News Release

CME Group Posts Seventh Consecutive Year of Record Volume on a Combined Basis as Total Volume Approached 2.8 Billion Contracts; Exchange Daily Volume Averaged 11.0 Million Contracts per Day, Up 28 Percent

Wed Jan 02 2008

CHICAGO, Jan. 2 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse exchange, today posted total annual volume during 2007 of nearly 2.8 billion contracts, achieving record volume growth for the seventh consecutive year on a combined basis. The company achieved combined annual volume growth exceeding 20 percent for the seventh straight year and the largest percentage growth year-over-year since 2002. Daily volume in 2007 averaged 11.0 million contracts per day, up 28 percent from 2006. Total electronic volume averaged 8.5 million contracts per day, up 41 percent from the prior year. Total options volume averaged 2.0 million contracts per day, up 14 percent from 2006. Electronic options volume averaged 288,000 contracts per day for the year, up 46 percent.

All CME Group major product lines have achieved year-over-year growth above 20 percent for two consecutive years. CME Group equity index products daily volume averaged 2.7 million contracts for the year, up 47 percent from 2006. Foreign exchange products daily volume averaged 569,000 contracts in 2007, up 26 percent from last year, and representing a notional value of $71 billion. CME Group interest rates increased 23 percent versus 2006 to reach an average 6.9 million contracts per day and the commodities and alternative investments product line grew 20 percent to average 766,000 contracts per day. NYMEX energy and metals volume on the CME Globex platform tripled from 2006 to 2007 to average 757,000 contracts per day.

All references to volume and rate per contract information in the text of this document assume combined legacy CME and legacy CBOT volumes and exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.

Fourth-Quarter Highlights

Fourth-quarter daily volume averaged 10.6 million contracts per day, up 23 percent from the same period last year. Total electronic volume averaged 8.5 million contracts per day, up 34 percent from the fourth-quarter 2006. Total electronic volume as a percentage of total volume grew from 76 percent in the first-quarter 2007 to a record 81 percent in the fourth-quarter 2007.

CME Group equity index product volume averaged 3.0 million contracts per day, up 61 percent from fourth-quarter 2006. Interest rate product volume averaged 6.3 million contracts per day, up 15 percent from the same period a year ago. CME Group foreign exchange product volume increased 10 percent to average 561,000 contracts per day, representing a notional value of $74 billion. Commodities and alternative investments volume averaged 740,000 contracts per day, down 1 percent versus the fourth-quarter 2006. NYMEX energy and metals volume on the CME Globex platform in the fourth-quarter 2007 averaged a record 852,000 contracts per day, more than doubling the average daily volume for the same period a year ago and representing the sixth consecutive record quarter.

December Highlights

December daily volume averaged 9.3 million contracts per day, up 13 percent from the same period last year. Total electronic volume averaged 7.4 million contracts per day, up 22 percent from December 2006. CME Group E-mini equity index product volume posted significant growth, increasing 53 percent versus the same period last year to average 2.5 million contracts per day. The commodities and alternative investments product line volume also demonstrated strong growth, averaging 700,000 contracts per day for the month, up 27 percent versus December 2006.

  (In thousands, average daily volume combined for entire year)

                                     2007            2006     Percent Change
  Interest Rates                    6,920           5,612           23%
  E-Minis                           2,529           1,688           50%
  Equity Standard                     186             163           14%
  Foreign Exchange                    569             453           26%
  Commodities and Alt. Inv.*          766             638           20%
    Total                          10,970           8,554           28%

  Open Outcry                       2,283           2,369           -4%
  CME Globex and e-CBOT             8,504           6,048           41%
  Privately Negotiated                183             137           33%

  *CME Group Commodities and Alternative Investments product line includes
   the legacy CME Commodities and Alternative Investments product line and
   the legacy CBOT Agricultural product line and Metals, Energy and Other
   product line.

  (In thousands)

                                  Q4 2007         Q4 2006     Percent Change
  Interest Rates                    6,290           5,470           15%
  E-Minis                           2,817           1,700           66%
  Equity Standard                     166             156            6%
  Foreign Exchange                    561             508           10%
  Commodities and Alt. Inv.*          740             748           -1%
    Total                          10,574           8,581           23%

  Open Outcry                       1,876           2,106          -11%
  CME Globex and e-CBOT             8,528           6,342           34%
  Privately Negotiated                169             133           27%

  (In thousands)

                               December 2007  December 2006  Percent Change
  Interest Rates                    5,332           5,147            4%
  E-Minis                           2,520           1,644           53%
  Equity Standard                     210             206            2%
  Foreign Exchange                    510             621          -18%
  Commodities and Alt. Inv.*          700             552           27%
  Total                             9,271           8,170           13%

  Open Outcry                       1,661           1,952          -15%
  CME Globex and e-CBOT             7,409           6,076           22%
  Privately Negotiated                200             141           42%


  Average Rate Per Contract
  (In dollars, and calculated from combined average daily volumes for entire
                    By Product Line                         By Venue
  3-Month Inte-                          ities                       Priv-
  Period  rest         Equity   Foreign and Alt      Open   Elect-   ately
  Ending Rates E-Minis Standard Exchange  Inv. Total Outcry ronic Negotiated
  Nov-07 0.523  0.671   1.442    0.972  1.070  0.636  0.503  0.623   3.050
  Oct-07 0.520  0.663   1.454    0.956  1.056  0.623  0.474  0.618   2.906
  Sep-07 0.519  0.673   1.451    0.951  1.032  0.622  0.473  0.613   2.878
  Aug-07 0.517  0.677   1.397    0.981  1.040  0.624  0.474  0.612   2.876

  Average Daily Volume
  (In thousands, average daily volumes combined for entire period)

                    By Product Line                         By Venue
  3-Month Inte-                          ities                       Priv-
  Period  rest         Equity   Foreign and Alt      Open   Elect-   ately
  Ending Rates E-Minis Standard Exchange  Inv. Total Outcry ronic Negotiated
  Dec-07 6,290  2,817    166      561    740  10,574  1,876  8,528    169
  Nov-07 6,847  2,395    173      599    744  11,298  2,149  8,979    169
  Oct-07 7,500  3,019    190      601    694  12,004  2,488  9,330    186
  Sep-07 8,060  3,057    202      635    716  12,670  2,652  9,806    212

CME Group ( is the world's largest and most diverse exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange Holdings and CBOT Holdings, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities and alternative investment products such as weather and real estate. CME Group's Class A common stock is traded on the New York Stock Exchange and the Nasdaq Global Select Market under the symbol "CME."

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, 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. All other trademarks are the property of their respective owners. Further information about CME Group and its products can be found at

Statements in this news release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. Among the factors that might affect our performance are: our ability to successfully integrate the businesses of CME Holdings and CBOT Holdings, including the fact that such integration may be more difficult, time consuming or costly than expected and revenues following the merger may be lower than expected; increasing competition by foreign and domestic entities, including increased competition from new entrants into our markets and consolidation of existing entities; our ability to keep pace with rapid technological developments, including our ability to complete the development and implementation of the enhanced functionality required by our customers; our ability to continue introducing competitive new products and services on a timely, cost-effective basis, including through our electronic trading capabilities, and our ability to maintain the competitiveness of our existing products and services; our ability to adjust our fixed costs and expenses if our revenues decline; our ability to continue to generate revenues from our processing services provided to third parties; our ability to maintain existing customers and attract new ones; our ability to expand and offer our products in foreign jurisdictions; changes in domestic and foreign regulations; changes in government policy, including policies relating to common or directed clearing; the costs associated with protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; our ability to generate revenue from our market data that may be reduced or eliminated by the growth of electronic trading; changes in our rate per contract due to shifts in the mix of the products traded, the trading venue and the mix of customers (whether the customer receives member or non-member fees or participates in one of our various incentive programs) and the impact of our tiered pricing structure; the ability of our financial safeguards package to adequately protect us from the credit risks of clearing members; changes in price levels and volatility in the derivatives markets and in underlying fixed income, equity, foreign exchange and commodities markets; economic, political and market conditions; our ability to accommodate increases in trading volume and order transaction traffic without failure or degradation of performance of our systems; our ability to execute our growth strategy and maintain our growth effectively; our ability to manage the risks and control the costs associated with our acquisition, investment and alliance strategy; our ability to continue to generate funds and/or manage our indebtedness to allow us to continue to invest in our business; industry and customer consolidation; decreases in trading and clearing activity; the imposition of a transaction tax on futures and options on futures transactions; and the seasonality of the futures business. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which is available in the Investor Relations section of the CME Group Web site. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.



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