News Release

CME Group Volume Averaged 11.7 Million Contracts per Day in August 2010, Up 15 Percent versus August 2009 and Up 8 Percent Sequentially

Thu Sep 02 2010

CHICAGO, Sept. 2 /PRNewswire-FirstCall/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that August volume averaged 11.7 million contracts per day, up 15 percent from August 2009 and up 8 percent sequentially.  Total volume was 258 million contracts for August, of which 82 percent was traded electronically.

In August 2010, CME Group interest rate volume averaged 5.4 million contracts per day, up 15 percent compared with the prior August, and up 21 percent sequentially.  Treasury futures volume averaged 2.8 million contracts per day, up 34 percent compared with the same period in 2009, and Treasury options volume averaged 364,000 contracts per day, up 76 percent.  Eurodollar futures volume averaged 1.6 million contracts per day, down 10 percent versus August 2009, and Eurodollar options volume averaged 664,000 contracts per day, down 1 percent.  

CME Group equity index volume averaged 2.6 million contracts per day, up 5 percent from August 2009.  CME Group foreign exchange (FX) volume averaged 818,000 contracts per day, up 33 percent compared with the same period a year ago, reflecting average daily notional value of $104 billion.  The Bank for International Settlements showed 20 percent growth for the global FX market over a three-year period (April 2007- April 2010), during which time CME Group's FX volumes grew 94 percent.

CME Group energy volume averaged 1.7 million contracts per day, up 16 percent compared with August 2009, and up 13 percent sequentially.  CME Group commodities volume averaged 964,000 contracts per day, up 31 percent compared with the prior August, and up 12 percent from July 2010.  CME Group metals volume averaged 226,000 contracts per day, up 23 percent compared with the same period last year.

Electronic volume averaged 9.7 million contracts per day, up 17 percent from the prior August, while privately negotiated volume increased 28 percent to 196,000 contracts per day. Average daily volume cleared through CME ClearPort was 495,000 contracts for August 2010, up 13 percent compared with August 2009.  Open outcry volume averaged 1.4 million contracts per day in August, up 3 percent versus August 2009.  


MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

( in thousands)



Aug 2010

Aug 2009


Trading Days

22

21






PRODUCT LINE

Aug 2010

Aug 2009

Percent Change

Interest Rates

5,427

4,738

15%

Equity Index

2,584

2,452

5%

FX

818

616

33%

Energy (including CME ClearPort)

1,704*

1,469

16%

Commodities

964

735

31%

Metals (including CME ClearPort)

226

183

23%

    Total

11,722

10,193

15%



VENUE

Aug 2010

Aug 2009

Percent Change

Open outcry

1,380

1,334

3%

CME Globex

9,652

8,267

17%

Privately negotiated

196

152

28%

CME ClearPort (OTC)

495

440

13%




*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 64,122 in August 2010. This accounted for approximately 4 percent of the total Energy volume in August 2010, down from 7 percent in July 2010.

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)


3-Month Period Ending

PRODUCT LINE

Aug-10

Jul-10

Jun-10

May-10

Interest Rates

4,875

5,708

6,074

6,147

Equity Index

3,019

3,555

3,455

3,119

FX

878

1,035

1,035

1,008

Energy

1,626

1,718

1,798

1,737

Commodities

918

843

855

773

Metals

266

322

308

315

    Total

11,583

13,180

13,525

13,098






VENUE

Aug-10

Jul-10

Jun-10

May-10

Open outcry

1,288

1,473

1,538

1,540

Electronic

9,650

11,043

11,340

10,916

Privately negotiated

177

192

198

196

CME ClearPort (OTC)

469

472

448

445




Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Jul-10

Jun-10

May-10

Apr-10

Interest Rates

0.486

0.481

0.484

0.492

Equity Index

0.715

0.713

0.713

0.712

FX

0.790

0.798

0.809

0.811

Energy

1.553

1.581

1.604

1.628

Commodities

1.294

1.282

1.265

1.248

Metals

1.775

1.749

1.776

1.696

    Total

0.794

0.790

0.789

0.809






VENUE

Jul-10

Jun-10

May-10

Apr-10

Exchange-Traded

0.737

0.732

0.730

0.746

CME ClearPort (OTC)

2.332

2.489

2.478

2.465




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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