Volume in CME foreign exchange products grew 66 percent in January, compared with the same period last year, reaching an average daily volume of 288,000 contracts – the highest average daily volume ever in a non-roll month. Also during January, electronically traded CME foreign exchange products grew 117 percent from January 2004 to reach a record 228,000 contracts per day. This performance exceeded the record of 210,000 set last December.
CME total interest rate volume exceeded 2 million contracts per day in January, up 30 percent from the same period a year ago, and represented the second highest monthly average daily volume ever. Electronic trading represented 52 percent of total CME interest-rate trading during the month. CME Eurodollar futures traded electronically averaged more than 1 million contracts per day, and reached 75 percent of total CME Eurodollar volume in January, compared with 10 percent in January 2004. CME Eurodollar futures also hit a new open interest record of 7.5 million on January 31.
Trading in CME E-mini™ equity index products averaged nearly 1.3 million contracts per day in January, up 25 percent compared with the same period last year. This was the highest monthly volume ever, beating the May 2004 record of 1.2 million.
In commodities, CME average daily volume of 54,000 contracts in January was higher than any month in 2004.
Open interest for all CME products at month end was more than 36 million contracts, including 10 million Total Return Asset ContractsSM (TRAKRS). Additionally, Chicago Board
of Trade (CBOT) had approximately 10.9 million open contract positions at the CME Clearing House at the end of January. Open interest represents the number of contract positions which are not closed out at the end of a trading session. CBOT’s average daily volume in January exceeded 2.2 million contracts per day.
CME AVERAGE DAILY VOLUME (In Thousands)
|
|
January 2005 |
January 2004 |
Percentage Change |
|
PRODUCT GROUP |
|
|
|
|
Interest Rates |
2,020 |
1,551 |
30% |
|
E-Mini’s |
1,268 |
1,013 |
25% |
|
Equity Standard |
98 |
90 |
9% |
|
Foreign Exchange |
288 |
173 |
66% |
|
Commodities |
54 |
39 |
39% |
|
Sub Total |
3,729 |
2,866 |
30% |
|
TRAKRS |
37 |
243 |
-85% |
|
Total |
3,766 |
3,109 |
21% |
|
|
|
|
|
|
VENUE |
|
|
|
|
Open Outcry |
1,119 |
1,600 |
- 30% |
|
GLOBEX (Ex TRAKRS) |
2,563 |
1,228 |
109% |
|
Privately Negotiated |
48 |
38 |
24% |
