A total of 811,443 Eurodollar futures contracts were traded yesterday on GLOBEX, CME’s electronic trading platform, surpassing by 32 percent the previous record of 615,932 set on April 5, 2004. For the month, total Eurodollars on GLOBEX volume of 5,241,108 has already set a new single-month record surpassing March 2004’s total of 4,974,629, with seven trading sessions remaining in the month. Average daily volume of Eurodollars on GLOBEX for April was 374,365, up 73 percent from the prior month.
Also yesterday, total volume on GLOBEX* established its second highest single- day trading volume, surpassed only by the 2,596,941 contracts traded on GLOBEX on March 11, 2004.
CME also reported a new open interest record in milk futures of 37,529 positions at the close of trading Wednesday. Milk options on futures also set a new record open interest of 27,160 positions. Open interest represents the number of contract positions which remain open at the end of a trading session.
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 quarter of 2004 and managed $38.1 billion in collateral deposits at March 31, 2004. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
* Exclusive of CME’s non-traditional TRAKRS products.