CME Group Volume Averaged 10.5 Million Contracts Per Day in November 2008
December 02 2008 - 9:00AM
PR Newswire (US)
- OTC volume on ClearPort up 51 percent 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
DATASOURCE: CME Group CONTACT: Media, William Parke,
+1-312-930-3467, or Pamela Plehn, +1-312-930-3446, , or Investors,
John Peschier, +1-312-930-8491, all of CME Group Web site:
http://www.cmegroup.com/
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