News Release

CME Reports May 2007 Volume Averaged 6.1 Million Contracts Per Day, Up 23 Percent Sequentially and 12 Percent From Year-Ago Period

Fri Jun 01 2007

 

  • CME May volume represented exchange's third highest monthly volume ever
  • CME reached record open interest of 54.3 million contracts on May 31
     
  • May NYMEX energy and metals volume on CME Globes averaged a record 702,000 contracts per day
     
  • Total exchange volume year-to-date through May rose 19 percent to average 6.1 million contracts per day

    CHICAGO, June 1 -- CME, the world's largest and most diverse derivatives exchange, today announced May 2007 volume averaged 6.1 million contracts per day, up 23 percent sequentially and 12 percent from May 2006. This represents CME's third highest monthly volume ever. Total exchange volume year-to-date through May rose 19 percent to average 6.1 million contracts per day. Volume on the CME Globex electronic trading platform increased 11 percent from May 2006 to average 4.4 million contracts per day, representing 73 percent of total exchange volume. Total options volume was 1.4 million contracts per day, up 31 percent from May 2006. Electronic options volume averaged 172,000 contracts per day for the month, up 55 percent from the same period a year ago, and represented 12 percent of total CME options volume.

    CME total interest rate product volume averaged 3.6 million contracts, up 20 percent from May 2006. CME Eurodollar futures volume averaged 2.3 million contracts per day, up 14 percent from the same period a year ago, and CME Eurodollar options volume averaged 1.3 million contracts per day, up 32 percent. Electronic volume of CME Eurodollar options averaged 86,000 contracts per day, up 30 percent from May 2006, and represented 7 percent of total Eurodollar options volume.

    CME E-mini index product volume averaged 1.8 million contracts per day, up 8 percent from May 2006. Total equity options volume grew 26 percent from the same period a year ago to average 153,000 contracts per day. CME E-mini equity index options volume increased 83 percent from May 2006 to average 80,000 contracts per day, with monthly records in E-mini S&P options and E-mini Russell 2000 options of 64,000 and 11,000 contracts per day, respectively. CME equity standard volume averaged 142,000 contracts per day, down 11 percent. CME foreign exchange volume in May averaged 482,000 contracts per day, down 4 percent compared with the year-ago period.

    CME commodities and alternative investment products volume averaged 81,000 contracts per day in May, down 4 percent compared with the same period a year ago. Commodities volume on the CME Globex platform was a record 6,300 contracts per day, representing a record 8 percent of total commodities and alternative investments volume.

    All statistics in this news release exclude data on CME's non-traditional TRAKRS® products, and CME Auction Markets™ products, unless otherwise noted. All references to options refer to options on futures contracts.

    During May, CME Clearing handled Chicago Board of Trade volumes of 4.2 million contracts per day, up 16 percent from the year-ago period. NYMEX energy and metals volume on the CME Globex platform averaged a record 702,000 contracts per day.

    Open interest for all CME products was a record 54.3 million contracts at the end of May, up from 35 million contracts per day at the end of December. Additionally, the Chicago Board of Trade had 17 million open positions with CME Clearing at the end of the month. 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)
    
                                    May 2007         May 2006     Percent Change
      CME PRODUCT LINE
      Interest Rates                  3,552            2,970               20%
      E-Minis                         1,817            1,688                8%
      Equity Standard                   142              159              -11%
      Foreign Exchange                  482              501               -4%
      Commodities and Alt. Inv.          81               84               -4%
        Sub Total                     6,074            5,402               12%
      TRAKRS                            131              159              -18%
        Total                         6,204            5,562               12%
    
      VENUE
      Open Outcry                     1,600            1,390               15%
      CME Globex (Ex TRAKRS)          4,425            3,973               11%
      Privately Negotiated               48               40               22%
    
      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)
    
             |         By Product Line           |     |      By Venue
             |                            Commod-|     |                Privat-
      3-Month|Inte-        Equity          ities |     |                 ely
      Period | rest        Stan-  Foreign and Alt|     | Open    CME    Negot-
      Ending |Rates E-Minis dard Exchange   Inv. |Total|Outcry  Globex  iated
      Apr-07 0.495  0.710  1.392   1.121   0.960  0.649  0.503  0.659   3.601
      Mar-07 0.492  0.706  1.414   1.109   0.944  0.644  0.489  0.657   3.650
      Feb-07 0.509  0.712  1.419   1.107   0.953  0.657  0.506  0.666   3.645
      Jan-07 0.508  0.717  1.434   1.072   0.931  0.658  0.508  0.667   3.649
    
    
    
      Average Daily Volume (In Thousands)
    
             |         By Product Line           |     |      By Venue
             |                            Commod-|     |                Privat-
      3-Month|Inte-        Equity          ities |     |                 ely
      Period | rest        Stan-  Foreign and Alt|     | Open    CME    Negot-
      Ending |Rates E-Minis dard Exchange   Inv. |Total|Outcry  Globex  iated
      May-07 3,538  1,918    192     525      83  6,256  1,553  4,648      55
      Apr-07 3,517  1,920    197     535      83  6,252  1,494  4,699      58
      Mar-07 3,639  1,977    190     555      93  6,454  1,578  4,815      61
      Feb-07 3,220  1,649    155     541      78  5,643  1,416  4,168      58

    CME (http://www.cme.com/) is the world's largest and most diverse financial exchange. As an international marketplace, CME brings together buyers and sellers on the CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures in these product areas: interest rates, stock indexes, foreign exchange, agricultural commodities, energy, and alternative investment products such as weather, real estate and economic derivatives. CME is a wholly-owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME)(NASDAQ: CME), which is part of the Russell 1000® Index and the S&P 500® Index.

    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 Annual Report on Form 10-K, 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, the globe logo, CME Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CLEARING 21 is a registered trademark of CME and New York 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/.

    CME-G

    SOURCE: Chicago Mercantile Exchange

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