News Release

CME Group Volume Averaged 10.7 Million Contracts per Day in May 2009, up 17 Percent From April 2009

Tue Jun 02 2009

CHICAGO, June 2 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that May volume averaged 10.7 million contracts per day, down 15 percent from May 2008, but up 17 percent from April 2009. Total volume was 214 million contracts for May, of which 79 percent was traded electronically. Electronic volume averaged 8.4 million contracts per day, down 14 percent from the prior May and up 15 percent sequentially.

 

CME Group E-mini equity index volume averaged 2.9 million contracts per day, up 15 percent compared with May 2008. Equity standard volume averaged 104,000 contracts per day, down 21 percent compared with the same period last year. CME Group commodities and alternative investments volume averaged 731,000 contracts per day, down 3 percent from May 2008. CME Group foreign exchange (FX) volume averaged 544,000 contracts per day, with notional value of approximately $68 billion, down 12 percent compared with the prior May, but up 21 percent sequentially. CME Group interest rate volume averaged 4.7 million contracts per day, down 29 percent compared with the same period in 2008, but representing the best monthly volume to date in 2009. In May, CME Group Eurodollar volume averaged 2.5 million contracts per day and CME Group Treasury volume averaged 2.2 million contracts per day - up 30 percent and 62 percent, respectively, compared with April 2009 - representing the best monthly volume so far in 2009 in each of these categories.

 

Total NYMEX volume averaged 1.7 million contracts for May 2009, down 10 percent compared with the same period last year, but up 11 percent compared with April 2009. Monthly NYMEX energy futures and options volume averaged 933,000 contracts per day, down 21 percent from May 2008. COMEX metals volume averaged 191,000 contracts per day for May 2009, down 13 percent. Average daily volume cleared through CME ClearPort was 537,000 contracts for May 2009, up 29 percent compared with May 2008, as users continue to seek the safety and soundness of CME Group's regulated, centrally cleared markets. The remaining NYMEX volume of 64,000 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
                     (CME, CBOT and NYMEX combined, in thousands)

                                May 2009          May 2008     Percent Change
                                --------          --------     --------------
    Total                        10,717            12,563            -15%
    Trading Days                     20                21

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

    PRODUCT LINE                May 2009          May 2008     Percent Change
                                --------          --------     --------------
    Interest Rates                 4,723             6,627           -29%
    E-minis                        2,892             2,518            15%
    Equity Standard                  104               131           -21%
    FX                               544               621           -12%
    Commodities and Alt. Inv.        731               751            -3%
                                     ---               ---            ---
         Total                     8,993            10,649           -16%

    VENUE                       May 2009          May 2008     Percent Change
                                --------          --------     --------------
    Open outcry                    1,384             1,768           -22%
    CME Globex                     7,486             8,721           -14%
    Privately negotiated             123               160           -23%



                                    NYMEX/COMEX ADV
                                     (in thousands)

                                May 2009         May 2008    Percent Change
                                --------         --------    --------------
    NYMEX floor                    134             241             -44%
    NYMEX electronic               798             938             -15%
    COMEX floor                     32              39             -17%
    COMEX electronic               159             180             -12%
    CME ClearPort                  537             416              29%
    Other                           64             100             -36%
                                    --             ---             ----
         Total                   1,724           1,914             -10%

        The PJM daily electricity swap futures contracts, which have an
    average rate per contract of approximately 10 cents, accounted for
    approximately 14 percent of the total volume cleared through CME ClearPort
    in May 2009.



    ROLLING THREE-MONTH AVERAGES

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

                            Apr-09     Mar-09     Feb-09     Jan-09
    Total Average RPC        0.823      0.833      0.860      0.870



                    CME Group (Legacy CME and CBOT combined)

    Average Rate Per Contract (In dollars)

                                      3-Month Period Ending

                             Apr-09     Mar-09      Feb-09     Jan-09
    Interest Rates            0.527      0.532       0.553      0.567
    E-minis                   0.671      0.677       0.685      0.688
    Equity Standard           1.536      1.543       1.581      1.588
    FX                        0.920      0.918       0.947      0.928
    Commodities/Alt.
     Investments              1.126      1.108       1.114      1.150
                              -----      -----       -----      -----
    Total                     0.677      0.677       0.696      0.706
    Open outcry               0.631      0.607       0.648      0.669
    Electronic                0.658      0.659       0.672      0.680
    Privately negotiated      2.419      2.460       2.516      2.579



    Average Daily Volume (In thousands)

                                      3-Month Period Ending

                             May-09     Apr-09      Mar-09     Feb-09
    Interest Rates            3,942      3,752       3,843      3,452
    E-minis                   3,267      3,396       3,378      3,014
    Equity Standard             140        152         159        147
    FX                          513        503         507        457
    Commodities/Alt.
     Investments                717        734         685        669
                                ---        ---         ---        ---
    Total                     8,579      8,538       8,572      7,738
    Open outcry               1,180      1,133       1,188      1,135
    Electronic                7,281      7,284       7,255      6,480
    Privately negotiated        118        120         130        123



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

                                                3-Month Period Ending

                                         Apr-09    Mar-09    Feb-09    Jan-09
    NYMEX floor                           1.53      1.38      1.46      1.54
    NYMEX electronic                      1.32      1.35      1.40      1.38
    COMEX floor                           1.83      1.78      1.81      1.79
    COMEX electronic                      1.80      1.80      1.80      1.78
    CME ClearPort                         1.67      1.75      1.77      1.94
    Other                                 2.45      2.46      2.33      2.21
                                          ----      ----      ----      ----
    Total Pro Forma Average Gross Rate    1.54      1.57      1.60      1.66

    Total Pro Forma Average Net Rate      1.44      1.47      1.51      1.55

    *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

                          May-09     Apr-09      Mar-09     Feb-09
    NYMEX floor             125        126         135        140
    NYMEX electronic        753        766         798        759
    COMEX floor              28         27          30         26
    COMEX electronic        153        156         170        146
    CME ClearPort           553        605         629        584
    Other                    52         54          54         58
                             --         --          --         --
    Total                 1,664      1,734       1,816      1,713



 

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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