News Release

CME Group Volume Averaged All-Time Record of 16.8 Million Contracts Per Day in May 2010, Up 58 Percent

Wed Jun 02 2010

CHICAGO, June 2 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that May volume averaged an all-time record of 16.8 million contracts per day, up 58 percent from May 2009.  Total volume was 335 million contracts for May, of which 84 percent was traded electronically.  

In May 2010, CME Group interest rate volume averaged 8.1 million contracts per day, up 72 percent compared with the prior May, representing the highest year-over-year growth for the past several years.  Treasury futures volume averaged 3.6 million contracts per day, up 90 percent compared with the same period in 2009, and Treasury options volume averaged 317,000 contracts per day, up 19 percent.  Eurodollar futures volume averaged 2.9 million contracts per day, up 67 percent versus May 2009, while Eurodollar options volume averaged 1.2 million contracts per day, up 54 percent.  

CME Group equity index volume averaged 4.2 million contracts per day, up 41 percent from May 2009, reflecting the first positive year-over-year growth since May 2009.  CME Group foreign exchange (FX) volume averaged a record 1.3 million contracts per day, up 140 percent compared with the same period a year ago, reflecting a record average daily notional value of $161 billion.  Several individual FX contracts achieved record average daily volume in May, including Australian dollar futures, British pound futures, Canadian dollar futures, E-mini Euro FX futures, E-mini Japanese yen futures, Euro FX futures, Euro FX options and E-micro Euro-U.S. dollar futures.

CME Group energy volume averaged a record 2.0 million contracts per day, up 42 percent compared with May 2009, driven primarily by all-time record volume for WTI and refined products.  Record WTI futures and options volume averaged 1.1 million contracts per day, up 76 percent versus May 2009, while refined products averaged a record 284,000 contracts, up 42 percent. CME Group commodities and alternative investments volume averaged 731,000 contracts per day, level with the prior May.  CME Group metals volume averaged a record 398,000 contracts per day, up 93 percent compared with the same period last year.

Open outcry volume averaged 2.0 million contracts in May, up 29 percent versus May 2009.  Electronic volume averaged a record 14.0 million contracts per day, up 66 percent from the prior May, while privately negotiated volume increased 55 percent to 246,000 contracts per day. Average daily volume cleared through CME ClearPort was 507,000 contracts for May 2010, up 8 percent compared with May 2009.



MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



May 2010

May 2009


Trading Days

20

20






PRODUCT LINE

May 2010

May 2009

Percent Change

Interest Rates

8,105

4,723

72%

Equity Index

4,228

2,996

41%

FX

1,306

544

140%

Energy (including CME ClearPort)

2,000*

1,407

42%

Commodities and Alt. Inv.

731

731

0%

Metals (including CME ClearPort)

398

206

93%

    Total

16,768

10,606

58%


VENUE

May 2010

May 2009

Percent Change

Open outcry

1,974

1,535

29%

CME Globex

14,041

8,443

66%

Privately negotiated

246

159

55%

CME ClearPort (OTC)

507

470

8%

*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 72,643 in May 2010. This accounted for approximately 4 percent of the total Energy volume in May 2010, up from 2 percent in April 2010.



ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)


3-Month Period Ending

PRODUCT LINE

May-10

Apr-10

Mar-10

Feb-10

Interest Rates

6,147

5,393

5,120

4,728

Equity Index

3,119

2,724

2,815

2,662

FX

1,008

892

887

824

Energy

1,737

1,645

1,609

1,592

Commodities/Alt. Investments

773

827

786

758

Metals

315

296

327

319

    Total

13,098

11,778

11,544

10,884






VENUE

May-10

Apr-10

Mar-10

Feb-10

Open outcry

1,540

1,349

1,318

1,245

Electronic

10,916

9,809

9,562

8,996

Privately negotiated

196

187

190

185

CME ClearPort (OTC)

445

432

474

459




Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Apr-10

Mar-10

Feb-10

Jan-10

Interest Rates

0.492

0.503

0.511

0.511

Equity Index

0.712

0.713

0.726

0.735

FX

0.811

0.803

0.806

0.817

Energy

1.628

1.636

1.640

1.637

Commodities/Alt. Investments

1.248

1.244

1.255

1.267

Metals

1.696

1.734

1.703

1.851

    Total

0.809

0.821

0.838

0.852






VENUE

Apr-10

Mar-10

Feb-10

Jan-10

Exchange-Traded

0.746

0.754

0.770

0.784

CME ClearPort (OTC)

2.465

2.392

2.373

2.366

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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