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- NYMEX Electronic Trading Volume Increases 484%
- COMEX Electronic Trading Volume Rises 1005%
NYMEX electronic volume on the CME Globex® electronic trading platform was 636,774 contracts per day and represented a 484% increase over 108,992 contracts per day in July 2006 electronic volume on NYMEX ACCESS®. NYMEX floor-traded energy futures and options averaged 227,316 contracts per day for July 2007.
COMEX electronic volume on CME Globex averaged 113,109 contracts per day and represented a 1005% increase over 10,238 contracts per day in July 2006 NYMEX ACCESS electronic volume. COMEX floor–traded average daily volume was 38,566 contracts for July 2007.
Average daily volume on NYMEX ClearPort® was 365,427 contracts for July 2007, compared to 373,856 for July 2006. The remaining volume of 65,208 trades per day consisted of other transactions which includes position transfers and exchanges.
Rolling Average Rate Per Contract – The three month rolling gross average rate per contract for the period May through July 2007, was $1.55, while the net average rolling rate per contract, including direct transaction costs, for the same period was $1.28. Excluding a one-time NYMEX ClearPort incentive, the three month rolling gross average rate per contract for the period May through July 2007, was $1.58, while the net average rolling rate per contract, including direct transaction costs, for the same period was $1.31. July rates per contract and transaction costs are estimated.
Final June Rate Per Contract – The following represents the final June rates per contract after adjustments to the estimated rate per contract we provided last month. Gross average rate per contract across all venues in June 2007 was $1.55, while the net average rate per contract, including direct transaction costs, was $1.28. This is compared to gross average rate per contract of $1.51, and a net average rate per contract of $1.35 for June 2006. Direct transaction costs were $7.914 million for June 2007 versus $3.641 million for June 2006.
Estimated July Rate Per Contract – The following July average rate per contract is estimated. It includes the one–time NYMEX ClearPort incentive, which can be seen in our proforma table included below. Gross average rate per contract across all venues in July 2007 was $1.49, while the net average rate per contract, including direct transaction costs, was $1.23. This is compared to gross average rate per contract of $1.53, and a net average rate per contract of $1.35 for July 2006. Gross average rate per contract across all venues in July 2007, excluding a one-time NYMEX ClearPort incentive, was $1.58, while the net average rate including direct transaction costs was $1.32. Direct transaction costs were an estimated $7.856 million for July 2007 versus $4.139 million for July 2006.
Note: Because we are providing an additional level of up–to–date information regarding our recent monthly rates per contract, our volumes and rates press releases will be issued within approximately seven business days into the month. The above figures are preliminary and may change slightly due to the fact that the last days of the month have not been finalized and are thus subject to adjustments and corrections. Average daily volume is based on 21 trading days for July 2007 and 19 days for July 2006. As previously noted, member rates were increased on May 1, 2007 for NYMEX Division contracts traded on CME Globex and the floor, as announced April 12, 2007. Finally, to assist users of our rate information, for this month we are including a proforma reconciliation of the one-time NYMEX ClearPort incentive.
