CME Group Volume Averaged 11.2 Million Contracts per Day in July
August 01 2008 - 9:43AM
PR Newswire (US)
- Electronic volume increased 7 percent, with a record 85 percent
of all contracts traded electronically CHICAGO, Aug. 1
/PRNewswire-FirstCall/ -- CME Group, the world's largest and most
diverse derivatives exchange, today announced that July 2008 volume
averaged 11.2 million contracts per day, with total volume for the
month exceeding 245 million contracts. Compared with July 2007,
volume was down 1 percent. A record 85 percent of contracts was
traded electronically. Total monthly electronic volume increased 7
percent over July 2007, averaging 9.5 million contracts per day.
Year-to-date 2008 volume through July averaged 12.2 million
contracts per day, up 16 percent from the same period last year.
CME Group E-mini equity index volume averaged 3.5 million contracts
per day, up 34 percent compared with July 2007. CME Group
commodities and alternative investments volume averaged 878,000
contracts per day, up 15 percent. CME Group foreign exchange (FX)
contracts volume averaged 640,000 contracts per day, up 2 percent
from July 2007, and represented average daily notional value traded
of $90 billion, up 16 percent. CME Group interest rate volume
averaged 6.0 million contracts per day, down 16 percent compared
with the same period in 2007. Monthly NYMEX volume on the CME
Globex electronic trading platform averaged 1.0 million contracts
per day, up 39 percent. 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. CME GROUP MONTHLY AVERAGE DAILY VOLUME (In thousands)
July 2008 July 2007 Percent Change PRODUCT LINE Interest Rates
5,952 7,049 -16% E-minis 3,522 2,630 34% Equity Standard 171 163 5%
FX 640 628 2% Commodities and Alt. Inv.* 878 764 15% Total 11,163
11,234 -1% July 2008 July 2007 Percent Change VENUE Open Outcry
1,509 2,118 -29% CME Globex 9,500 8,919 7% Privately Negotiated 154
197 -22% * 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. CME GROUP ROLLING
THREE-MONTH AVERAGES Average Rate Per Contract (In dollars, and
calculated from combined average daily volumes for entire period)
By Product Line By Venue 3-Month Equity Commodities Privately
Period Interest Stand- and Alt. Open Elec- Negot- Ending Rates
E-minis ard FX Inv. Total Outcry tronic iated Jun-08 0.522 0.668
1.453 0.907 1.134 0.648 0.572 0.629 2.427 May-08 0.527 0.661 1.473
0.918 1.114 0.644 0.575 0.622 2.354 Apr-08 0.521 0.676 1.484 0.926
1.117 0.643 0.586 0.617 2.332 Mar-08 0.505 0.684 1.506 0.927 1.119
0.630 0.553 0.609 2.345 Average Daily Volume (In thousands, average
daily volumes combined for entire period) By Product Line By Venue
3-Month Equity Commodities Privately Period Interest Stand- and
Alt. Open Elec- Negot- Ending Rates E-minis ard FX Inv. Total
Outcry tronic iated Jul-08 6,438 3,186 177 675 913 11,388 1,721
9,494 173 Jun-08 6,467 2,833 161 665 933 11,060 1,836 9,054 170
May-08 6,702 2,987 172 662 865 11,387 1,883 9,308 195 Apr-08 7,303
3,138 179 645 960 12,224 2,017 9,989 218 CME Group
(http://www.cmegroup.com/) is the world's largest and most diverse
derivatives exchange. Formed by the 2007 merger of Chicago
Mercantile Exchange Holdings Inc. (CME) and CBOT Holdings, Inc.
(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, 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, Inc. TRAKRS and Total Return Asset Contracts are
trademarks of Merrill Lynch & Co., Inc. These trademarks are
used herein under license. 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/. 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 obtain the required approvals
and to satisfy the closing conditions for our proposed merger with
NYMEX Holdings, Inc. and our ability to realize the benefits and
control the costs of the proposed transaction; 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; 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 or as a
result of a combination with the Securities and Exchange Commission
and the Commodity Futures Trading Commission; 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 decreased demand or 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; the ability of our
compliance and risk management methods to effectively monitor and
manage our risks; changes in price levels and volatility in the
derivatives markets and in underlying fixed income, equity, foreign
exchange and commodities markets; economic, political, geopolitical
and market conditions; natural disasters and other catastrophes,
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.
CME-G DATASOURCE: CME Group CONTACT: Media, William Parke,
+1-312-930-3467, or Pamela Plehn, +1-312-930-3446, both at , or
Investors, John Peschier, +1-312-930-8491, all of CME Group Web
site: http://www.cmegroup.com/
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