News Release

CME Group Volume Averaged 14.7 Million Contracts per Day in February 2011, up 17 Percent

Wed Mar 02 2011

CHICAGO, March 2, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced February volume averaged 14.7 million contracts per day, up 17 percent from February 2010, and up 19 percent from January 2011.  Total volume for February was 279 million contracts, of which 83 percent was traded electronically.

In February 2011, CME Group interest rate volume averaged 7.4 million contracts per day, up 30 percent compared with the prior February, and was the highest monthly average daily volume since May 2010.  Treasury futures volume averaged 3.3 million contracts per day, up 24 percent compared with the same period in 2010, and Treasury options volume averaged 372,000 contracts per day, up 36 percent.  Eurodollar futures volume averaged 2.7 million contracts per day, up 35 percent versus February 2010, and Eurodollar options volume averaged 890,000 contracts per day, up 45 percent.

CME Group equity index volume averaged 2.6 million contracts per day, down 14 percent from February 2010.  CME Group foreign exchange (FX) volume averaged 933,000 contracts per day, in line with the same period a year ago, reflecting average daily notional value of $126 billion.

CME Group energy volume averaged 2.2 million contracts per day, up 26 percent compared with February 2010.  Driving this strong growth in energy, WTI futures and options were up 39 percent and 35 percent for the month, respectively.  The options contract set its third daily volume record of the year, with 325,000 contracts on February 23, surpassing the previous record of 294,000 contracts set at the end of January 2011.

CME Group agricultural commodities volume averaged a record 1.3 million contracts per day, up 44 percent compared with the prior February.  CME Group metals volume averaged 352,000 contracts per day, up 4 percent compared with the same period last year.

Electronic volume averaged 12.2 million contracts per day, up 16 percent from the prior February, while privately negotiated volume increased 16 percent, to 254,000 contracts per day. Average daily volume cleared through CME ClearPort was 548,000 contracts for February 2011, up 17 percent compared with February 2010.  Open outcry volume averaged 1.7 million contracts per day in February 2011, up 26 percent versus the prior February.


MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

( in thousands)



Feb 2011

Feb 2010


Trading Days

19

19






PRODUCT LINE

Feb 2011

Feb 2010

Percent Change

Interest Rates

7,368

5,671

30%

Equity Index

2,554

2,956

-14%

FX

933

931

0%

Energy (including CME ClearPort)

  2,150*

1,706

26%

Commodities

1,315

913

44%

Metals (including CME ClearPort)

352

338

4%

    Total

14,672

12,515

17%





VENUE

Feb 2011

Feb 2010

Percent Change

Open outcry

1,709

1,354

26%

CME Globex

12,160

10,476

16%

Privately negotiated

254

218

16%

CME ClearPort (OTC)

548

467

17%




ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)



3-Month Period Ending

PRODUCT LINE

Feb-11

Jan-11

Dec-10

Nov-10

Interest Rates

5,851

5,767

5,566

5,608

Equity Index

2,407

2,510

2,545

2,837

FX

891

903

887

935

Energy

1,846

1,674

1,581

1,693

Commodities

1,057

1,048

1,067

1,125

Metals

342

391

372

365

    Total

12,394

12,293

12,018

12,563






VENUE

Feb-11

Jan-11

Dec-10

Nov-10

Open outcry

1,380

1,393

1,418

1,484

Electronic

10,356

10,283

9,978

10,422

Privately negotiated

210

214

222

222

CME ClearPort (OTC)

447

402

400

434




Average Rate Per Contract (In dollars)


3-Month Period Ending

PRODUCT LINE

Jan-11

Dec-10

Nov-10

Oct-10

Interest Rates

0.491

0.496

0.498

0.497

Equity Index

0.707

0.702

0.695

0.696

FX

0.811

0.804

0.795

0.793

Energy

1.637

1.631

1.606

1.558

Commodities

1.223

1.219

1.220

1.242

Metals

1.716

1.708

1.733

1.750

    Total

0.816

0.813

0.815

0.816






VENUE

Jan-11

Dec-10

Nov-10

Oct-10

Exchange-Traded

0.748

0.748

0.751

0.749

CME ClearPort (OTC)

2.826

2.704

2.579

2.439




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.

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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