CHICAGO, Dec. 2 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that November 2008 volume averaged 10.5 million contracts per day, down 29 percent from November 2007, assuming combined CME Group/NYMEX volumes. Total monthly volume exceeded 199 million contracts, 79 percent of which was traded electronically. On a combined basis, CME Group year-to-date volume through November averaged 13.4 million contracts per day, up seven percent from the same period in 2007.
CME Group E-mini equity index volume averaged 3.8 million contracts per day, up 11 percent compared with November 2007. Equity standard volume averaged 160,000 contracts per day, down one percent compared with the same period last year. CME Group commodities and alternative investments volume averaged 724,000 contracts per day, down 12 percent from November 2007. CME Group foreign exchange (FX) contracts volume averaged 471,000 contracts per day, down 26 percent, and represented an average daily notional value of $60 billion. CME Group interest rate volume averaged 3.7 million contracts per day, down 53 percent compared with the same period in 2007.
Total NYMEX volume averaged 1.6 million contracts for November 2008, down three percent compared with the same period last year. Monthly NYMEX energy futures and options volume averaged 832,000 contracts per day, down 15 percent from November 2007. COMEX metals volume averaged 207,000 contracts per day for November 2008, down 24 percent. Average daily volume cleared on NYMEX ClearPort was 477,000 contracts for November 2008, up 51 percent compared with November 2007, as users continue to seek the safety and soundness of CME Group's regulated, transparent and centrally cleared markets. The remaining NYMEX volume of 117,000 trades per day consisted of other transactions, which include position transfers and exchanges.
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, and Swapstream products.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange Pro Forma ADV (Legacy CME, CBOT, and NYMEX combined, in thousands)
November 2008 November 2007 Percent Change
Total 10,479 14,701 -29%
CME Group ADV (Legacy CME and CBOT combined, in thousands)
PRODUCT LINE November 2008 November 2007 Percent Change
Interest Rates 3,737 8,006 -53%
E-minis 3,753 3,383 11%
Equity Standard 160 162 -1%
FX 471 640 -26%
Commodities and Alt. Inv. 724 825 -12%
Total 8,845 13,016 -32%
VENUE November 2008 November 2007 Percent Change
Open outcry 1,273 2,274 -44%
CME Globex 7,440 10,555 -30%
Privately negotiated 133 187 -29%
NYMEX/COMEX ADV (In thousands)
November 2008 November 2007 Percent Change
NYMEX floor 161 237 -32%
NYMEX electronic 671 736 -9%
COMEX floor 37 61 -40%
COMEX electronic 171 211 -19%
NYMEX ClearPort 477 316 51%
Other 117 123 -5%
Total 1,634 1,685 -3%
ROLLING THREE-MONTH AVERAGES
CME Group (Legacy CME and CBOT combined)
Average Rate Per Contract (In dollars)
3-Month Period Ending
Oct-08 Sep-08 Aug-08 Jul-08
Interest Rates 0.539 0.521 0.519 0.518
E-minis 0.703 0.677 0.670 0.665
Equity Standard 1.529 1.486 1.444 1.455
FX 0.932 0.936 0.911 0.905
Commodities/Alt.
Investments 1.144 1.154 1.155 1.146
Total 0.684 0.659 0.658 0.647
Open outcry 0.608 0.607 0.608 0.594
Electronic 0.665 0.637 0.634 0.624
Privately negotiated 2.533 2.526 2.481 2.464
Average Daily Volume (In thousands)
3-Month Period Ending
Nov-08 Oct-08 Sep-08 Aug-08
Interest Rates 5,156 5,538 6,030 5,922
E-minis 4,444 4,049 3,638 3,211
Equity Standard 238 228 204 179
FX 625 681 710 687
Commodities/Alt.
Investments 746 786 822 945
Total 11,208 11,282 11,404 10,945
Open outcry 1,595 1,607 1,602 1,580
Electronic 9,445 9,510 9,641 9,202
Privately negotiated 167 165 161 162
NYMEX/COMEX
Average Rate Per Contract (In dollars, on a pro forma basis*)
3-Month Period Ending
Oct-08 Sep-08 Aug-08 Jul-08
NYMEX floor 1.36 1.39 1.40 1.63
NYMEX electronic 1.30 1.32 1.32 1.32
COMEX floor 1.73 1.63 1.64 1.64
COMEX electronic 1.74 1.72 1.73 1.73
NYMEX ClearPort 2.04 1.93 1.92 1.94
Other 1.97 1.93 1.86 1.85
Total Pro Forma
Average Gross Rate 1.60 1.57 1.56 1.58
Total Pro Forma
Average Net Rate 1.53 1.49 1.48 1.49
Pro forma adjustment excludes the Globex payment to CME Group from the NYMEX electronic, COMEX electronic and Direct Transaction Cost lines. Average RPC by venue are gross figures - NYMEX historically reported average net RPC by venue.
Average Daily Volume (In thousands)
3-Month Period Ending
Nov-08 Oct-08 Sep-08 Aug-08
NYMEX floor 184 185 193 208
NYMEX electronic 754 796 831 841
COMEX floor 36 35 36 35
COMEX electronic 186 192 214 194
NYMEX ClearPort 509 500 492 455
Other 78 59 65 72
Total 1,746 1,767 1,831 1,805
CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, 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 trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers $7 billion in financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. 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, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ 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. NYMEX, New York Mercantile Exchange, and ClearPort 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 and its products can be found at http://www.cmegroup.com/.
08-217
CME-G
SOURCE: CME Group
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