CME Group Volume Averaged 13.0 Million Contracts per Day in 2008
Posted in FX, Trading Resources on January 12th, 2009 by Emini Addict – Comments Off
CME Group Volume Averaged 13.0 Million Contracts per Day in 2008, Up 4 Percent
From 2007 on a Combined Basis
- Delivered eighth consecutive year of record volume on a combined basis
- 2008 total equity index volume was up 35 percent, exceeding 20 percent
annual growth for fourth consecutive year
- Achieved double-digit volume growth for seventh consecutive year in foreign
exchange products and commodities products
- 2008 OTC volume cleared on ClearPort was up 39 percent
CHICAGO, Jan. 5 /PRNewswire-FirstCall/ -- CME Group, the world's largest and
most diverse derivatives exchange, today announced 2008 volume totaled 3.3
billion contracts, representing the eighth consecutive year of record volume,
assuming combined CME Group/NYMEX volumes, and $1.2 quadrillion in notional
value. Daily volume in 2008 averaged 13.0 million contracts per day, up 4
percent from 2007 on a combined basis. Total electronic volume averaged 10.3
million contracts per day, up 12 percent from the prior year and representing
79 percent of total exchange volume. Average daily volume cleared on NYMEX
ClearPort was 468,000 contracts for 2008, up 39 percent compared with 2007,
highlighting market participants' increased interest in the safety and
soundness of CME Group's regulated, transparent and centrally cleared markets.
CME Group 2008 E-mini equity index volume averaged 3.5 million contracts per
day, up 37 percent compared with 2007. Equity standard volume averaged
190,000 contracts per day, up two percent compared with the prior year. CME
Group commodities and alternative investments volume averaged 848,000
contracts per day, up 11 percent from 2007. CME Group foreign exchange (FX)
contracts volume averaged 624,000 contracts per day, up 10 percent, and
represented an average daily notional value of $85 billion. CME Group
interest rate volume averaged 6.1 million contracts per day, down 12 percent
compared with the same period in 2007.
Total NYMEX volume averaged 1.8 million contracts for 2008, up 19 percent
compared with the prior year. Annual NYMEX energy futures and options volume
averaged 1.0 million contracts per day, up 11 percent from 2007. COMEX metals
volume averaged 221,000 contracts per day for 2008, up 40 percent. Average
daily volume cleared on NYMEX ClearPort was 468,000 contracts for 2008, up 39
percent compared with 2007. The remaining NYMEX volume of 74,000 trades per
day consisted of other transactions, which include position transfers and
exchanges.
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.
Fourth-quarter daily volume averaged 10.4 million contracts, down 14 percent
compared with the same period last year on a combined basis. Quarterly volume
highlights included 35 percent growth in E-mini equity index products and 58
percent growth in average daily volume cleared on ClearPort. Daily volume
averaged 8.2 million contracts in December, down 22 percent compared with
December 2007. Both E-mini equity index volume and OTC volume cleared on
ClearPort demonstrated strong growth in December as well, growing 15 percent
and 56 percent, respectively. The PJM off-peak and peak electricity swap
futures contracts were launched on ClearPort on December 8 and are priced at
approximately 3 cents and 40 cents per contract, respectively. The lower
priced off-peak contracts averaged 43,000 contracts per day from the launch
until the end of the month, while the peak contracts averaged 4,000 contracts
per day. These lower priced contracts represented 8 percent of the volume
cleared on ClearPort for the full month of December and 2.5 percent of the
cleared volume in the fourth quarter. As a result, the rolling 3-month
average rate per contract for ClearPort through December is expected to
decrease.
CME Group Volume Averaged 13.0 Million Contracts per Day in 2008, Up 4 Percent From... | Reuters
From 2007 on a Combined Basis
- Delivered eighth consecutive year of record volume on a combined basis
- 2008 total equity index volume was up 35 percent, exceeding 20 percent
annual growth for fourth consecutive year
- Achieved double-digit volume growth for seventh consecutive year in foreign
exchange products and commodities products
- 2008 OTC volume cleared on ClearPort was up 39 percent
CHICAGO, Jan. 5 /PRNewswire-FirstCall/ -- CME Group, the world's largest and
most diverse derivatives exchange, today announced 2008 volume totaled 3.3
billion contracts, representing the eighth consecutive year of record volume,
assuming combined CME Group/NYMEX volumes, and $1.2 quadrillion in notional
value. Daily volume in 2008 averaged 13.0 million contracts per day, up 4
percent from 2007 on a combined basis. Total electronic volume averaged 10.3
million contracts per day, up 12 percent from the prior year and representing
79 percent of total exchange volume. Average daily volume cleared on NYMEX
ClearPort was 468,000 contracts for 2008, up 39 percent compared with 2007,
highlighting market participants' increased interest in the safety and
soundness of CME Group's regulated, transparent and centrally cleared markets.
CME Group 2008 E-mini equity index volume averaged 3.5 million contracts per
day, up 37 percent compared with 2007. Equity standard volume averaged
190,000 contracts per day, up two percent compared with the prior year. CME
Group commodities and alternative investments volume averaged 848,000
contracts per day, up 11 percent from 2007. CME Group foreign exchange (FX)
contracts volume averaged 624,000 contracts per day, up 10 percent, and
represented an average daily notional value of $85 billion. CME Group
interest rate volume averaged 6.1 million contracts per day, down 12 percent
compared with the same period in 2007.
Total NYMEX volume averaged 1.8 million contracts for 2008, up 19 percent
compared with the prior year. Annual NYMEX energy futures and options volume
averaged 1.0 million contracts per day, up 11 percent from 2007. COMEX metals
volume averaged 221,000 contracts per day for 2008, up 40 percent. Average
daily volume cleared on NYMEX ClearPort was 468,000 contracts for 2008, up 39
percent compared with 2007. The remaining NYMEX volume of 74,000 trades per
day consisted of other transactions, which include position transfers and
exchanges.
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.
Fourth-quarter daily volume averaged 10.4 million contracts, down 14 percent
compared with the same period last year on a combined basis. Quarterly volume
highlights included 35 percent growth in E-mini equity index products and 58
percent growth in average daily volume cleared on ClearPort. Daily volume
averaged 8.2 million contracts in December, down 22 percent compared with
December 2007. Both E-mini equity index volume and OTC volume cleared on
ClearPort demonstrated strong growth in December as well, growing 15 percent
and 56 percent, respectively. The PJM off-peak and peak electricity swap
futures contracts were launched on ClearPort on December 8 and are priced at
approximately 3 cents and 40 cents per contract, respectively. The lower
priced off-peak contracts averaged 43,000 contracts per day from the launch
until the end of the month, while the peak contracts averaged 4,000 contracts
per day. These lower priced contracts represented 8 percent of the volume
cleared on ClearPort for the full month of December and 2.5 percent of the
cleared volume in the fourth quarter. As a result, the rolling 3-month
average rate per contract for ClearPort through December is expected to
decrease.
CME Group Volume Averaged 13.0 Million Contracts per Day in 2008, Up 4 Percent From... | Reuters