Trading volume on CME's GLOBEXÒ electronic trading platform also achieved a record in July, with 23,266,237 contracts traded - a 44 percent increase from the previous record of 16.2 million contracts in June 2002 and a 272 percent increase from July 2001 levels. Year-to-date through July, GLOBEX volume rose 128 percent to 96,404,671 contracts versus the same period a year ago. Year-to-date GLOBEX volume was 30 percent of CME's total volume, compared with 19 percent of total volume in the first seven months of 2001.
July 2002 trading volume on CME's open outcry trading floors set a record for any July, at 35.4 million contracts, and was the second highest monthly volume for open outcry in CME's history. The highest volume month for open outcry trading was November 2001, with 35.7 million contracts.
The July 2002 data includes a new GLOBEX daily volume record of 2,171,587 contracts set on July 31. Of that day's total, 1,313,910 contracts were posted in the special opening procedure for the launch of Long-Short Technology TRAKRSSM (Total Return Asset ContractsSM), and represented orders taken since the product was announced on July 8. GLOBEX traded more than one million contracts on 11 days in July and established its previous record day on July 24 at 1.5 million contracts traded.
During July 2002, CME's average daily volume was nearly 2.7 million contracts. Excluding the one-day volume of TRAKRS, July's average daily volume would have been nearly 2.64 million contracts. In comparison, average daily volume was 2.2 million contracts for the first seven months of 2002 and 1.4 million contracts for July 2001.
In CME's product sectors:
- Stock index products set an all-time monthly record in July with 25.1 million contracts traded, an increase of 34 percent from the previous record volume month of June 2002 and an increase of 231 percent from July 2001. Both stock index futures and options on futures set all-time records for the month. For the year to date, stock index product volume increased 88 percent to 107.4 million contracts.
- Interest rate products set a new July record of nearly 31.7 million contracts, up 61 percent from July 2001.
- Volume in foreign exchange products increased 17 percent to nearly 2.0 million contracts for July 2002, compared with about 1.7 million contracts in July 2001.
|
Contract |
All-Time Volume Record |
|
E-mini S&P 500 futures |
14.3 million contracts |
|
E-mini Nasdaq-100 futures |
5.8 million contracts |
|
S&P 500 options on futures |
697,024 contracts |
|
E-mini Russell 200 futures |
90,899 contracts |
|
E-mini S&P MidCap 400 futures |
32,775 contracts |
Products that set records for trading in any month of July
include:
|
Contract |
July Volume Record |
|
Eurodollar futures |
20.4 million contracts |
|
Eurodollar options on futures |
11.2 million contracts |
|
S&P 500 futures |
2.2 million contracts |
|
EuroFX futures |
676,157 contracts |
|
Nasdaq-100 futures |
454,630 contracts |
|
Canadian dollar futures |
278,843 contracts |
|
EuroFX options on futures |
104,301 contracts |
|
Milk futures |
8,120 contracts |
At July 31, 2002, open interest stood at 18.4 million positions, an increase of 34 percent from 13.7 million positions a year earlier.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. 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 $1.6 billion per day in settlement payments and manages $27.4 billion in collateral deposits. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc.
E-mini is a trademark of Chicago Mercantile Exchange Inc. S&P, S&P 500, Nasdaq 100, S&P/BARRA Growth, S&P/BARRA Value, S&P MidCap 400, Russell 2000 and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at www.cme.com.
