News Release

CME Group Volume Averaged 13.2 Million Contracts per Day in May 2012, up 24 Percent from April 2012

Mon Jun 04 2012

CHICAGO, June 4, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that May 2012 volume averaged 13.2 million contracts per day, down 2 percent from May 2011, but up 24 percent from April 2012.  Total volume for May was more than 291 million contracts, of which 85 percent was traded electronically. 

Open interest at the end of May 2012 reached 92 million contracts, up 17 percent from the end of 2011.  Open interest growth year-to-date through May 2012 was especially strong in foreign exchange (FX), equity indexes and agricultural commodities, all up more than 30 percent.

In May 2012, CME Group interest rate volume averaged 6.0 million contracts per day, down 8 percent from May 2011, but up 37 percent sequentially.  Treasury futures volume averaged 3.1 million contracts per day, while Treasury options volume averaged 375,000 contracts per day.  Eurodollar futures volume averaged 1.9 million contracts per day, while Eurodollar options volume averaged 644,000 contracts per day.

CME Group equity index volume in May 2012 averaged 2.9 million contracts per day, up 8 percent from the same period last year, and up 25 percent sequentially.  CME Group FX volume averaged 947,000 contracts per day, down 3 percent from May last year, reflecting average daily notional value of $116 billion, but up 25 percent from April 2012.

CME Group energy volume averaged 1.8 million contracts per day in May 2012, down 1 percent compared with the same period in 2011, but up 12 percent from April of this year.  CME Group agricultural commodities volume averaged 1.2 million contracts per day, up 21 percent compared with the prior-year period, but down 9 percent sequentially.  CME Group metals volume averaged 404,000 contracts per day, down 13 percent from the same period last year, but up 23 percent from April 2012.

Electronic volume averaged 11.3 million contracts per day in May 2012, down 1 percent from May 2011, but up 24 percent sequentially.  Privately negotiated volume increased 16 percent to 225,000 contracts per day from the prior May, and rose 3 percent compared with April 2012.  Average daily volume cleared through CME ClearPort was 489,000 contracts in May 2012, up 11 percent compared with May 2011, and up 19 percent sequentially.  Open outcry volume averaged 1.2 million contracts per day, down 11 percent versus the prior-year period, but up 26 percent compared with April 2012.

MONTHLY AVERAGE DAILY VOLUME (ADV)





Total Exchange ADV

(in thousands)



May 2012

May 2011


Trading Days

22

21






PRODUCT LINE

May 2012

May 2011

   Percent Change

Interest Rates

5,959

6,494

-8%

Equity Indexes

2,948

2,735

8%

Foreign Exchange (FX)

947

972

-3%

Energy (including CME ClearPort)

1,813

1,826

-1%

Agricultural Commodities

1,175

967

21%

Metals (including CME ClearPort)

404

463

-13%

     Total

13,245

13,458

-2%







VENUE

        May 2012

       May 2011

    Percent Change

Open outcry

1,224

1,369

-11%

CME Globex

11,308

11,455

-1%

Privately negotiated

225

194

16%

CME ClearPort (OTC)

489

440

11%

 

 

ROLLING THREE-MONTH AVERAGES


Average Daily Volume (In thousands)




3-Month Period Ending

PRODUCT LINE

May-12

Apr-12

Mar-12

Feb-12

Interest Rates

5,333

5,323

5,613

4,888

Equity Indexes

2,674

2,428

2,390

2,419

Foreign Exchange (FX)

882

849

846

771

Energy

1,715

1,816

1,952

1,854

Agricultural Commodities

1,194

1,200

1,122

1,019

Metals

377

373

385

342

     Total

12,174

11,989

12,308

11,294






VENUE

May-12

Apr-12

Mar-12

Feb-12

Open outcry

1,179

1,226

1,348

1,196

Electronic

10,307

10,033

10,177

9,364

Privately negotiated

232

232

229

202

CME ClearPort (OTC)

456

498

554

531

 

Average Rate Per Contract (In dollars)




3-Month Period Ending

PRODUCT LINE

Apr-12

Mar-12

Feb-12

Jan-12

Interest Rates

0.484

0.475

0.480

0.481

Equity Indexes

0.691

0.692

0.691

0.697

Foreign Exchange (FX)

0.835

0.841

0.837

0.841

Energy

1.507

1.517

1.544

1.547

Agricultural Commodities

1.232

1.216

1.206

1.223

Metals

1.648

1.647

1.639

1.697

     Total

0.817

0.811

0.825

0.820






VENUE

Apr-12

Mar-12

Feb-12

Jan-12

Exchange-Traded

0.749

0.737

0.746

0.750

CME ClearPort (OTC)

2.381

2.388

2.424

2.330

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 world's leading central counterparty clearing providers, which offers 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.       

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered 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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