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.
CME GROUP MONTHLY AVERAGE DAILY VOLUME
(In thousands)
July 2008 July 2007 Percent Change
PRODUCT LINE
Interest Rates 5,952 7,049 -16%
E-minis 3,522 2,630 34%
Equity Standard 171 163 5%
FX 640 628 2%
Commodities and Alt. Inv.* 878 764 15%
Total 11,163 11,234 -1%
July 2008 July 2007 Percent Change
VENUE
Open Outcry 1,509 2,118 -29%
CME Globex 9,500 8,919 7%
Privately Negotiated 154 197 -22%
* CME Group Commodities and Alternative Investments product line
includes the legacy CME commodities and alternative investments
product line and the legacy CBOT agricultural product line and
metals, energy and other product line.
CME GROUP ROLLING THREE-MONTH AVERAGES
Average Rate Per Contract(In dollars, and calculated from combined average daily volumes for entire period)
By Product Line By Venue
3-Month Equity Commodities Privately
Period Interest Stand- and Alt. Open Elec- Negot-
Ending Rates E-minis ard FX Inv. Total Outcry tronic iated
Jun-08 0.522 0.668 1.453 0.907 1.134 0.648 0.572 0.629 2.427
May-08 0.527 0.661 1.473 0.918 1.114 0.644 0.575 0.622 2.354
Apr-08 0.521 0.676 1.484 0.926 1.117 0.643 0.586 0.617 2.332
Mar-08 0.505 0.684 1.506 0.927 1.119 0.630 0.553 0.609 2.345
Average Daily Volume
(In thousands, average daily volumes combined for entire period)
By Product Line By Venue
3-Month Equity Commodities Privately
Period Interest Stand- and Alt. Open Elec- Negot-
Ending Rates E-minis ard FX Inv. Total Outcry tronic iated
Jul-08 6,438 3,186 177 675 913 11,388 1,721 9,494 173
Jun-08 6,467 2,833 161 665 933 11,060 1,836 9,054 170
May-08 6,702 2,987 172 662 865 11,387 1,883 9,308 195
Apr-08 7,303 3,138 179 645 960 12,224 2,017 9,989 218
