CME Group Volume Averaged 9.2 Million Contracts per Day in April 2009
May 04 2009 - 9:06AM
PR Newswire (US)
CHICAGO, May 4 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives exchange, today announced that
April volume averaged 9.2 million contracts per day, down 23
percent from April 2008. Total volume was 193 million contracts for
April, of which 80 percent was traded electronically. Electronic
volume averaged 7.3 million contracts per day, down 20 percent from
the prior April. CME Group E-mini equity index volume averaged 2.9
million contracts per day, up 18 percent compared with April 2008.
Equity standard volume averaged 102,000 contracts per day, down 20
percent compared with the same period last year. CME Group
commodities and alternative investments volume averaged 801,000
contracts per day, down 15 percent from April 2008, but up 28
percent sequentially. CME Group foreign exchange (FX) contracts
volume averaged 451,000 contracts per day, with notional value of
approximately $52 billion, down 26 percent. CME Group interest rate
volume averaged 3.3 million contracts per day, down 45 percent
compared with the same period in 2008. Total NYMEX volume averaged
1.6 million contracts for April 2009, down 9 percent compared with
the same period last year. Monthly NYMEX energy futures and options
volume averaged 826,000 contracts per day, down 18 percent from
April 2008. COMEX metals volume averaged 152,000 contracts per day
for April 2009, down 26 percent. Average daily volume cleared
through CME ClearPort was 533,000 contracts for April 2009, up 24
percent compared with April 2008, as users continue to seek the
safety and soundness of CME Group's regulated, centrally cleared
markets. The remaining NYMEX volume of 47,000 trades per day
consisted of other transactions, which include position transfers
and exchanges. MONTHLY AVERAGE DAILY VOLUME (ADV) Total Exchange
Pro Forma ADV (CME, CBOT and NYMEX combined, in thousands) April
2009 April 2008 Percent Change ---------- ---------- --------------
Total 9,175 11,926 -23% Trading Days 21 22 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. CME Group ADV (CME and
CBOT combined, in thousands) PRODUCT LINE April 2009 April 2008
Percent Change ---------- ---------- -------------- Interest Rates
3,321 6,038 -45% E-minis 2,943 2,495 18% Equity Standard 102 128
-20% FX 451 613 -26% Commodities and Alt. Inv. 801 937 -15% --- ---
-- Total 7,617 10,210 -25% April 2009 April 2008 Percent Change
VENUE ---------- ---------- -------------- Open outcry 1,008 1,843
-45% CME Globex 6,506 8,220 -21% Privately negotiated 104 147 -29%
NYMEX/COMEX ADV (in thousands) April 2009 April 2008 Percent Change
---------- ---------- -------------- NYMEX floor 117 238 -51% NYMEX
electronic 709 773 -8% COMEX floor 23 38 -38% COMEX electronic 129
169 -24% CME ClearPort 533 429 24% Other 47 69 -32% -- -- -- Total
1,558 1,716 -9% The PJM daily electricity swap futures contracts,
which have an average rate per contract of approximately 10 cents,
accounted for approximately 24 percent of the total volume cleared
through CME ClearPort in April 2009. ROLLING THREE-MONTH AVERAGES
Total Exchange Pro Forma RPC (Legacy CME, CBOT, and NYMEX combined)
Mar-09 Feb-09 Jan-09 Dec-08 Total Average RPC 0.833 0.860 0.870
0.858 CME Group (Legacy CME and CBOT combined) Average Rate Per
Contract (In dollars) 3-Month Period Ending Mar-09 Feb-09 Jan-09
Dec-08 Interest Rates 0.532 0.553 0.567 0.569 E-minis 0.677 0.685
0.688 0.706 Equity Standard 1.543 1.581 1.588 1.582 FX 0.918 0.947
0.928 0.894 Commodities/Alt. Investments 1.108 1.114 1.150 1.154
----- ----- ----- ----- Total 0.677 0.696 0.706 0.713 Open outcry
0.607 0.648 0.669 0.663 Electronic 0.659 0.672 0.680 0.691
Privately negotiated 2.460 2.516 2.579 2.558 Average Daily Volume
(In thousands) 3-Month Period Ending Apr-09 Mar-09 Feb-09 Jan-09
Interest Rates 3,752 3,843 3,452 3,325 E-minis 3,396 3,378 3,014
3,157 Equity Standard 152 159 147 153 FX 503 507 457 444
Commodities/Alt. Investments 734 685 669 648 --- --- --- --- Total
8,538 8,572 7,738 7,727 Open outcry 1,133 1,188 1,135 1,145
Electronic 7,284 7,255 6,480 6,459 Privately negotiated 120 130 123
123 NYMEX/COMEX Average Rate Per Contract (In dollars, on a pro
forma basis*) 3-Month Period Ending Mar-09 Feb-09 Jan-09 Dec-08
NYMEX floor 1.38 1.46 1.54 1.60 NYMEX electronic 1.35 1.40 1.38
1.31 COMEX floor 1.78 1.81 1.79 1.80 COMEX electronic 1.80 1.80
1.78 1.78 CME ClearPort 1.75 1.77 1.94 2.10 Other 2.46 2.33 2.21
2.04 ---- ---- ---- ---- Total Pro Forma Average Gross Rate 1.57
1.60 1.66 1.67 Total Pro Forma Average Net Rate 1.47 1.51 1.55 1.57
*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 Apr-09 Mar-09 Feb-09 Jan-09 NYMEX
floor 126 135 140 147 NYMEX electronic 766 798 759 705 COMEX floor
27 30 26 28 COMEX electronic 156 170 146 147 CME ClearPort 605 629
584 513 Other 54 54 58 72 -- -- -- -- Total 1,734 1,816 1,713 1,612
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 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, E-mini and CME ClearPort
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 and New York Mercantile Exchange 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/. 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.cme.com/
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