CME Group Reports Record Options Volume Led By Eurodollar Options
August 09 2007 - 12:28PM
PR Newswire (US)
Electronic Trading Accounts for 25 percent of All Options Volume
CHICAGO, Aug. 9 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse exchange, reached record options on
futures volume on August 8, 2007, when 4,154,124 options were
traded at the exchange, overtaking the combined record of 4,091,560
options set on June 2, 2006. An impressive 25 percent of this
volume was traded electronically. Record activity in Eurodollar
options drove much of yesterday's record. A total of 3,264,045
Eurodollar options traded, breaking the previous record of
3,196,326 options set on June 2, 2006. Eurodollar options traded on
CME Globex(R), the exchange's electronic trading platform also
reached a new high of 716,653, accounting for 22 percent of total
Eurodollar options volume. The previous record for Eurodollar
options traded on CME Globex was 493,232 set on April 15, 2006. The
new record is 569 percent greater than year-to-date average daily
volume of 107,115 options. Month-to-date Eurodollar options volume
stands at 280,789 options a day. Options on CME Eurodollar futures
are the most actively traded, exchange- listed, interest rate
options in the world. They are a risk management tool that provides
the opportunity for market participants to limit losses while
maintaining the possibility of profiting from favorable changes in
Eurodollar futures prices. Options liquidity allows market
participants to take advantage of their views on the direction of
U.S. interest rates. CME Group (http://www.cmegroup.com/) is the
world's largest and most diverse exchange. Formed by the 2007
merger of the Chicago Mercantile Exchange (CME) and the Chicago
Board of Trade (CBOT), 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, energy, and alternative investment products such as
weather and real estate. CME Group is traded on the New York Stock
Exchange and 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. 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/. CME-G DATASOURCE: CME Group
CONTACT: media, Pamela Plehn, +1-312-930-3446, or Allan Schoenberg,
+1-312-930-8189, , or investors, John Peschier, +1-312-930-8491,
all of CME Group Web site: http://www.cmegroup.com/
http://www.cme.com/ http://www.cmegroup.mediaroom.com/
Copyright