News Release

CME Group Volume Averaged 9.2 Million Contracts per Day in April 2009

Mon May 04 2009

CHICAGO, May 4 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that April volume averaged 9.2 million contracts per day, down 23 percent from April 2008. Total volume was 193 million contracts for April, of which 80 percent was traded electronically. Electronic volume averaged 7.3 million contracts per day, down 20 percent from the prior April.

 

CME Group E-mini equity index volume averaged 2.9 million contracts per day, up 18 percent compared with April 2008. Equity standard volume averaged 102,000 contracts per day, down 20 percent compared with the same period last year. CME Group commodities and alternative investments volume averaged 801,000 contracts per day, down 15 percent from April 2008, but up 28 percent sequentially. CME Group foreign exchange (FX) contracts volume averaged 451,000 contracts per day, with notional value of approximately $52 billion, down 26 percent. CME Group interest rate volume averaged 3.3 million contracts per day, down 45 percent compared with the same period in 2008.

 

Total NYMEX volume averaged 1.6 million contracts for April 2009, down 9 percent compared with the same period last year. Monthly NYMEX energy futures and options volume averaged 826,000 contracts per day, down 18 percent from April 2008. COMEX metals volume averaged 152,000 contracts per day for April 2009, down 26 percent. Average daily volume cleared through CME ClearPort was 533,000 contracts for April 2009, up 24 percent compared with April 2008, as users continue to seek the safety and soundness of CME Group's regulated, centrally cleared markets. The remaining NYMEX volume of 47,000 trades per day consisted of other transactions, which include position transfers and exchanges.

 

MONTHLY AVERAGE DAILY VOLUME (ADV)

 

                            Total Exchange Pro Forma ADV
                    (CME, CBOT and NYMEX combined, in thousands)
                          April 2009        April 2008      Percent Change
                          ----------        ----------      --------------
    Total                    9,175            11,926                -23%
    Trading Days                21                22



 

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.

 

 

 

                                     CME Group ADV
                        (CME and CBOT combined, in thousands)
    PRODUCT LINE               April 2009       April 2008    Percent Change
                               ----------       ----------    --------------
    Interest Rates                3,321            6,038             -45%
    E-minis                       2,943            2,495              18%
    Equity Standard                 102              128             -20%
    FX                              451              613             -26%
    Commodities and
     Alt. Inv.                      801              937             -15%
                                    ---              ---              --
         Total                    7,617           10,210             -25%


                               April 2009        April 2008    Percent Change
    VENUE                      ----------       ----------    --------------
    Open outcry                   1,008            1,843             -45%
    CME Globex                    6,506            8,220             -21%
    Privately negotiated            104              147             -29%

 

 

                                   NYMEX/COMEX ADV
                                   (in thousands)
                               April 2009       April 2008     Percent Change
                               ----------       ----------     --------------
    NYMEX floor                     117              238             -51%
    NYMEX electronic                709              773              -8%
    COMEX floor                      23               38             -38%
    COMEX electronic                129              169             -24%
    CME ClearPort                   533              429              24%
    Other                            47               69             -32%
                                     --               --              --
         Total                    1,558            1,716              -9%


 

The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, accounted for approximately 24 percent of the total volume cleared through CME ClearPort in April 2009.

 

 

 

ROLLING THREE-MONTH AVERAGES

 

Total Exchange Pro Forma RPC (Legacy CME, CBOT, and NYMEX combined)

                          Mar-09     Feb-09     Jan-09     Dec-08
    Total Average RPC      0.833      0.860      0.870      0.858


 

 

 

CME Group (Legacy CME and CBOT combined)

 

Average Rate Per Contract (In dollars)

 

                                      3-Month Period Ending
                             Mar-09     Feb-09          Jan-09     Dec-08
    Interest Rates            0.532      0.553           0.567      0.569
    E-minis                   0.677      0.685           0.688      0.706
    Equity Standard           1.543      1.581           1.588      1.582
    FX                        0.918      0.947           0.928      0.894
    Commodities/Alt.
     Investments              1.108      1.114           1.150      1.154
                              -----      -----           -----      -----
    Total                     0.677      0.696           0.706      0.713
    Open outcry               0.607      0.648           0.669      0.663
    Electronic                0.659      0.672           0.680      0.691
    Privately negotiated      2.460      2.516           2.579      2.558


 

Average Daily Volume (In thousands)

 

                                      3-Month Period Ending
                             Apr-09     Mar-09          Feb-09     Jan-09
    Interest Rates            3,752      3,843           3,452      3,325
    E-minis                   3,396      3,378           3,014      3,157
    Equity Standard             152        159             147        153
    FX                          503        507             457        444
    Commodities/Alt.
     Investments                734        685             669        648
                                ---        ---             ---        ---
    Total                     8,538      8,572           7,738      7,727
    Open outcry               1,133      1,188           1,135      1,145
    Electronic                7,284      7,255           6,480      6,459
    Privately negotiated        120        130             123        123


 

NYMEX/COMEX

 

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

 

                                             3-Month Period Ending
                                     Mar-09    Feb-09        Jan-09    Dec-08
    NYMEX floor                       1.38      1.46          1.54      1.60
    NYMEX electronic                  1.35      1.40          1.38      1.31
    COMEX floor                       1.78      1.81          1.79      1.80
    COMEX electronic                  1.80      1.80          1.78      1.78
    CME ClearPort                     1.75      1.77          1.94      2.10
    Other                             2.46      2.33          2.21      2.04
                                      ----      ----          ----      ----
    Total Pro Forma Average
     Gross Rate                       1.57      1.60          1.66      1.67

    Total Pro Forma Average
     Net Rate                         1.47      1.51          1.55      1.57


    *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
                                     Apr-09    Mar-09        Feb-09    Jan-09
    NYMEX floor                        126       135           140       147
    NYMEX electronic                   766       798           759       705
    COMEX floor                         27        30            26        28
    COMEX electronic                   156       170           146       147
    CME ClearPort                      605       629           584       513
    Other                               54        54            58        72
                                        --        --            --        --
    Total                            1,734     1,816         1,713     1,612


 

 

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 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/

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