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CME: Trading Volume Soars To Highest Level In Exchange History

Date 08/03/2002

Trading volume on Chicago Mercantile Exchange Inc. (CME) rose to its highest level in the exchange's 104-year history yesterday, March 7, with 3,542,992 contracts traded. The record surpasses the previous single-day record of 3,327,358 set on Nov. 15, 2001. The underlying value of the contracts traded yesterday was more than $2.6 trillion.

Included in yesterday's volume is a single-day record for open outcry trading of futures contracts on CME of 2,026,500 - the first time open outcry futures volume surpassed the 2 million mark. The previous record was 1,894,698 contracts set on Nov. 15, 2001.

Also on March 7, electronic trading volume in foreign exchange futures at CME set a new record of 45,022, topping the previous record of 43,584 set on Dec. 14, 2001. CME introduced "side-by-side" electronic and open outcry trading of CME foreign exchange and cross-rate futures contracts in April 2001.

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 around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $28.2 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.