The records beat those set on Feb. 21, when 306,417 contracts traded on GLOBEX2, including 147,028 E-mini S&P 500 and 126,645 E-mini Nasdaq-100 contracts. Last week, records were set on Feb. 14 at 297,100 for GLOBEX2, 138,187 E-mini S&P 500 contracts and 126,045 E-mini Nasdaq-100 contracts.
As the fastest growing contracts in CME history, the E-mini index products provide customers with risk management and asset allocation choices in a broad-based market index and in the volatile technology sector. Each E-mini S&P 500 futures contract, sized at $50 times the index level, represents an underlying value of $62,875 as of yesterday’s close. For E-mini Nasdaq-100 futures, each contract is sized at $20 times the index, or an underlying value of approximately $41,000.
The electronically traded indexes are available to customers virtually around the clock from 3:45 p.m. until 3:15 p.m. the following day.
Chicago Mercantile Exchange Inc. (www.cme.com) is an international marketplace that brings together buyers and sellers on its trading floors and GLOBEX2 around-the-clock electronic trading system. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign currencies and agricultural commodities. On Nov. 13, 2000, CME finalized its transformation into a for-profit, shareholder-owned corporation as it became the first U.S. financial exchange to demutualize by converting its membership interests into shares of common stock that can trade separately from exchange trading privileges. The exchange moves about $1 billion per day in settlement payments, manages $25 billion in collateral deposits and administers more than $1 billion of letters of credit.
