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CME, the world's largest and most diverse financial exchange, today announced July volume averaged 5.2 million contracts per day, up 41 percent from July 2005. Total monthly volume in July 2006 was 104 million contracts. Average daily volume on the CME Globex electronic trading platform increased 47 percent from July 2005 to 3.7 million contracts per day, representing 72 percent of total exchange volume. Total options volume was 1.2 million contracts per day, up 46 percent month over month. Electronic options volume averaged 138,000 contracts per day for the month, up 201 percent from the same period a year ago.
Trading in CME E-mini equity index products averaged 1.7 million contracts per day in July, up 51 percent compared with July 2005. Total equity options volume grew 138 percent to 125,000 contracts per day during the month. CME E- mini options volume averaged a record 52,000 contracts per day, up 233 percent from July 2005. CME E-mini S&P 500 options reached a record 48,000 contracts per day in July, up 222 percent. CME equity standard volume grew 66 percent to average 135,000 contracts per day.
CME total interest rate volume averaged 2.9 million contracts per day in July, up 39 percent from the same period a year ago. CME Eurodollar futures volume was up 37 percent to an average of 1.8 million contracts per day, and CME Eurodollar options volume was up 41 percent to an average of 1.1 million contracts per day. Electronic volume of CME Eurodollar options averaged 85,000 contracts per day during the month, tripling from 29,000 during July 2005 and representing 7.9 percent of Eurodollar options volume.
CME foreign exchange volume in July averaged 373,000 contracts per day, up 19 percent compared with the year-ago period. In July, electronic foreign exchange volume increased 24 percent to 335,000 contracts per day compared with July 2005.
All statistics in this news release exclude data on CME's non-traditional TRAKRS(R) products, and CME Auction Markets(TM) products, unless otherwise noted. All references to options refer to options on futures contracts.
CME commodities and alternative investments volume averaged 81,000 contracts per day in July, up 38 percent over the same period a year ago.
NYMEX volume on the CME Globex platform averaged 100,000 contracts per day in July, up 27 percent compared with June 2006, when products were first available to trade under the current NYMEX-CME agreement.
Open interest for all CME products was 46 million contracts at the end of July, up from 30 million contracts at the end of December. Additionally, the Chicago Board of Trade had 16 million open positions with CME Clearing at month end. Open interest represents the number of contract positions that remain open at the end of a trading session.
CME MONTHLY AVERAGE DAILY VOLUME (In Thousands)
July 2006 July 2005 Percent Change
CME PRODUCT LINE
Interest Rates 2,629 2,114 39%
E-Minis 1,664 1,100 51%
Equity Standard 135 81 66%
Foreign Exchange 373 314 19%
Commodities and Alt. Inv. 81 59 38%
Sub Total 5,183 3,669 41%
TRAKRS 133 25 441%
Total 5,295 3,694 44%
VENUE
Open Outcry 1,419 1,094 30%
CME Globex (Ex TRAKRS) 3,727 2,535 47%
Privately Negotiated 37 40 -8%
Note: CME Weather and GSCI products moved from Equity Standard to Commodities in April, and prior months were adjusted.
CME ROLLING THREE-MONTH AVERAGES (excluding TRAKRS)
Average Rate Per Contract (In Dollars)
3-Month
Period
Ending By Product Line By Venue
Commodities
and Privately
Interest E- Equity Foreign Alt. Open CME Nego-
Rates Minis Standard Exchange Inv. Total Outcry Globex tiated
Jun
-06 0.477 0.698 1.421 1.119 0.921 0.632 0.480 0.657 3.785
May
-06 0.480 0.724 1.429 1.173 0.924 0.644 0.479 0.667 3.700
Apr
-06 0.478 0.717 1.445 1.253 0.948 0.641 0.471 0.667 3.672
Mar
-06 0.493 0.712 1.431 1.253 0.953 0.652 0.477 0.679 3.583
Average Daily Volume (In Thousands)
3-Month
Period
Ending By Product Line By Venue
Commodities
and Privately
Interest E- Equity Foreign Alt. Open CME Nego-
Rates Minis Standard Exchange Inv. Total Outcry Globex tiated
Jul
-06 3,144 1,818 179 452 84 5,677 1,586 4,046 44
Jun
-06 3,236 1,754 173 472 80 5,715 1,647 4,020 49
May
-06 3,123 1,526 156 466 80 5,352 1,535 3,764 53
Apr
-06 3,100 1,403 146 423 72 5,144 1,561 3,526 57
Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME) became the first publicly traded U.S. financial exchange on Dec. 6, 2002. The company was added to the Russell 1000(R) Index on July 1, 2003. It is the parent company of Chicago Mercantile Exchange Inc. ( http://www.cme.com ), the world's largest and most diverse futures exchange. As an international marketplace, CME brings together buyers and sellers on its CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in interest rates, equities, foreign exchange and commodities. The exchange managed $47.2 billion in collateral deposits at June 30, 2006, including $4.6 billion in deposits for non-CME products.
Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which can be obtained at its Web site at http://www.sec.gov . We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Chicago Mercantile Exchange, CME, CLEARING 21, E-mini, CME Auction Markets, the globe logo and Globex are registered trademarks of Chicago Mercantile Exchange Inc. S&P, S&P 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, TRAKRS, Total Return Asset Contracts 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 http://www.cme.com .
