News Release

CME Group Volume Averaged 9.8 Million Contracts per Day in July 2009

Tue Aug 04 2009

 

 

 

CHICAGO, Aug. 4 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that July volume averaged 9.8 million contracts per day, down 25 percent from July 2008. Total volume was 215 million contracts for July, of which 81 percent was traded electronically, up from 79 percent in June. Electronic volume averaged 7.9 million contracts per day, down 25 percent from the prior July. CME Group year-to-date volume through July averaged 10.3 million contracts per day.

 

CME Group interest rate volume averaged 4.2 million contracts per day, down 30 percent compared with the same period in 2008, still trending above first-quarter 2009 average daily volume levels as credit and lending markets continued to stabilize. CME Group E-mini equity index volume averaged 2.4 million contracts per day, down 31 percent compared with July 2008. Equity standard volume averaged 96,000 contracts per day, down 44 percent compared with the same period last year. CME Group foreign exchange (FX) experienced its highest non-roll month volume so far in 2009. FX volume averaged 612,000 contracts per day, with notional value of approximately $79 billion, down 4 percent compared with the prior July. CME Group commodities and alternative investments volume averaged 748,000 contracts per day, down 15 percent from July 2008.

 

Total NYMEX volume averaged 1.7 million contracts for July 2009, down 9 percent compared with the same period last year, but in line with June 2009. Monthly NYMEX energy futures and options volume averaged 983,000 contracts per day, down 6 percent from July 2008, but up slightly compared with June 2009. COMEX metals volume averaged 182,000 contracts per day for July 2009, down 29 percent compared with the same period last year. Average daily volume cleared through CME ClearPort was 494,000 contracts for July 2009, down 2 percent compared with July 2008. The remaining NYMEX volume of 36,000 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, Swapstream products, and HuRLO products.

 

 

    MONTHLY AVERAGE DAILY VOLUME (ADV)

                               Total Exchange Pro Forma ADV
                       (CME, CBOT and NYMEX combined, in thousands)
                             Jul 2009         Jul 2008        Percent Change
                             --------         --------        --------------
    Total                       9,755           13,034               -25%
    Trading Days                   22               22



                                         CME Group ADV
                              (CME and CBOT combined, in thousands)
    PRODUCT LINE             Jul 2009         Jul 2008        Percent Change
                             --------         --------        --------------
    Interest Rates              4,168            5,952               -30%
    E-minis                     2,436            3,522               -31%
    Equity Standard                96              171               -44%
    FX                            612              640                -4%
    Commodities and Alt. Inv.     748              878               -15%
                              --------------------------------------------
         Total                  8,060           11,163               -28%

                             Jul 2009         Jul 2008        Percent Change
                             --------         --------        --------------
    VENUE
    Open outcry                 1,049            1,509               -30%
    CME Globex                  6,894            9,500               -27%
    Privately negotiated          116              154               -24%

                                         NYMEX/COMEX ADV
                                          (in thousands)
                             Jul 2009         Jul 2008       Percent Change
                             --------         --------       --------------
    NYMEX floor                   129              221               -42%
    NYMEX electronic              854              823                 4%
    COMEX floor                    23               36               -37%
    COMEX electronic              159              221               -28%
    CME ClearPort                 494*             503                -2%
    Other                          36               67               -47%
                              --------------------------------------------
         Total                  1,695            1,871                -9%

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


    ROLLING THREE-MONTH AVERAGES



       Total Exchange Pro Forma RPC (Legacy CME, CBOT, and NYMEX combined)
                             Jun-09       May-09       Apr-09       Mar-09
    Total Average RPC         0.816        0.812        0.823        0.833



                        CME Group (Legacy CME and CBOT combined)

    Average Rate Per Contract (In dollars)

                                         3-Month Period Ending
                         Jun-09          May-09        Apr-09       Mar-09
    Interest Rates        0.525           0.522        0.527        0.532
    E-minis               0.676           0.666        0.671        0.677
    Equity Standard       1.570           1.536        1.536        1.543
    FX                    0.901           0.905        0.920        0.918
    Commodities/Alt.
     Investments          1.130           1.107        1.126        1.108
                          -----           -----        -----        -----
    Total                 0.670           0.665        0.677        0.677
    Open outcry           0.625           0.618        0.631        0.607
    Electronic            0.648           0.647        0.658        0.659
    Privately negotiated  2.500           2.436        2.419        2.460


    Average Daily Volume (In thousands)

                                         3-Month Period Ending
                          Jul-09         Jun-09        May-09      Apr-09
    Interest Rates        4,664           4,389        3,942        3,752
    E-minis               2,964           2,867        3,267        3,396
    Equity Standard         119             121          140          152
    FX                      622             568          513          503
    Commodities/Alt.
     Investments            799             818          717          734
                            ---             ---          ---          ---
    Total                 8,897           8,762        8,579        8,538
    Open outcry           1,303           1,294        1,180        1,133
    Electronic            7,452           7,331        7,281        7,284
    Privately negotiated    141             137          118          120

                                 NYMEX/COMEX

    Average Rate Per Contract (In dollars)

                                         3-Month Period Ending
                              Jun-09        May-09      Apr-09      Mar-09
    NYMEX floor                 1.40         1.42        1.33        1.38
    NYMEX electronic            1.37         1.31        1.32        1.35
    COMEX floor                 1.49         1.53        1.65        1.78
    COMEX electronic            1.74         1.77        1.80        1.80
    CME ClearPort               1.81         1.82        1.72        1.75
    Other                       2.68         2.39        2.47        2.46
                                ----         ----        ----        ----
    Total Pro Forma Average
     Gross Rate                 1.58         1.57        1.54        1.57

    Total Pro Forma Average
     Net Rate                   1.48         1.46        1.44        1.47


    Average Daily Volume (In thousands)

                                         3-Month Period Ending
                             Jul-09          Jun-09        May-09      Apr-09
    NYMEX floor                 130             126          125          126
    NYMEX electronic            834             785          753          766
    COMEX floor                  27              28           28           27
    COMEX electronic            159             149          153          156
    CME ClearPort               524             537          553          605
    Other                        45              49           52           54
                                 --              --           --           --
    Total                     1,721           1,675        1,664        1,734

 

 

As the world's largest and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

 

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

SOURCE: CME Group

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

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