 |
3,223 |
30% |
|
trakrs |
27 |
32 |
-13% |
|
Total |
4,207 |
3,255 |
29% |
|
|
|
|
|
|
VENUE |
|
|
|
|
Open Outcry |
1,263 |
1,191 |
6% |
|
CME Globex (Ex trakrs) |
2,869 |
1,982 |
45% |
|
Privately Negotiated |
47 |
50 |
-7% |
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
|
|
September 2005 |
September 2004 |
Percent Change |
|
CME PRODUCT LINE |
|
|
|
|
Interest Rates |
3,203 |
2,128 |
51% |
|
E-Minis |
1,322 |
1,010 |
31% |
|
Equity Standard |
179 |
160 |
12% |
|
Foreign Exchange |
411 |
237 |
74% |
|
Commodities |
56 |
45 |
25% |
|
Sub Total |
5,176 |
3,579 |
45% |
|
trakrs |
25 |
29 |
-13% |
|
Total |
5,201 |
3,608 |
44% |
|
|
|
|
|
|
VENUE |
|
|
|
|
Open Outcry |
1,604 |
1,329 |
21% |
|
Globex (Ex trakrs) |
3,510 |
2,192 |
60% |
|
Privately Negotiated |
62 |
58 |
7% |
CME RATE PER CONTRACT THROUGH AUGUST 2005 (excluding trakrs)
Average Rate Per Contract (In Dollars)
Rolling Three-Month Average
|
3-Month Period Ending |
By Product Line |
Total |
By Venue |
||||||
|
Interest Rates |
E-Minis |
Equity Standard |
Foreign Exchange |
Commodities |
Open Outcry |
CME Globex |
Privately Negotiated |
||
|
Aug-05 |
0.506 |
0.692 |
1.346 |
1.361 |
0.886 |
0.664 |
0.470 |
0.696 |
3.604 |
|
Jul-05 |
0.502 |
0.684 |
1.324 |
1.348 |
0.855 |
0.655 |
0.472 |
0.679 |
3.561 |
|
Jun-05 |
0.506 |
0.687 |
1.330 |
1.357 |
0.870 |
0.651 |
0.467 |
0.678 |
3.615 |
Average Daily Volume (In Thousands)
Rolling 3 Month Average
|
3-Month Period Ending |
By Product Line |
Total |
By Venue |
||||||
|
Interest Rates |
E-Minis |
Equity Standard |
Foreign Exchange |
Commodities |
Open Outcry |
CME Globex |
Privately Negotiated |
||
|
Aug-05 |
2,235 |
1,151 |
118 |
329 |
46 |
3,879 |
1,122 |
2,712 |
45 |
|
Jul-05 |
2,311 |
1,179 |
119 |
334 |
50 |
3,994 |
1,107 |
2,839 |
47 |
|
Jun-05 |
2,577 |
1,301 |
124 |
332 |
46 |
4,380 |
1,210 |
3,144 |
47 |
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 CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.6 billion per day in settlement payments in first-half of 2005 and managed $43.7 billion in collateral deposits at June 30, 2005, including $4.0 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® 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 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.
