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- Combined annual volume growth exceeded 20 percent for the seventh straight year
- All major product lines up over 20 percent annually for two consecutive years
- Fourth-quarter average daily volume increased 23 percent to 10.6 million contracts per day
- December average daily volume increased 13 percent to 9.3 million contracts per day
- NYMEX energy and metals product volume on CME Globex more than tripled in 2007 and was up 130 percent in the fourth-quarter, representing sixth consecutive record quarter
CME Group, the world's largest and most diverse exchange, today posted total annual volume during 2007 of nearly 2.8 billion contracts, achieving record volume growth for the seventh consecutive year on a combined basis. The company achieved combined annual volume growth exceeding 20 percent for the seventh straight year and the largest percentage growth year-over-year since 2002. Daily volume in 2007 averaged 11.0 million contracts per day, up 28 percent from 2006. Total electronic volume averaged 8.5 million contracts per day, up 41 percent from the prior year. Total options volume averaged 2.0 million contracts per day, up 14 percent from 2006. Electronic options volume averaged 288,000 contracts per day for the year, up 46 percent.
All CME Group major product lines have achieved year-over-year growth above 20 percent for two consecutive years. CME Group equity index products daily volume averaged 2.7 million contracts for the year, up 47 percent from 2006. Foreign exchange products daily volume averaged 569,000 contracts in 2007, up 26 percent from last year, and representing a notional value of $71 billion. CME Group interest rates increased 23 percent versus 2006 to reach an average 6.9 million contracts per day and the commodities and alternative investments product line grew 20 percent to average 766,000 contracts per day. NYMEX energy and metals volume on the CME Globex platform tripled from 2006 to 2007 to average 757,000 contracts per day.
All references to volume and rate per contract information in the text of this document assume combined legacy CME and legacy CBOT volumes and exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.
Fourth-Quarter Highlights
Fourth-quarter daily volume averaged 10.6 million contracts per day, up 23 percent from the same period last year. Total electronic volume averaged 8.5 million contracts per day, up 34 percent from the fourth-quarter 2006. Total electronic volume as a percentage of total volume grew from 76 percent in the first-quarter 2007 to a record 81 percent in the fourth-quarter 2007.
CME Group equity index product volume averaged 3.0 million contracts per day, up 61 percent from fourth-quarter 2006. Interest rate product volume averaged 6.3 million contracts per day, up 15 percent from the same period a year ago. CME Group foreign exchange product volume increased 10 percent to average 561,000 contracts per day, representing a notional value of $74 billion. Commodities and alternative investments volume averaged 740,000 contracts per day, down 1 percent versus the fourth-quarter 2006. NYMEX energy and metals volume on the CME Globex platform in the fourth-quarter 2007 averaged a record 852,000 contracts per day, more than doubling the average daily volume for the same period a year ago and representing the sixth consecutive record quarter.
December Highlights
December daily volume averaged 9.3 million contracts per day, up 13 percent from the same period last year. Total electronic volume averaged 7.4 million contracts per day, up 22 percent from December 2006. CME Group E-mini equity index product volume posted significant growth, increasing 53 percent versus the same period last year to average 2.5 million contracts per day. The commodities and alternative investments product line volume also demonstrated strong growth, averaging 700,000 contracts per day for the month, up 27 percent versus December 2006.
CME GROUP ANNUAL AVERAGE DAILY VOLUME
(In thousands, average daily volume combined for entire year)
2007 2006 Percent Change
PRODUCT LINE
Interest Rates 6,920 5,612 23%
E-Minis 2,529 1,688 50%
Equity Standard 186 163 14%
Foreign Exchange 569 453 26%
Commodities and Alt. Inv.* 766 638 20%
Total 10,970 8,554 28%
VENUE
Open Outcry 2,283 2,369 -4%
CME Globex and e-CBOT 8,504 6,048 41%
Privately Negotiated 183 137 33%
*CME Group Commodities and Alternative Investments product line includes
the legacy CME Commodities and Alternative Investments product line and
the legacy CBOT Agricultural product line and Metals, Energy and Other
product line.
CME GROUP QUARTERLY AVERAGE DAILY VOLUME
(In thousands)
Q4 2007 Q4 2006 Percent Change
PRODUCT LINE
Interest Rates 6,290 5,470 15%
E-Minis 2,817 1,700 66%
Equity Standard 166 156 6%
Foreign Exchange 561 508 10%
Commodities and Alt. Inv.* 740 748 -1%
Total 10,574 8,581 23%
VENUE
Open Outcry 1,876 2,106 -11%
CME Globex and e-CBOT 8,528 6,342 34%
Privately Negotiated 169 133 27%
CME GROUP MONTHLY AVERAGE DAILY VOLUME
(In thousands)
December 2007 December 2006 Percent Change
PRODUCT LINE
Interest Rates 5,332 5,147 4%
E-Minis 2,520 1,644 53%
Equity Standard 210 206 2%
Foreign Exchange 510 621 -18%
Commodities and Alt. Inv.* 700 552 27%
Total 9,271 8,170 13%
VENUE
Open Outcry 1,661 1,952 -15%
CME Globex and e-CBOT 7,409 6,076 22%
Privately Negotiated 200 141 42%
CME GROUP ROLLING THREE-MONTH AVERAGES
Average Rate Per Contract
(In dollars, and calculated from combined average daily volumes for entire
period)
By Product Line By Venue
Commod-
3-Month Inte- ities Priv-
Period rest Equity Foreign and Alt Open Elect- ately
Ending Rates E-Minis Standard Exchange Inv. Total Outcry ronic Negotiated
Nov-07 0.523 0.671 1.442 0.972 1.070 0.636 0.503 0.623 3.050
Oct-07 0.520 0.663 1.454 0.956 1.056 0.623 0.474 0.618 2.906
Sep-07 0.519 0.673 1.451 0.951 1.032 0.622 0.473 0.613 2.878
Aug-07 0.517 0.677 1.397 0.981 1.040 0.624 0.474 0.612 2.876
Average Daily Volume
(In thousands, average daily volumes combined for entire period)
By Product Line By Venue
Commod-
3-Month Inte- ities Priv-
Period rest Equity Foreign and Alt Open Elect- ately
Ending Rates E-Minis Standard Exchange Inv. Total Outcry ronic Negotiated
Dec-07 6,290 2,817 166 561 740 10,574 1,876 8,528 169
Nov-07 6,847 2,395 173 599 744 11,298 2,149 8,979 169
Oct-07 7,500 3,019 190 601 694 12,004 2,488 9,330 186
Sep-07 8,060 3,057 202 635 716 12,670 2,652 9,806 212
