News Release

CME Group Volume Averaged 9.5 Million Contracts Per Day in January 2009

Tue Feb 03 2009

- January OTC volume cleared on CME ClearPort was up 50 percent

 

- Fourth-quarter pro forma rate per contract averaged 86 cents compared with 75 cents for fourth-quarter 2007, driven largely by increased proportion of higher priced contracts

 

CHICAGO, Feb. 3 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced January volume averaged 9.5 million contracts per day, down 41 percent from January 2008, which was the second-highest monthly volume ever on a combined basis. Total volume was 190 million contracts for the month, of which 78 percent was traded electronically. Total electronic volume averaged 7.4 million contracts per day, down 40 percent from the prior January. Average daily volume cleared on CME ClearPort was 603,000 contracts for the month, up 50 percent compared with January 2008, continuing to highlight market participants' increased interest in the safety and soundness of CME Group's regulated, transparent and centrally cleared markets. Total exchange volume during the second half of January averaged 10.1 million contracts per day, up 14 percent from average daily volume of 8.9 million contracts during the first half of January and up 23 percent from average daily volume of 8.1 million contracts for the full month of December 2008.

 

CME Group January interest rate volume averaged 3.6 million contracts per day, down 59 percent compared with the same period in 2008. E-mini equity index volume averaged 2.9 million contracts per day, down 26 percent compared with January 2008. Equity standard volume averaged 122,000 contracts per day in January, down 36 percent compared with the same year-ago period. CME Group foreign exchange (FX) contracts volume averaged 460,000 contracts per day, down 23 percent, and represented an average daily notional value of $59 billion. CME Group commodities and alternative investments volume averaged 655,000 contracts per day, down 28 percent from January 2008.

 

Total NYMEX volume in January averaged 1.8 million contracts, up 4 percent compared with the same prior year period. Annual NYMEX energy futures and options volume averaged 948,000 contracts per day, down 5 percent from January 2008. COMEX metals volume averaged 203,000 contracts per day for January, down 23 percent. Average daily volume cleared on CME ClearPort was 603,000 contracts for the month, up 50 percent compared with January 2008. The remaining NYMEX volume of 48,000 trades per day consisted of other transactions, which include position transfers and exchanges.

 

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.

 

MONTHLY AVERAGE DAILY VOLUME (ADV)

 

Total Exchange Pro Forma ADV (Legacy CME, CBOT, and NYMEX combined, in thousands)

                         January 2009     January 2008     Percent Change
                         ------------     ------------     --------------
     Total                  9,479           16,048               -41%

 

 

CME Group ADV (Legacy CME and CBOT combined, in thousands)

 

    PRODUCT LINE         January 2009     January 2008     Percent Change
                         ------------     ------------     --------------
    Interest Rates           3,577            8,733               -59%
    E-minis                  2,863            3,888               -26%
    Equity Standard            122              190               -36%
    FX                         460              596               -23%
    Commodities and Alt.
     Inv.                      655              906               -28%
         Total               7,677           14,313               -46%

                         January 2009     January 2008     Percent Change
    VENUE                ------------     ------------     --------------
    Open outcry              1,169            2,760               -58%
    CME Globex               6,378           11,355               -44%
    Privately negotiated       131              198               -34%

 

 

NYMEX/COMEX ADV (In thousands)

 

                         January 2009     January 2008     Percent Change
                         ------------     ------------     --------------
    NYMEX floor               144              256               -44%
    NYMEX electronic          804              743                 8%
    COMEX floor                32               54               -40%
    COMEX electronic          171              209               -18%
    CME ClearPort             603              402                50%
    Other                      48               71               -33%
         Total              1,802            1,736                 4%

 

 

ROLLING THREE-MONTH AVERAGES

 

CME Group (Legacy CME and CBOT combined)

Average Rate Per Contract (In dollars)

 

                                       3-Month Period Ending
                              Dec-08     Nov-08          Oct-08     Sep-08
    Interest Rates            0.569      0.545           0.539      0.521
    E-minis                   0.706      0.703           0.703      0.677
    Equity Standard           1.582      1.559           1.529      1.486
    FX                        0.894      0.915           0.932      0.936
    Commodities/Alt.
     Investments              1.154      1.167           1.144      1.154
                              -----      -----           -----      -----
    Total                     0.713      0.691           0.684      0.659
    Open outcry               0.663      0.619           0.608      0.607
    Electronic                0.691      0.672           0.665      0.637
    Privately negotiated      2.558      2.546           2.533      2.526

 

 

Average Daily Volume (In thousands)

 

                                        3-Month Period Ending
                              Jan-08     Dec-08          Nov-08     Oct-08
    Interest Rates            3,325      3,692           5,156      5,538
    E-minis                   3,157      3,799           4,444      4,049
    Equity Standard             153        194             238        228
    FX                          444        481             625        681
    Commodities/Alt.
     Investments                648        691             746        786
                                ---        ---             ---        ---
    Total                     7,727      8,857          11,208     11,282
    Open outcry               1,145      1,275           1,595      1,607
    Electronic                6,459      7,447           9,445      9,510
    Privately negotiated        123        136             167        165

 

 

NYMEX/COMEX

Average Rate Per Contract (In dollars, on a pro forma basis*)

 

                                                3-Month Period Ending
                                     Dec-08    Nov-08        Oct-08    Sep-08
    NYMEX floor                       1.60      1.60          1.36      1.39
    NYMEX electronic                  1.31      1.30          1.30      1.32
    COMEX floor                       1.80      1.76          1.73      1.63
    COMEX electronic                  1.78      1.75          1.74      1.72
    CME ClearPort                     2.10      2.11          2.04      1.93
    Other                             2.04      1.99          1.97      1.93
                                      ----      ----          ----      ----
    Total Pro Forma Average Gross
     Rate                             1.67      1.66          1.60      1.57

    Total Pro Forma Average Net Rate  1.57      1.56          1.53      1.49

 

 

*Pro forma adjustment excludes the Globex payment to CME Group from the NYMEX electronic, COMEX electronic and Direct Transaction Cost lines. Average RPC by venue are gross figures - NYMEX historically reported average net RPC by venue.

 

Average Daily Volume (In thousands)

 

 

                                  3-Month Period Ending
                           Jan-08     Dec-08          Nov-08     Oct-08
    NYMEX floor             147        166             184        185
    NYMEX electronic        705        682             754        796
    COMEX floor              28         29              36         35
    COMEX electronic        147        144             186        192
    CME ClearPort           513        489             509        500
    Other                    72         75              78         59
                             --         --              --         --
    Total                 1,612      1,584           1,746      1,767

 

 

CME Group (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 $8 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, E-mini and CME ClearPort 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 and New York Mercantile Exchange 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 www.cmegroup.com.

CME-G

SOURCE: CME Group

Web site: http://www.cme.com/
http://www.cmegroup.com/

Corporate Communications

+1 312 930 3434
Email