NYMEX Holdings, Inc. (NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities futures and options exchange, today announced that average daily volume was 1.826 million contracts for June 2008, a 29% increase from 1.414 million contracts per day in June 2007.
NYMEX electronic volume on the CME Globex® electronic trading platform averaged 889,268 contracts per day for June 2008, representing a 40% increase over 634,390 contracts per day in June 2007 electronic volume. NYMEX floor- traded energy futures and options averaged 218,189 contracts per day for June 2008.
COMEX electronic volume on CME Globex averaged 168,701 contracts per day for June 2008, and represented a 65% increase over 102,307 contracts per day in June 2007 electronic volume. COMEX floor-traded average daily volume was 37,531 contracts for June 2008.
Average daily volume on the NYMEX ClearPort® clearing platform was 406,963 contracts for June 2008, compared to 305,225 contracts for June 2007, representing a 33% increase. The remaining volume of 105,532 trades per day consisted of other transactions which include position transfers and exchanges.
Rolling Average Rate Per Contract -- The three month rolling average gross rate per contract for the period April through June 2008 was $1.55, while the average net rolling rate per contract, including direct transaction costs, for the same period was $1.31. June rates per contract and direct transaction costs are estimated (see Note below).
Final May Rate Per Contract -- The following represents the final May 2008 rates per contract after adjustments to the estimated rate per contract we provided last month. Gross average rate per contract across all venues in May 2008 was $1.57, while the net average rate per contract, including direct transaction costs, was $1.33. This is compared to a gross average rate per contract of $1.61, and a net average rate per contract of $1.33 for May 2007. Direct transaction costs were $9.487 million for May 2008 versus $8.496 million for May 2007.
Estimated June Rate Per Contract -- The following June average rates per contract are estimated (see Note below). Gross average rate per contract across all venues in June 2008 was $1.56, while the net average rate per contract, including direct transaction costs, was $1.32. This is compared to gross average rate per contract of $1.54, and a net average rate per contract of $1.28 for June 2007. Direct transaction costs were an estimated $9.344 million for June 2008 versus $7.914 million for June 2007.