back to newsCME Group Volume Averaged 11.2 Million Contracts per Day in July
by Chicago Mercantile Exchange 01 Aug 14:43
- Electronic volume increased 7 percent, with a record 85 percent of all
contracts traded electronically
- CME Group E-mini equity index volume rose 34 percent
- NYMEX volume on CME Globex rose 39 percent
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.
(In dollars, and calculated from combined average daily volumes for entire
period)
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
SOURCE: CME Group
CONTACT: Media, William Parke, +1-312-930-3467, or Pamela Plehn,
+1-312-930-3446, both at news@cmegroup.com, or Investors, John Peschier,
+1-312-930-8491, all of CME Group
Web site: http://www.cmegroup.com/
