CME Group, the world’s largest and most diverse exchange, today announced that it has successfully migrated e-cbot interest rate futures and options on futures to its CME Globex® electronic trading platform. E-cbot agricultural and equity index products were integrated onto the platform on January 14. With the addition of these products, CME Group now offers access to all major asset classes from a single electronic trading platform.
"The successful completion of migrating e-cbot agricultural, equity index and interest rate contracts onto CME Globex is not an end point as much as it is a new beginning for electronic trading at CME Group," said CME Group executive chairman Terry Duffy. "By consolidating our trading technology onto one platform, customers have the opportunity to streamline their own operations and benefit from increased efficiencies and cost effectiveness created by the CME/CBOT merger. The CME Globex platform is widely recognized as the leading electronic trading platform, noted for its speed, reliability and scalability. It provides an unparalleled distribution of our products to a customer base spread across the world in more than 83 countries."
"We have reached a key milestone in our merger. Our customers who trade both CME and CBOT products electronically will now benefit from reduced front-end development and system costs as well as from new trading opportunities across every major asset class," said CME Group ceo Craig Donohue. "In the coming months, we will continue our leadership in the industry by upgrading our electronic trading platform that will significantly reduce message response time, already among the fastest in the industry. And later this year, we will launch selected cross-product and cross-exchange spread functionality, further enhancing our customers’ ability to trade our products."
In 2007, electronically traded CBOT interest futures and options on futures averaged 3,231,631 contracts a day, up 27 percent from 2006. Last year, average daily volume for all products at CME Group was 11 million contracts on a pro forma basis of which approximately 80 percent traded electronically.
