News Release

CME Group Volume Averaged 11.0 Million Contracts Per Day in March 2010, Up 2 Percent, and 11.5 Million Contracts Per Day in First-Quarter 2010, Up 12 Percent

Mon Apr 05 2010

CHICAGO, April 5 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that March volume averaged 11.0 million contracts per day, up 2 percent from March 2009.  Total volume was 253 million contracts for March, of which 83 percent was traded electronically.  Electronic volume averaged 9.1 million contracts per day, up 4 percent from the prior March.  Average daily volume cleared through CME ClearPort was 446,000 contracts for March 2010, down 23 percent compared with March 2009.  The rolling three-month ClearPort rate per contract through February was up 36 percent, even though the rolling three-month ClearPort average daily volume was down 26 percent in the same period due to a product mix shift and the wide variance in rate per contract for individual CME ClearPort products.

In March 2010, CME Group interest rate volume averaged 5.0 million contracts per day, up 30 percent compared with the prior March.  Eurodollar futures volume averaged 2.1 million contracts per day, up 29 percent versus March 2009, while Eurodollar options volume averaged 713,000 contracts per day, up 30 percent.  Treasury futures volume averaged 1.8 million contracts per day, up 36 percent compared with the same period in 2009, and Treasury options volume averaged 246,000 contracts per day, down 8 percent.  

CME Group equity index volume averaged 2.7 million contracts per day, down 35 percent from March 2009.  CME Group foreign exchange (FX) volume averaged 907,000 contracts per day, up 66 percent compared with the same period a year ago, reflecting average daily notional value of $116 billion.

CME Group energy volume averaged 1.5 million contracts per day, up 3 percent compared with March 2009.  CME Group commodities and alternative investments volume averaged 692,000 contracts per day, up 11 percent from the prior March.  CME Group metals volume averaged 296,000 contracts per day, up 38 percent compared with the same period last year.      

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.

During the first quarter, CME Group interest rate volume averaged 5.1 million contracts per day, up 33 percent compared with first-quarter 2009.  Eurodollar futures volume averaged 2.0 million contracts per day, up 27 percent versus first-quarter 2009, while Eurodollar options volume averaged 674,000 contracts per day, up 11 percent.  Treasury futures volume averaged 2.1 million contracts per day, up 53 percent compared with the same period a year ago, and Treasury options volume averaged 272,000 contracts per day, up 13 percent.

CME Group first-quarter 2010 equity index volume averaged 2.8 million contracts per day, down 20 percent.  CME Group FX volume averaged a record 887,000 contracts per day, up 75 percent compared with the same period a year ago, reflecting record average daily notional value for a quarter of $115 billion.

First-quarter CME Group energy volume averaged 1.6 million contracts per day, up 6 percent compared with the same period last year.  CME Group commodities and alternative investments volume averaged 786,000 contracts per day, up 15 percent from first-quarter 2009.  CME Group metals volume averaged a record 327,000 contracts per day in first-quarter 2010, up 52 percent compared with the prior first quarter.

    
    
    MONTHLY AVERAGE DAILY VOLUME (ADV)
    
                                  Total Exchange ADV
                                    (in thousands)
    
                                        Mar 2010    Mar 2009
                                        --------    --------
    Trading Days                             23          22
    
    PRODUCT LINE                        Mar 2010    Mar 2009  Percent Change
                                        --------    --------  --------------
    Interest Rates                        4,961       3,825         30%
    Equity Index                          2,662       4,126        -35%
    FX                                      907         546         66%
    Energy (including CME ClearPort)      1,497*      1,452          3%
    Commodities and Alt. Inv.               692         624         11%
    Metals (including CME ClearPort)        296         215         38%
                                        --------    --------  --------------
         Total                           11,015      10,788          2%
    
    VENUE                                Mar 2010    Mar 2009  Percent Change
                                         --------    --------  --------------
    Open outcry                           1,288       1,298         -1%
    CME Globex                            9,105       8,759          4%
    Privately negotiated                    177         159         11%
    CME ClearPort (OTC)                     446         572        -22%
    
    * The PJM daily electricity swap futures contracts, which have an average
    rate per contract of approximately 10 cents, averaged 50,293 in March
    2010. This accounted for approximately 3 percent of the total Energy
    volume in March 2010, down from 4 percent in February 2010.
    
    
    
    QUARTERLY AVERAGE DAILY VOLUME (ADV)
    
                                  Total Exchange ADV
                                    (in thousands)
    
                                         Q1 2010     Q1 2009
                                         --------    --------
    Trading Days                             61          61
    
    PRODUCT LINE                         Q1 2010     Q1 2009   Percent Change
                                         --------    --------  --------------
    Interest Rates                        5,120       3,843         33%
    Equity Index                          2,815       3,537        -20%
    FX                                      887         507         75%
    Energy (including CME ClearPort)      1,609*      1,524          6%
    Commodities and Alt. Inv.               786         685         15%
    Metals (including CME ClearPort)        327         215         52%
                                         --------    --------  --------------
         Total                           11,544      10,311         12%
    
    VENUE                                Q1 2010     Q1 2009   Percent Change
                                         --------    --------  --------------
    Open outcry                           1,318       1,338         -2%
    CME Globex                            9,562       8,223         16%
    Privately negotiated                    190         164         16%
    CME ClearPort (OTC)                     474         586        -19%
    
    * The PJM daily electricity swap futures contracts, which have an average
    rate per contract of approximately 10 cents, averaged 63,270 in
    first-quarter 2010. This accounted for approximately 4 percent of the
    total Energy volume in first-quarter 2010, down from 5 percent in
    fourth-quarter 2009.
    
    
    
    ROLLING THREE-MONTH AVERAGES
    
    Average Daily Volume (In thousands) 
    
                                               3-Month Period Ending
    PRODUCT LINE                      Mar-10    Feb-10    Jan-10    Dec-09
    Interest Rates                     5,120     4,728     4,453     4,368
    Equity Index                       2,815     2,662     2,510     2,514
    FX                                   887       824       777       754
    Energy                             1,609     1,592     1,531     1,564
    Commodities/Alt. Investments         786       758       744       750
    Metals                               327       319       331       292
                                      ------    ------    ------    ------
         Total                        11,544    10,884    10,346    10,243
    
    VENUE                             Mar-10    Feb-10    Jan-10    Dec-09
    Open outcry                        1,318     1,245     1,252     1,210
    Electronic                         9,562     8,996     8,478     8,399
    Privately negotiated                 190       185       171       170
    CME ClearPort (OTC)                  474       459       446       464
    
    
    
    Average Rate Per Contract (In dollars)
    
                                               3-Month Period Ending
    PRODUCT LINE                      Feb-10    Jan-10    Dec-09    Nov-09
    Interest Rates                     0.511     0.511     0.509     0.506
    Equity Index                       0.726     0.735     0.733     0.722
    FX                                 0.806     0.817     0.816     0.802
    Energy                             1.640     1.637     1.606     1.628
    Commodities/Alt. Investments       1.255     1.267     1.278     1.259
    Metals                             1.703     1.851     1.872     1.898
                                      ------    ------    ------    ------
         Total                         0.838     0.852     0.849     0.840
                                             
    VENUE                             Feb-10    Jan-10    Dec-09    Nov-09
    Exchange-Traded                    0.770     0.784     0.783     0.772
    CME ClearPort (OTC)                2.373     2.366     2.236     2.244

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

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