- Highest monthly volume to date in 2009 for interest rates, FX,
commodities and alternative investments product lines -
Double-digit quarterly sequential growth in interest rates, FX,
commodities and alternative investments and monthly sequential
growth in equity standard, FX, commodities and alternative
investments - Second-quarter volume averaged 10.4 million contracts
per day, slightly higher than first-quarter 2009 CHICAGO, July 2
/PRNewswire-FirstCall/ -- CME Group, the world's largest and most
diverse derivatives exchange, today announced that June volume
averaged 11.4 million contracts per day, down 20 percent from June
2008, but up 6 percent from May 2009. Total volume was 251 million
contracts for June, of which 79 percent was traded electronically.
Electronic volume averaged 9.0 million contracts per day, down 21
percent from the prior June, but up 6 percent sequentially. "In the
current financial environment, we are encouraged by record 2009
monthly volume across major products lines, from interest rates and
foreign exchange to commodities and alternative investments," said
CME Executive Chairman Terry Duffy. "In addition, the 33 percent
increase in over-the-counter volume cleared through CME ClearPort
is a good indicator that the OTC market continues moving toward the
safety and soundness our cleared solution offers." "Improvements in
credit and lending markets and significantly increased Treasury
issuance have positively impacted CME Group's interest rate volumes
and open interest in June," said CME Group Chief Executive Officer
Craig Donohue. "Reduced volatility and improvements in market depth
have resulted in record volume of more than 6 million Eurodollar
futures contracts on June 5." CME Group interest rate volume
averaged 5.1 million contracts per day, down 24 percent compared
with the same period in 2008, but up 8 percent sequentially -
representing the best monthly volume to date in 2009. Interest rate
futures and options volume was up 14 percent second quarter over
first quarter, with Treasury futures and options gaining 11 percent
in the same timeframe. Average daily volume in inter-commodity
spreads of Treasury futures and open interest for 3-Year Treasury
Note futures reached record levels in June. Furthermore, a record
volume of 6.0 million Eurodollar futures was traded June 5. 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 E-mini equity index volume averaged 2.8 million contracts per
day, down 21 percent compared with June 2008. Equity standard
volume averaged 154,000 contracts per day, down 32 percent compared
with the same period last year. CME Group foreign exchange (FX)
volume averaged 702,000 contracts per day, with notional value of
approximately $89 billion, down 8 percent compared with the prior
June, but up 29 percent sequentially - representing the best
monthly volume to date in 2009. CME Group commodities and
alternative investments volume averaged 912,000 contracts per day,
down 18 percent from June 2008, but up 25 percent compared with May
2009 - representing the highest monthly volume to date so far in
2009. Total NYMEX volume averaged 1.7 million contracts for June
2009, down 4 percent compared with the same period last year, but
up 1 percent compared with May 2009. Monthly NYMEX energy futures
and options volume averaged 975,000 contracts per day, down 13
percent from June 2008, but up 5 percent sequentially. COMEX metals
volume averaged 188,000 contracts per day for June 2009, down 8
percent compared with the same period last year and down 2 percent
sequentially. Average daily volume cleared through CME ClearPort
was 542,000 contracts for June 2009, up 33 percent compared with
June 2008, as users continue to seek the safety and soundness of
CME Group's regulated, centrally cleared markets. The remaining
NYMEX volume of 38,000 trades per day consisted of other
transactions, which include position transfers and exchanges.
Second-quarter volume averaged 10.4 million contracts per day, down
19 percent from second-quarter 2008, but up slightly from
first-quarter 2009. Compared with first-quarter 2009,
second-quarter interest rates volume increased 14 percent, FX
volume increased 12 percent and commodities and alternative
investments volume increased 19 percent. In addition,
second-quarter average daily volume cleared through CME ClearPort
was 537,000 contracts, up 29 percent compared with second-quarter
2008. MONTHLY AVERAGE DAILY VOLUME (ADV) Total Exchange Pro Forma
ADV (CME, CBOT and NYMEX combined, in thousands) Jun 2009 Jun 2008
Percent Change -------- -------- -------------- Total 11,389 14,179
-20% Trading Days 22 21 CME Group ADV (CME and CBOT combined, in
thousands) PRODUCT LINE Jun 2009 Jun 2008 Percent Change --------
-------- -------------- Interest Rates 5,107 6,758 -24% E-minis
2,771 3,501 -21% Equity Standard 154 228 -32% FX 702 764 -8%
Commodities and Alt. Inv. 912 1,110 -18% Total 9,646 12,360 -22%
Jun 2009 Jun 2008 Percent Change VENUE -------- --------
-------------- Open outcry 1,485 1,897 -22% CME Globex 7,979 10,259
-22% Privately negotiated 182 204 -11% NYMEX/COMEX ADV (in
thousands) Jun 2009 Jun 2008 Percent Change -------- --------
-------------- NYMEX floor 128 235 -45% NYMEX electronic 847 889
-5% COMEX floor 27 36 -25% COMEX electronic 161 169 -5% CME
ClearPort 542* 407 33% Other 38 84 -55% Total 1,743 1,819 -4% *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 June 2009. QUARTERLY AVERAGE DAILY VOLUME (ADV) Total
Exchange Pro Forma ADV (CME, CBOT and NYMEX combined, in thousands)
Q2 2009 Q2 2008 Percent Change ------- ------- -------------- Total
10,438 12,875 -19% Trading Days 63 64 CME Group ADV (CME and CBOT
combined, in thousands) PRODUCT LINE Q2 2009 Q2 2008 Percent Change
------- ------- -------------- Interest Rates 4,389 6,467 -32%
E-minis 2,867 2,833 1% Equity Standard 121 161 -25% FX 568 665 -15%
Commodities and Alt. Inv. 818 933 -12% Total 8,762 11,060 -21% Q2
2009 Q2 2008 Percent Change VENUE ------- ------- --------------
Open outcry 1,294 1,836 -30% CME Globex 7,331 9,054 -19% Privately
negotiated 137 170 -19% NYMEX/COMEX ADV (in thousands) Q2 2009 Q2
2008 Percent Change ------- ------- -------------- NYMEX floor 126
238 -47% NYMEX electronic 785 865 -9% COMEX floor 28 38 -27% COMEX
electronic 149 172 -13% CME ClearPort 537* 417 29% Other 49 84 -41%
Total 1,675 1,815 -8% *The PJM daily electricity swap futures
contracts, which have an average rate per contract of approximately
10 cents, accounted for approximately 21 percent of the total
volume cleared through CME ClearPort in second- quarter 2009.
ROLLING THREE-MONTH AVERAGES Total Exchange Pro Forma RPC (Legacy
CME, CBOT, and NYMEX combined) May-09 Apr-09 Mar-09 Feb-09 Total
Average RPC 0.812 0.823 0.833 0.860 CME Group (Legacy CME and CBOT
combined) Average Rate Per Contract (In dollars) 3-Month Period
Ending May-09 Apr-09 Mar-09 Feb-09 Interest Rates 0.522 0.527 0.532
0.553 E-minis 0.666 0.671 0.677 0.685 Equity Standard 1.536 1.536
1.543 1.581 FX 0.905 0.920 0.918 0.947 Commodities/Alt. Investments
1.107 1.126 1.108 1.114 ----- ----- ----- ----- Total 0.665 0.677
0.677 0.696 Open outcry 0.618 0.631 0.607 0.648 Electronic 0.647
0.658 0.659 0.672 Privately negotiated 2.436 2.419 2.460 2.516
Average Daily Volume (In thousands) 3-Month Period Ending Jun-09
May-09 Apr-09 Mar-09 Interest Rates 4,389 3,942 3,752 3,843 E-minis
2,867 3,267 3,396 3,378 Equity Standard 121 140 152 159 FX 568 513
503 507 Commodities/Alt. Investments 818 717 734 685 --- --- ---
--- Total 8,762 8,579 8,538 8,572 Open outcry 1,294 1,180 1,133
1,188 Electronic 7,331 7,281 7,284 7,255 Privately negotiated 137
118 120 130 NYMEX/COMEX Average Rate Per Contract (In dollars, on a
pro forma basis*) 3-Month Period Ending May-09 Apr-09 Mar-09 Feb-09
NYMEX floor 1.79 1.53 1.38 1.46 NYMEX electronic 1.31 1.32 1.35
1.40 COMEX floor 1.89 1.83 1.78 1.81 COMEX electronic 1.77 1.80
1.80 1.80 CME ClearPort 1.77 1.67 1.75 1.77 Other 1.88 2.45 2.46
2.33 ---- ---- ---- ---- Total Pro Forma Average Gross Rate 1.57
1.54 1.57 1.60 Total Pro Forma Average Net Rate 1.46 1.44 1.47 1.51
*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 Jun-09 May-09 Apr-09 Mar-09 NYMEX
floor 126 125 126 135 NYMEX electronic 785 753 766 798 COMEX floor
28 28 27 30 COMEX electronic 149 153 156 170 CME ClearPort 537 553
605 629 Other 49 52 54 54 -- -- -- -- Total 1,675 1,664 1,734 1,816
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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