CHICAGO, Oct. 2 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that September 2008 volume averaged 15.7 million contracts per day, up 18 percent from September 2007 and up 44 percent compared with August 2008, assuming combined CME Group/NYMEX volumes. Total monthly volume exceeded 328 million contracts, a record 81 percent of which were traded electronically. On a combined basis, CME Group third-quarter 2008 volume averaged 13.2 million contracts per day, down 7 percent from the same period last year. On the same basis, CME Group year-to-date 2008 volume through September averaged 13.9 million contracts per day, up 10 percent from the same period in 2007.
September 2008 Highlights
CME Group E-mini equity index volume averaged a record 4.8 million contracts per day, up 66 percent compared with September 2007. CME Group foreign exchange (FX) contracts volume averaged a record 835,000 contracts per day, up 32 percent, and represented a record average daily notional value of $111 billion, up 41 percent. CME Group interest rate volume averaged 7.1 million contracts per day, down 1 percent compared with the same period in 2007. CME Group commodities and alternative investments volume averaged 736,000 contracts per day, up 3 percent from September 2007.
All references to CME Group volume and rate per contract information in the text of this document exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.
Total NYMEX volume averaged 1.9 million contracts for September 2008, up 17 percent compared with the same period last year. Monthly NYMEX energy futures and options volume averaged 1.0 million contracts per day, up 5 percent from September 2007. COMEX metals volume averaged 266,000 contracts per day for September 2008, up 65 percent. Average daily volume on NYMEX ClearPort was 521,000 contracts for September 2008, up 44 percent compared with September 2007. The remaining NYMEX volume of 65,000 trades per day consisted of other transactions, which include position transfers and exchanges.
Third-Quarter 2008 Highlights
CME Group E-mini equity index volume averaged a record 3.6 million contracts per day, up 19 percent compared with third-quarter 2007. CME Group FX volume averaged a record 710,000 contracts per day, up 12 percent, and represented a record average daily notional value of $97 billion, up 24 percent. CME Group commodities and alternative investments volume averaged 822,000 contracts per day, up 15 percent from the same period in 2007. CME Group interest rate volume averaged 6.0 million contracts per day, down 25 percent compared with the third quarter last year.
Total NYMEX volume averaged 1.8 million contracts for third-quarter 2008, up 23 percent compared with third-quarter 2007. Quarterly NYMEX energy futures and options volume averaged 1.0 million contracts per day, up 12 percent from the same period last year. COMEX metals volume averaged 250,000 contracts per day for third-quarter 2008, up 66 percent. Average daily volume on NYMEX ClearPort was 492,000 contracts, up 40 percent compared with the same period in 2007. The remaining NYMEX volume of 65,000 trades per day consisted of other transactions, which include position transfers and exchanges.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange Pro Forma ADV (Legacy CME, CBOT, and NYMEX combined, in thousands)
September 2008 September 2007 Percent Change Total 15,662 13,221 18% CME Group ADV (Legacy CME and CBOT combined, in thousands) PRODUCT LINE September 2008 September 2007 Percent Change Interest Rates 7,086 7,127 -1% E-minis 4,801 2,894 66% Equity Standard 304 235 29% FX 835 635 32% Commodities and Alt. Inv. 736 712 3% Total 13,762 11,603 19% VENUE September 2008 September 2007 Percent Change Open outcry 1,962 2,554 -23% CME Globex 11,598 8,846 31% Privately negotiated 202 202 0% NYMEX/COMEX ADV (In thousands) September 2008 September 2007 Percent Change NYMEX floor 189 231 -18% NYMEX electronic 860 768 12% COMEX floor 38 40 -5% COMEX electronic 228 121 88% NYMEX ClearPort 521 363 44% Other 65 96 -32% Total 1,900 1,618 17% QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange Pro Forma ADV (Legacy CME, CBOT, and NYMEX combined, in thousands)
Q3 2008 Q3 2007 Percent Change Total 13,236 14,161 -7% CME Group ADV (Legacy CME and CBOT combined, in thousands) PRODUCT LINE Q3 2008 Q3 2007 Percent Change Interest Rates 6,030 8,060 -25% E-minis 3,638 3,057 19% Equity Standard 204 202 1% FX 710 635 12% Commodities and Alt. Inv. 822 716 15% Total 11,404 12,670 -10% VENUE Q3 2008 Q3 2007 Percent Change Open outcry 1,602 2,652 -40% CME Globex 9,641 9,806 -2% Privately negotiated 161 212 -24% NYMEX/COMEX ADV (In thousands) Q3 2008 Q3 2007 Percent NYMEX/COMEX Change Standalone Post-Close* NYMEX floor 193 229 -15% 172 NYMEX electronic 831 687 21% 804 COMEX floor 36 36 -1% 33 COMEX electronic 214 114 88% 206 NYMEX ClearPort 492 351 40% 506 Other 65 74 -12% 60 Total 1,831 1,491 23% 1,782 * Represents NYMEX/COMEX average daily volume from August 22, 2008 through September 30, 2008. Note: The NYMEX acquisition was completed on August 22, 2008. Third-quarter 2008 CME Group average daily volume, plus NYMEX average daily volume from August 22nd through September 30th, totals 12.2 million contracts. ROLLING THREE-MONTH AVERAGES CME Group (Legacy CME and CBOT combined) Average Rate Per Contract (In dollars) 3-Month Period Ending Aug-08 Jul-08 Jun-08 May-08 Interest Rates 0.519 0.518 0.522 0.527 E-minis 0.670 0.665 0.668 0.661 Equity Standard 1.444 1.455 1.453 1.473 FX 0.911 0.905 0.907 0.918 Commodities/ Alt. Investments 1.155 1.146 1.134 1.114 Total 0.658 0.647 0.648 0.644 Open outcry 0.608 0.594 0.572 0.575 Electronic 0.634 0.624 0.629 0.622 Privately negotiated 2.481 2.464 2.427 2.354 Average Daily Volume (In thousands) 3-Month Period Ending Sep-08 Aug-08 Jul-08 Jun-08 Interest Rates 6,030 5,922 6,438 6,467 E-minis 3,638 3,211 3,186 2,833 Equity Standard 204 179 177 161 FX 710 687 675 665 Commodities/ Alt. Investments 822 945 913 933 Total 11,404 10,945 11,388 11,060 Open outcry 1,602 1,580 1,721 1,836 Electronic 9,641 9,202 9,494 9,054 Privately negotiated 161 162 173 170 NYMEX/COMEX Average Rate Per Contract (In dollars, on a pro forma basis*) 3-Month Period Ending Aug-08 Jul-08 Jun-08 May-08 NYMEX floor 1.40 1.63 1.61 1.59 NYMEX electronic 1.32 1.32 1.30 1.30 COMEX floor 1.64 1.63 1.71 1.70 COMEX electronic 1.73 1.73 1.71 1.68 NYMEX ClearPort 1.60 1.58 1.57 1.54 Other 1.86 1.85 1.85 1.88 Total Pro Forma Average Net Rate 1.48 1.50 1.48 1.47 Direct Transaction Cost 0.08 0.08 0.08 0.08 Total Pro Forma Average Gross Rate 1.56 1.58 1.56 1.55 * Pro forma adjustment excludes the Globex payment to CME Group from the NYMEX electronic, COMEX electronic and Direct Transaction Cost lines. Average Daily Volume (In thousands) 3-Month Period Ending Sep-08 Aug-08 Jul-08 Jun-08 NYMEX floor 193 208 232 238 NYMEX electronic 831 841 883 865 COMEX floor 36 35 37 38 COMEX electronic 214 194 190 172 NYMEX ClearPort 492 455 443 418 Other 65 72 84 85 Total 1,831 1,805 1,869 1,816
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, 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 trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers $7 billion in financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. 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, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at http://www.cmegroup.com/.
CME-G
SOURCE: CME Group
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