.jpg)
CME Group, the world's largest and most diverse exchange, today announced January volume averaged 14.3 million contracts per day, up 65 percent from January 2007, and second only to August 2007 in terms of highest monthly average daily volume. Total volume exceeded 300 million contracts for the month, of which 79 percent was traded electronically. Total electronic volume averaged 11.4 million contracts per day, up 79 percent from the prior January.
CME Group E-mini equity index daily volume averaged a record 3.9 million contracts per day in January, up 126 compared with January 2007. CME Group interest rate volume averaged 8.7 million contracts per day in January, up 57 percent from January 2007, and representing the second-highest monthly volume to date. CME Group commodities and alternative investments volume averaged 906,000 contracts per day in January, up 17 percent compared with the same period a year ago, and representing the second-highest monthly volume to date. CME Group foreign exchange volume averaged 596,000 contracts per day in January, up 21 percent versus January 2007.
Record NYMEX energy and metals volume on the CME Globex platform increased 42 percent to average 953,000 contracts per day. Other monthly electronic trading volume records reached in January 2008 include electronic Eurodollar futures volume, increasing 76 percent to 3.2 million contracts per day, and electronic commodities and alternative investments volume, increasing 66 percent to 516,000 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.
CME GROUP MONTHLY AVERAGE DAILY VOLUME
(In thousands)
January 2008 January 2007 Percent Change
PRODUCT LINE
Interest Rates 8,733 5,549 57%
E-Minis 3,888 1,720 126%
Equity Standard 190 127 50%
Foreign Exchange 596 494 21%
Commodities and
Alt. Inv.* 906 774 17%
Total 14,313 8,663 65%
VENUE
Open Outcry 2,760 2,173 27%
CME Globex and e-CBOT 11,355 6,353 79%
Privately Negotiated 198 137 45%
* 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 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-
ities Priv-
3-Month Int- Equity and ately
Period erest E- Stand- Foreign Alt. Open Elec- Negot-
Ending Rate Minis ard Exchange Inv. Total Outcry tronic iated
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-
ities Priv-
3-Month Int- Equity and ately
Period erest E- Stand- Foreign Alt. Open Elec- Negot-
Ending Rate Minis ard Exchange Inv. Total Outcry tronic iated
Jan-08 7,390 3,276 187 583 812 12,247 2,241 9,811 195
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
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange Holdings Inc. (CME) and CBOT Holdings, Inc. (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME".
