News Release

CME Group Volume Averaged 11.4 Million Contracts per Day in October 2010, Up 6 Percent

Tue Nov 02 2010

CHICAGO, Nov. 2, 2010 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that October volume averaged 11.4 million contracts per day, up 6 percent from October 2009.  Total volume for October was 240 million contracts, of which 83 percent was traded electronically.  

In October 2010, CME Group interest rate volume averaged 4.7 million contracts per day, up 6 percent compared with the prior October.  Treasury futures volume averaged 2.1 million contracts per day, up 17 percent compared with the same period in 2009, and Treasury options volume averaged 367,000 contracts per day, up 61 percent.  Eurodollar futures volume averaged 1.6 million contracts per day, down 11 percent versus October 2009, and Eurodollar options volume averaged 625,000 contracts per day, up 11 percent.  

CME Group equity index volume averaged 2.7 million contracts per day, down 6 percent from October 2009.  CME Group foreign exchange (FX) volume averaged 889,000 contracts per day, up 19 percent compared with the same period a year ago, reflecting average daily notional value of $121 billion.

CME Group energy volume averaged 1.7 million contracts per day, down 1 percent compared with October 2009.  CME Group commodities volume averaged a record 1.1 million contracts per day, up 42 percent compared with the prior October.  CME Group metals volume averaged 351,000 contracts per day, up 47 percent compared with the same period last year.

Electronic volume averaged 9.4 million contracts per day, up 6 percent from the prior October, while privately negotiated volume increased 20 percent to 209,000 contracts per day. Average daily volume cleared through CME ClearPort was 447,000 contracts for October 2010, down 20 percent compared with October 2009.  Open outcry volume averaged 1.3 million contracts per day in October, up 13 percent versus October 2009.


MONTHLY AVERAGE DAILY VOLUME (ADV)


Total Exchange ADV
( in thousands)



Oct 2010

Oct 2009


Trading Days

21

22






PRODUCT LINE

Oct 2010

Oct 2009

  Percent Change

Interest Rates

4,722

4,472

6%

Equity Index

2,657

2,824

-6%

FX

889

747

19%

Energy (including CME ClearPort)

1,712*

1,726

-1%

Commodities

1,113

785

42%

Metals (including CME ClearPort)

351

239

47%

    Total

11,445

10,793

6%





VENUE

Oct 2010

Oct 2009

Percent Change

Open outcry

1,344

1,186

13%

CME Globex

9,444

8,873

6%

Privately negotiated

209

175

20%

CME ClearPort (OTC)

447

559

-20%




*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 45,052 in October 2010. This accounted for approximately 3 percent of the total Energy volume in October 2010, in line with the percentage in September 2010.



ROLLING THREE-MONTH AVERAGES

Average Daily Volume (In thousands)


3-Month Period Ending

PRODUCT LINE

Oct-10

Sep-10

Aug-10

Jul-10

Interest Rates

5,098

5,020

4,875

5,708

Equity Index

2,746

2,809

3,019

3,555

FX

885

866

878

1,035

Energy

1,725

1,657

1,626

1,718

Commodities

1,025

941

918

843

Metals

273

257

266

322

    Total

11,752

11,550

11,583

13,180






VENUE

Oct-10

Sep-10

Aug-10

Jul-10

Open outcry

1,372

1,327

1,288

1,473

Electronic

9,715

9,574

9,650

11,043

Privately negotiated

200

181

177

192

CME ClearPort (OTC)

465

468

469

472




Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Sep-10

Aug-10

Jul-10

Jun-10

Interest Rates

0.495

0.493

0.486

0.481

Equity Index

0.708

0.709

0.715

0.713

FX

0.795

0.791

0.790

0.798

Energy

1.540

1.542

1.553

1.581

Commodities

1.256

1.287

1.294

1.282

Metals

1.791

1.743

1.775

1.749

    Total

0.810

0.811

0.794

0.790






VENUE

Sep-10

Aug-10

July-10

Jun-10

Exchange-Traded

0.747

0.747

0.737

0.732

CME ClearPort (OTC)

2.292

2.317

2.332

2.489




Average daily volume and rate per contract figures from 2008 have been revised due to standardizing NYMEX reporting conventions to follow CME's treatment of post-trade transactions such as exercises, assignments and deliveries.

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, HuRLO products and credit default swap clearing.



As the world's leading 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 (Nasdaq: CME) and its products can be found at www.cmegroup.com

CME-G

SOURCE CME Group

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