Year-to-date, CME average daily volume for 2003 was 2.5 million, an increase of 15 percent over average daily volume of 2.2 million for all of 2002.
Significantly contributing to the overall total volume gain was increased activity on CME's GLOBEX® electronic trading platform, with year-to-date volume through Thursday of 244 million - more than CME's total volume of 231.1 million in 2000. Average daily volume year-to-date on GLOBEX is approximately 1.1 million contracts, an increase of 41 percent compared to all of last year. Year to date, trading on GLOBEX accounted for 43 percent of all exchange volume.
Overall trading volume in each of CME's major product groups - interest rates, equity indexes, foreign exchange and commodities - is also up for the year compared to year-ago levels. The percentage of total contracts traded via GLOBEX continued to increase among each product group, especially foreign exchange in which 43 percent of volume is traded electronically.
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 $1.5 billion per day in settlement payments in the first nine months of 2003 and managed $29.6 billion in collateral deposits at Sept. 30, 2003. 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. Further information about CME and its products is available on the CME Web site at www.cme.com.
