News Release

CME Group Volume Averaged 12.2 Million Contracts per Day in June 2010, Up 8 Percent, and 13.5 Million Contracts Per Day in Second Quarter, Up 31 Percent

Fri Jul 02 2010

CHICAGO, July 2 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that June volume averaged 12.2 million contracts per day, up 8 percent from June 2009.  Total volume was 268 million contracts for June, of which 84 percent was traded electronically.  

(Logo:  http://photos.prnewswire.com/prnh/20070712/AQTH147LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20070712/AQTH147LOGO)

In June 2010, CME Group interest rate volume averaged 4.7 million contracts per day, down 8 percent compared with the prior June.  Treasury futures volume averaged 2.0 million contracts per day, up 31 percent compared with the same period in 2009, and Treasury options volume averaged 245,000 contracts per day, down 13 percent.  Eurodollar futures volume averaged 1.7 million contracts per day, down 28 percent versus June 2009, while Eurodollar options volume averaged 644,000 contracts per day, down 24 percent.  

CME Group equity index volume averaged 3.6 million contracts per day, up 24 percent from June 2009, reflecting the second consecutive month of positive year-over-year growth since May 2009.  CME Group foreign exchange (FX) volume averaged 981,000 contracts per day, up 40 percent compared with the same period a year ago, reflecting average daily notional value of $118 billion.  

CME Group energy volume averaged 1.7 million contracts per day, up 14 percent compared with June 2009.  CME Group commodities and alternative investments volume averaged 929,000 contracts per day, up 2 percent compared with the prior June.  CME Group metals volume averaged 273,000 contracts per day, up 36 percent compared with the same period last year.

Electronic volume averaged 10.3 million contracts per day, up 14 percent from the prior June, while privately negotiated volume decreased 18 percent to 181,000 contracts per day. Average daily volume cleared through CME ClearPort was 452,000 contracts for June 2010, down 6 percent compared with June 2009.  Open outcry volume averaged 1.3 million contracts per day in June, down 21 percent versus June 2009.  

During the second quarter, CME Group interest rate volume averaged 6.1 million contracts per day, up 38 percent compared with second-quarter 2009, reflecting the highest quarter since second-quarter 2008.  Treasury futures volume averaged 2.5 million contracts per day, up 66 percent compared with the same period a year ago, and Treasury options volume averaged 274,000 contracts per day, up 5 percent.  Eurodollar futures volume averaged 2.3 million contracts per day, up 25 percent versus second-quarter 2009, while Eurodollar options volume averaged 877,000 contracts per day, up 24 percent.  

Second-quarter 2010 CME Group equity index volume averaged 3.5 million contracts per day, up 16 percent.  CME Group FX volume averaged a record 1.0 million contracts per day, up 82 percent compared with the same period a year ago, reflecting record average daily notional value for a quarter of $124 billion.

Second-quarter CME Group energy volume averaged a record 1.8 million contracts per day, up 29 percent compared with the same period last year, driven primarily by record volume for WTI and refined products.  Record WTI futures and options volume averaged 977,000 contracts per day, up 52 percent versus second-quarter 2009, while refined products averaged a record 262,000 contracts, up 36 percent.  CME Group commodities and alternative investments volume averaged 855,000 contracts per day, up 5 percent from second-quarter 2009.  CME Group metals volume averaged 308,000 contracts per day in second-quarter 2010, up 62 percent compared with the prior second quarter.

Electronic volume averaged a record 11.3 million contracts per day, up 37 percent from the prior second quarter, while privately negotiated volume increased 14 percent to 198,000 contracts per day.  Average daily volume cleared through CME ClearPort was 448,000 contracts for second-quarter 2010, down 6 percent compared with second-quarter 2009.  Second-quarter open outcry volume averaged 1.5 million contracts per day, up 8 percent versus second-quarter 2009.  


MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

( in thousands)



Jun 2010

Jun 2009


Trading Days

22

22






PRODUCT LINE

Jun 2010

Jun 2009

Percent Change

Interest Rates

4,697

5,107

-8%

Equity Index

3,617

2,926

24%

FX

981

702

40%

Energy (including CME ClearPort)

1,665*

1,460

14%

Commodities and Alt. Inv.

929

912

2%

Metals (including CME ClearPort)

273

201

36%

    Total

12,162

11,307

8%





VENUE

Jun 2010

Jun 2009

Percent Change

Open outcry

1,273

1,621

-21%

CME Globex

10,256

8,987

14%

Privately negotiated

181

220

-18%

CME ClearPort (OTC)

452

479

-6%

*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 29,795 in June 2010. This accounted for approximately 2 percent of the total Energy volume in June 2010, down from 4 percent in May 2010.





QUARTERLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

( in thousands)



Q2 2010

Q2 2009


Trading Days

64

63






PRODUCT LINE

Q2 2010

Q2 2009

Percent Change

Interest Rates

6,074

4,389

38%

Equity Index

3,455

2,988

16%

FX

1,035

568

82%

Energy (including CME ClearPort)

1,798*

1,396

29%

Commodities and Alt. Inv.

855

818

5%

Metals (including CME ClearPort)

308

190

62%

    Total

13,525

10,349

31%





VENUE

Q2 2010

Q2 2009

Percent Change

Open outcry

1,539

1,431

8%

CME Globex

11,340

8,266

37%

Privately negotiated

198

173

14%

CME ClearPort (OTC)

448

478

-6%

*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 44,682 in second-quarter 2010. This accounted for approximately 2 percent of the total Energy volume in second-quarter 2010, down from 4 percent in first-quarter 2010.



ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)


3-Month Period Ending

PRODUCT LINE

Jun-10

May-10

Apr-10

Mar-10

Interest Rates

6,074

6,147

5,393

5,120

Equity Index

3,455

3,119

2,724

2,815

FX

1,035

1,008

892

887

Energy

1,798

1,737

1,645

1,609

Commodities/Alt. Investments

855

773

827

786

Metals

308

315

296

327

    Total

13,525

13,098

11,778

11,544






VENUE

Jun-10

May-10

Apr-10

Mar-10

Open outcry

1,538

1,540

1,349

1,318

Electronic

11,340

10,916

9,809

9,562

Privately negotiated

198

196

187

190

CME ClearPort (OTC)

448

445

432

474




Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

May-10

Apr-10

Mar-10

Feb-10

Interest Rates

0.484

0.492

0.503

0.511

Equity Index

0.713

0.712

0.713

0.726

FX

0.809

0.811

0.803

0.806

Energy

1.604

1.628

1.636

1.640

Commodities/Alt. Investments

1.265

1.248

1.244

1.255

Metals

1.776

1.696

1.734

1.703

    Total

0.789

0.809

0.821

0.838






VENUE

May-10

Apr-10

Mar-10

Feb-10

Exchange-Traded

0.730

0.746

0.754

0.770

CME ClearPort (OTC)

2.478

2.465

2.392

2.373

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

Corporate Communications

+1 312 930 3434
Email